There is always a bit of a battle between being frugal and being cheap.
I’ve learned that one does not necessarily imply the other.
People, especially friends and family, can tell when you’re being cheap.
For instance, it’s obvious you’re cheap if you park at Disney Springs to avoid Disney World theme park parking fees.
It’s a major waste of time and effort, but it will save you a few bucks. The sad part is, you lose out overall because you get to spend less time in the theme parks.
Being cheap is not the best quality to be, and I’d much rather be known for being smart and generous with my finances than being miserly.
It’s definitely good to share meals with friends, give nice wedding gifts to those you love, and to help those in need.
However, none of those things should ever put you into debt or cause you financial strife.
So, it’s definitely a fine line and a balancing act to be smart about your finances without coming across as someone who never parts with their money for anything.
Here are some more examples of ways to be frugal without being cheap.
Order Water at Dinner but Still Tip Well
Most waiters and waitresses work really hard and have to deal with a lot of rude customers. I’m a big fan of tipping 20%, especially if the waiter or waitress is a young kid just trying to make a buck.
Shop at a Thrift Store for Yourself but…
Do not for gifts for your friends at thrift stores. I love scoring deals at Goodwill, but I’d never find a baby shower gift there or anything else that I’d legitimately give to someone else.
Order a Glass Instead of a Bottle of Wine
It’s definitely frugal to not order alcohol at all, but if you want a little something at dinner, just go easy with your ordering. You can always have more when you get home if you choose.
Drive a Used Car but Not in an Unsafe One
Used cars are great, but it would definitely be considered cheap if your car is falling apart or desperately needs new tires. Saving a buck is not worth your life. Instead, check out our list of the best places to buy tires.
Mend Clothes but Don’t Mend Socks
I am happy to fix holes in a shirt or a pair of pants, but if my socks need mending, they can definitely go in the trash. Socks are pretty inexpensive and should be replaced regularly (in my humble opinion) but I’m all about repairing a nice sweater.
Buy High Quality Products for Your Big-Ticket Items
There’s no point buying the cheapest washer at the store if it’s just going to break a few months later. Sometimes it’s worth it to buy nicer products if you know they will be getting a lot of use.
Cancel Your Cable, but…
Instead, purchase fast Internet so you can enjoy shows online. I love watching TV shows online, but it can be extremely frustrating if they take forever to load. Be frugal by giving up the TV but don’t be cheap by having the lowest speed Internet.
What are some other ways that people can be frugal without being cheap?
**Lance’s Two Cents** One reason I feel that some people call you cheap when you think you’re being frugal has to do with the values different people have. If one person highly values new, fancy cars and you don’t value cars at all, you might seem cheap to the new car lover when in reality you just have different priorities.