Being frugal throughout your life is key to building and sustaining wealth, but being cheap is a whole other ball of wax- and there is a huge cosmic difference between the two! But what is it? And who decides? Fabulous & Frugal takes a look at a variety of social situations to determine the difference between being cheap or frugal. Here's what we discussed this week…
Cheap vs Frugal: Any Interest?
Our friend Joan was in a tough situation. After several electrical mishaps, she found out her entire home needed to be rewired. The cost itself was shocking - $5,000! She didn't have the cash, and didn't want to resort to credit cards, so she turned to family - namely her cousin Molly - and asked her for a loan until the end of the year.
Molly immediately said yes - of course - she would be happy to help! Thankfully she was in a position to loan Joan the money, and Joan wasn't just family, but a dear friend. So far so good, right?
Molly, being ever theRead More »from Cheap vs Frugal: Any Interest?