Comment on Frugal or Cheap? by Investment Hunting.
Frugal is a good thing. To me frugality is about taking advantage of discounts and sales where applicable and not wasting money on frivolous items. Not necessarily buying the cheapest items, but quality ones at the right time. A lot of times cheap actually cost more. Take laptops for example. A cheap person buys the lowest price piece of junk laptop and ends up replacing it every year due to breakage or poor performance, whereas a frugal person buys a high-end laptop on sale and uses it for five years.