I definitely agree that a frugal attitude is essential for success. But I'm reminded of a great article on "I Will Teach You To Be Rich" called Cheap vs. Frugal

I definitely agree that a frugal attitude is essential for success. But I'm reminded of a great article on "I Will Teach You To Be Rich" called Cheap vs. Frugal. http://www.iwillteachyoutoberich.com/blog/cheap-versus-frugal http://www.iwillteachyoutoberich.com/blog/cheap-versus-fruga... Being cheap means spending as little money as possible often ignoring quality and efficiency. Now frugal, might not necessarily be the cheapest but it is the best value. From the article above: "Cheap people think short term. Frugal people think long term."