Found some of these points on the difference between being frugal and cheap interesting and may also help us in our lives by knowing where to draw the line between being frugal and just cheap, which would help us in managing our own daily expenses. Frugal People look at value, Cheap People look at price People who are frugal aim to get the largest value for the cost. This includes the cost of time, money, energy, etc. On the other hand, cheap people use price as a bottom line, regardless of quality, effort needed and time taken to acquire it. Being cheap in a way leads to tunnel vision as you start focusing only on one metric, the price. Being frugal is about using your available resources to their fullest potential to get the greatest value in return. Spending extra money for a quality item ......