ARE YOU FRUGAL, OR JUST CHEAP?

(June 2015) What’s the difference between being frugal and being cheap? Richard Meadows, who writes for Business Day in New Zealand, says frugality involves saving money through simple living, self-control, and smart buying. By contrast, cheapskates save money at the expense of others. For example:
– Not owning a car is one of the best frugal decisions you can make. But constantly begging rides from friends without offering gas money is cheap.
– Buying or re-gifting a crappy present for a loved one is cheap. Making one from hand, or hunting for the best deal, is frugal.
– Bringing household trash to work to throw out. That’s cheap.
– Recycling dental floss is cheap.
– If you drive 20 minutes out of your way to save 2 cents a gallon on gas, you’re cheap.
* PHONE TOPIC: What do you do that is extra-frugal – or are you just being cheap?