3382: Frugal or Cheap: How to Tell and Why it Matters by Vicki Cook and Amy Blacklock of Women Who Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 10 December 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3382: Vicki Cook and Amy Blacklock break down the subtle but impactful differences between being frugal and being cheap, helping you assess whether your money-saving habits align with your values or if they may be costing more than you think. Learn how mindful spending can preserve relationships, support long-term goals, and still keep your finances in check. Read along with the original article(s) here: https://womenwhomoney.com/frugal-or-cheap-how-to-tell-why-matters/ Quotes to ponder: "Frugality means your spending decisions are aligned with your priorities and values, not going without or suffering because you lack things you need." "Being cheap is being selfish with your money." "Trying to save money can be a real challenge and there may be times where you find yourself being cheap instead of frugal." Episode references: BeFrugal: https://www.befrugal.com Ibotta: https://www.ibotta.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:14.9	frugal or cheap how to tell and why it matters by vicky cook and amy blacklock of women who
1:21.7	money dot com whether you just embrace the concept or you've had a focus on becoming financially independent
1:28.7	for years, you're building good money habits and saving for the future. In order to save more,
1:34.6	you may be tracking expenses, using a budget, working side hustles, or adopting a minimalist
1:39.8	lifestyle. You may even do all of those and more. But with a laser focus on saving, it can be hard
1:46.7	to spend, and some people always struggle with spending their money. Questioning each purchase,
1:52.7	working more hours, and adjusting how you live can help you reach your goals faster, and others
1:57.6	may take notice. You call yourself frugal, but friends or family members might call you
2:03.1	cheap instead. As you seek out great deals and practice savvy spending, they tell you to live a little
2:09.5	because they don't think twice about spending money. Then you begin to question yourself,
2:14.7	am I frugal or cheap? You embraced frugality, but the label cheap makes you
	...

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