Nowadays, calling someone frugal is more of a virtue, like giving a badge of honor to that person. Being frugal or cheap is sometimes used interchangeably, but the terms have different meanings.
Being overly cheap or extreme frugality without reason and lack of generosity is a symptom of obsessive-compulsive personality disorder (OCPD) by the International OCD Foundation.
2. Motivate Yourself By Knowing Your Goals
It is easier to save or manage money when you have a plan for your future. Determine your short and long-term goals.
3. Prioritize Spending To Improve Your Financial Health
Frugal spenders tend not to be compulsive shoppers, accumulating lots of material possessions to regret.
4. Price Vs. Value
Buying solely on a price basis without regard to quality is a hallmark of cheapskates. Those who are frugal make economic rather than impulsive decisions.