Yesterday I contributed to the Washington Post blog Small Change, which wanted to know the difference between being frugal and cheap. Here’s my take:
Being frugal is making choices to conserve money in your own life, like riding a bike instead of driving, renting a movie instead of going to the theater, brown bagging your lunch instead of buying it.
Being cheap is forcing your frugal choices on others: buying a gift on sale even though it is the wrong size for the recipient or insisting on ordering the cheapest bottle of wine at a restaurant.
Being frugal feels good. Being cheap leaves a bad taste in your mouth (and it ain’t the wine)!
What’s your definition?