What we obtain too cheap, we esteem too lightly
Thrifty: Buying Items That Are on Sale
Cheap: Only Buying Items That Are on Sale
When people cross the line to cheap, however, is when they refuse to buy anything that isn't on sale. This can often backfire by causing you to buy things that might be of lower overall value or that you wouldn't have even considered buying otherwise. You may find yourself spending more than you would have had you just purchased what you needed. It can also put shoppers out of touch with the value of what they're getting for their money - and isn't that what thrift is all about?
Thrifty: Tipping According to Service
Cheap: Never Tipping at All
Thrifty: Putting Money Aside for Savings
Cheap: Saving Everything and Living on Nothing
Living a very Spartan lifestyle can a great way to achieve a big goal, but it's no way to live. If you're working toward retiring early, buying a house or taking time off work to spend with family, travel or pursue other goals, digging deep to make this happen just might be worth it. But if you find yourself saving nearly every penny and scrounging to make ends meet, it may be time to ask yourself just what you're saving for. If you don't have an answer, you've probably gone too far.
Thrifty: Taking Advantage of a Good Deal
Cheap: Stealing It from Your Neighbors
The Bottom Line
Nothing wrong with wanting the best deal available...who doesn't?
However, it is possible to go too far...and this can definitely be a turn off rather than an asset. Like the article says there is a fine line between being thrifty and being downright CHEAP!!!