Are you Frugal? Are you Cheap? What’s the difference?
I’ve discussed what it means to be frugal, and I’m happy to live a frugal lifestyle, but some people seem to think that just because you are Frugal, you are Cheap, and that just isn’t accurate.
I need to clarify here, the kind of cheap I mean is of “low quality, or little value”, not “of little cost”, since if you follow this blog, you know that I try to find low cost items to help save on my monthly budget. Finding something for low cost and high quality is the best deal.
Focus on Quality
As I try to live a frugal lifestyle, shop smarter, and manage my budget, I need to determine what is worth spending. Quality should not be forgotten in a frugal lifestyle. Thought: If you only buy cheap products, that do not last, break easily, are unhealthy, or taste bad- are you really spending money wisely?
The truth is that some items may cost more than others, but because they are of a high quality, they will last longer and therefore be a better deal. Just because I’m frugal, doesn’t mean that I skimp on quality. On the contrary, since I have been using coupons, I actually purchase many more name brand products than I used to. This is one of the main reason that I don’t buy generic any more.
Of course, I didn’t always have this thinking: I used to want to spend the lowest amount, but started realizing that I was spending more on replacement parts/products, or maintenance, that it really wasn’t worth the few dollars saved initially.
Not Just for Couponing
Being frugal isn’t just about coupons, though. It is about knowing your resources (time, money, etc), managing them effectively, and planning purchases to maximize savings with quality. When I am able to save 90% on my drug store purchases (or 65%-70% on grocery sales), it allows me to save my money and/or spend in other areas like a family vacation, pampering, or other nicer products that we wouldn’t have the money for without our frugal lifestyle.
To me, being frugal is about being smart with your money. You should not feel obligated to buy the cheapest products just because you want to be frugal. Rather, you should focus on what will be the smartest choice for your money, your lifestyle, your family, and you.
You can read more on this topic by Consumer Queen at Misconception of Savvy Shoppers!
What are your thoughts? Do you find yourself buying cheap products? What quality products are worth spending more on?
Follow more frugal conversation at Frugal Friday!
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