Cheap vs. Frugal - FOX 13 News

Fox 5 I-Team

Cheap vs. Frugal

Posted: Updated:
There is nothing wrong with saving a buck, but can you cross the line?  There is a difference between being cheap and being frugal.  

Let's start with what being frugal means. It's thinking before you buy - not being impulsive.  A person who is cheap, on the other hand, always pays as little as possible no matter what.   Both are good ways to save money, that's for sure, but being cheap, in some cases, can actually cost you money.  So, when should you be frugal and when is it OK to tap into your inner cheapo?

Seasonal clothes:  Go  for cheap especially for the kids. Summer play shorts will get ruined, and besides, they won't fit next summer anyway.   

Gas:  Are you that person who will drive a good distance to get a better gas price? Do the math. It may not be worth the drive. Here's a frugal option:  Download an app like "GasBuddy."  It shows the best gas prices from where you are right that moment then it maps out the distance for you

Home improvements:  While there might be cheap fixes like painting that you can do for yourself big jobs where you really don't know what you're doing ought to be left up to a pro.  And while you want to save a buck don't go so cheap that the quality suffers.

Wine:  Cheap wine is often the butt of jokes, but honestly, in this day and age there are lots of great cheap wines available, especially if you buy in bulk. And the bottom-line is that if you like it then drink it.

Buying in Bulk:  Sometimes you should. Sometimes you shouldn't.  Toilet paper, paper towels and detergent are all good things to buy in bulk, but buying perishable food can be tricky.  You don't want to buy in bulk only to have it go bad.  

Finally, a few more times you want to be frugal rather than cheap. 
  1. Mattresses:  Absolutely, wait for a good sale, but steer clear of a cheap  mattress, if you can.  You won't sleep well and it's not good for your back.
  2. Safety Items:  Don't get cheap on items like car seats or smoke detectors.  It's not worth it.
  3. Cheap Date: That's a big no-no.  Enough said. 
  • I-Team Story ArchiveMore>>

  • Mom confronts Ray McBerry over modeling request

    Mom confronts Ray McBerry over modeling request

    Wednesday, July 30 2014 12:04 PM EDT2014-07-30 16:04:32 GMT
    A twice-failed candidate for Georgia governor found himself face-to-face with a mother furious over what he was trying to do this month with her teenage daughter.
    A twice-failed candidate for Georgia governor found himself face-to-face with a mother furious over what he was trying to do this month with her teenage daughter.
  • Does social media make you spend more money?

    Does social media make you spend more money?

    Wednesday, July 30 2014 8:49 AM EDT2014-07-30 12:49:39 GMT
    The notion of 'Keeping up with the Jones' is not new, but there is a new pressure coming at you. Peer pressure - whether you're 13 or 33 - is a powerful thing. Now throw in social media and you have what an Atlanta counselor calls 'Keeping up with the Jones' on steroids. And if you're not careful that can get costly.
    The notion of 'Keeping up with the Jones' is not new, but there is a new pressure coming at you. Peer pressure - whether you're 13 or 33 - is a powerful thing. Now throw in social media and you have what an Atlanta counselor calls 'Keeping up with the Jones' on steroids. And if you're not careful that can get costly.
  • Unresolved bank errors? Help is on the way

    Unresolved bank errors? Help is on the way

    Monday, July 28 2014 8:11 AM EDT2014-07-28 12:11:30 GMT
    Taking on a big bank, even over something like a minor bank error, can be maddening. You feel like no one is listening. It's like being trapped in a maze you can't get out of, but somebody is noticing how frustrating that can be.
    Taking on a big bank, even over something like a minor bank error, can be maddening. You feel like no one is listening. It's like being trapped in a maze you can't get out of, but somebody is noticing how frustrating that can be.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Back to School Jamboree with Hosea Feed The Hungry

    Back to School Jamboree with Hosea Feed The Hungry

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

  • Big E celebration comes to North Georgia

    Big E celebration comes to North Georgia

    Wednesday, July 30 2014 9:40 AM EDT2014-07-30 13:40:00 GMT
    You know what the "Big E" is, right? Elvis! And the King is being celebrated in North Georgia this weekend! The 11th Annual Big E Fest and ETA Competition happens this weekend in Cornelia, GA.
    You know what the "Big E" is, right? Elvis! And the King is being celebrated in North Georgia this weekend! The 11th Annual Big E Fest and ETA Competition happens this weekend in Cornelia, GA.
  • Does social media make you spend more money?

    Does social media make you spend more money?

    Wednesday, July 30 2014 8:49 AM EDT2014-07-30 12:49:39 GMT
    The notion of 'Keeping up with the Jones' is not new, but there is a new pressure coming at you. Peer pressure - whether you're 13 or 33 - is a powerful thing. Now throw in social media and you have what an Atlanta counselor calls 'Keeping up with the Jones' on steroids. And if you're not careful that can get costly.
    The notion of 'Keeping up with the Jones' is not new, but there is a new pressure coming at you. Peer pressure - whether you're 13 or 33 - is a powerful thing. Now throw in social media and you have what an Atlanta counselor calls 'Keeping up with the Jones' on steroids. And if you're not careful that can get costly.
Powered by WorldNow

FOX 13 / WTVT-TV
3213 West Kennedy Blvd.
Tampa, Florida 33609
Main: (813) 876-1313
Newsroom: (813) 870-9630
Fax: (813) 871-3135

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices