In response to my recent post about splitting expenses with friends, one commenter wrote that there is a fine line between cheap and frugal. I happen to agree.
For example, when dining in a group, I recommend that each individual calculate tax and tip based on what they ordered, but I would never dream of leaving less than a 18 percent tip on my tab, unless service was abysmal. I skip the drink order and stick to an appetizer to save money myself, but saving money at the expense of the wait staff or my other friends by failing to account for taxes or “forgetting” to leave a tip would just be cheap. Here are five more key differences between cheap and frugal:
1. Cheap and frugal people both love to save money, but frugal people will not do so at the expense of others.