Thread: Frugal Vs Cheap
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Old 06-18-2009, 08:14 AM
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Quote:
Originally Posted by ktmarvels View Post
For me being frugal is more about getting a good value on things whereas cheap is merely paying the lowest price.
This topic pops up around here every few months. I agree with the above and what BA said.

Frugal means being careful with your money and getting good value.
Cheap means spending as little as possible no matter what.

Example: We started married life with some hand me down pots and pans. Then we got a pretty inexpensive set, maybe $50-60. That lasted a few years and gradually wore out. We got another inexpensive set, lasted a few more years. Finally, about 3 years ago, we went out and bought a high quality set for about $350. We use it daily and it still looks brand new. It will probably be the last set we ever buy. What we did before was cheap. What we have now is frugal. Looking back, it would have made more sense to buy the $350 set 15 years ago (when it was probably only $250).
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