As we all learn to live on a budget, there is a fine line between being financially smart while watching our money and being flat out cheap.  Think about the last time you tried to save a few cents or a few dollars.  Were you clipping coupons or cutting financial corners?  When we try to save money every month as we buy groceries and shop for our necessities I wonder…are we being frugal or cheap?

I personally don’t ever want to appear to be broke even when I have under $10 to my name until the next pay day.  How can I be frugal without appearing to be cheap?  Here are some tips to try and separate being frugal from being cheap.

Being Frugal                                                                                               Being Cheap

Buying frozen appetizers in bulk for 2 parties            Bringing half eaten leftovers to a party

Ordering an appetizer as your meal                                Picking food off of your friends plate

Eating at home before the movie                                     Sneaking popcorn into the cinema

Drinking alcohol at home before you go out               Expecting other to pay for drinks all night

There are several ways that we can stretch out our money so we get the most out of our spending.  Here are some ways to be financially frugal without being cheap.

Cut coupons.  Don’t be ashamed to bring a coupon for every single item you buy. Sign up for online coupon websites and look through your weekly flyers.

Shop around before you buy.  One stop shopping is a thing of the past. Look through the weekly online and print flyers to plan your purchases. We may have to visit a grocery store, a pharmacy, and a hardware store for our weekly purchases.  It’s ok, as long as we save more money on our purchases than we spend in gas.

Don’t buy name brands.  It is ok to buy no name or house brand products.  We shouldn’t be name brand snobs.  Usually we can’t even taste, see, or feel the difference between a name brand and a no name or house brand product.

It doesn’t matter who is watching. Don’t be ashamed to shop at discount stores such as Target, K-Mart, Wal-Mart, and the Dollar Store.  They do have some good quality products that are definitely overpriced at other stores.

Photo By LomoCam

_{»crosslinked«}

Be Sociable, Share!

• 

• Saving Tons of Money Series-- The Power of Passive Savings Our next series is about to begin and I'm here to jump into the topic of saving lots of money. The first area that I wanted to cover with saving money is the power of passive savings. These days everyone is searching for get rich schemes and the newest way......
• Marriage and Money: Automating and Free Bill Pay This series was inspired by the recent marriage in our family. I organized some information with my brother in law and new sister in law in mind. If you find these tips to be useful, please share them. Congratulations on getting married. I hope you have a happy and long......

• Media Center Workout (and Personal Finance Links) This weekend I got the media server that I recently talked about online. The timing was pretty good. Due to the Celtics and Red Sox putting a hurt on the Magic and Yankess respectively last Tuesday, I had missed the beginning of Glee. I had grudgely mentioned that I watch......
• Roundup for the Week of 11.29.10 It's time for another roundup of great articles from the previous week! Yakezie: The Yakezie Network includes some of the top personal finance blogs around! Today is the last day to enter the Yakezie Scholarship. So, please head over and read the details. If you qualify, then please apply, if......