In terms of attitudes towards money and spending, people who want to save funds are divided into frugal and cheap. In this article, we will consider the difference between such people.
A frugal person always knows what he needs first and what can wait. He is also well aware of what expenses should be abandoned at all without prejudice to himself and his loved ones. With such a person, you can be sure that he will always have funds “on hand” when they are needed.
Cheap people behave differently. They will never spend a dime on the little joys of life. For example, going to the cinema or a restaurant, which, by the way, has long ceased to be a luxury. He looks with contempt at people who allow themselves to enjoy every minute they live.
100 Reasons Why You Shouldn’t Spend Money
A cheap person shudders even at the thought that his money may decrease. He is ready to come up with any excuses, to give cunning arguments, just to stay with his full wallet. Even the necessary expenses cause mental discomfort.
A frugal person behaves in a completely different way. Any spending is a joy for him because he knows that he will not buy anything extra anyway.
Avoid Spendings Instead of Planning
A stingy person does not want to spend money even on himself and talk about others in vain. At the same time, he considers himself hyper-economical and the fact that he is greedy irritates and incredibly offends him.
The same cannot be said for a frugal person who plots income from a forex regulated broker and expenses using effective planning tools. He makes a list of the necessary goods and services for which a specific amount of money needs to be spent. The rest always successfully goes into the “family piggy bank”.
Turning a Home into a Warehouse
It is difficult for a cheap person to a part not only with money but also with things that have long passed into the rubbish. As a result, he accumulates a whole bunch of unnecessary items, clothes, shoes, and other household items that he does not need at all because he has not used them for a long time.
Frugal people don’t behave like this. They will never buy things that will not be used because it is better to buy something more suitable and useful.
Money Is Spent Even More Often
Cheap people often get into trouble because of their desire to purchase a product or service at the lowest cost. At the same time, he is only interested in price, and quality fades into the background. Given such an irrational approach, the cheap person gets a lot of trouble with the option he has chosen, which leads to repeated costs.
A pathologically cheap person begins to save on everything to the detriment of his health, comfort, happiness, and love. He wants to accumulate as much money, expensive things, precious metals and stones as possible, while he does not want to share with anyone.
If a person realizes that his cheapness has grown into a big problem, he will need to make certain efforts on himself to get rid of this insidious feeling:
And most importantly: it is necessary to remember that everything is in the hands of man. If you learn to control yourself, then no cheapness will prevail over other, more necessary feelings.
Thus, a frugal person spends resources thrifty and treats material and spiritual wealth with care. Frugality helps you achieve more by keeping small.
Emeh Achanga,the CEO of the Miss Petite Nigeria Brand is a lawyer turned blogger. She is very passionate about writing, with several publications and awards to her credit .She is currently working on publishing a collection of short stories which are basically a memoir about her exciting true experiences.
