Last week, Ruth wrote about Frugality’s bad image and how to re-image it in your mind. People unfamiliar with the frugal life think of being frugal as dull, weird, depriving and cheap. But those of us who “get it” know differently. We know that there is a HUGE difference between “frugal” and “cheap”. These four comparisons will put to bed any argument about whether you are frugal (we like to call it “Fruclassy”) or whether you are cheap. Share them with the doubting Thomas’ in your life, my frugal friends! By the way, not judging here, just stating the facts. Fruclassity is a judgment-free zone. 🙂
“Cheap” Hordes Money, “Fruclassy” Simply Spends Wisely
Cheap people save for the purpose of hoarding money. All of their cheapskate actions show it. They dumpster dive for groceries for guests, pee in bottles and shower infrequently. Whatever they need to do to make their stockpile of money bigger is okay with them.
Fruclassy people, however, refuse to spend because they know they can make a wiser use of their money. They’d rather cook a meal at home than eat out, because they know that’ll leave them more money for their dream of eating at a fine restaurant in Paris. Or they’d rather forego cable TV and save up to take a trip to see a World Series game in person.
Whereas cheap people save money for the purpose of having more money, Fruclassy people save money for the purpose of having something better based on their own personal goals.
“Cheap” is Based in Fear, “Fruclassy” is Based in Action
Cheap people often live a life based on fear. They justify their non-spending with “what-if” scenarios that may or may not ever come to pass and are short-term thinking savers. What if there’s an economic meltdown? What if I get laid off? What if there’s a zombie apocalypse?
Fruclassy people live with an action-based mindset. They have specific goals and think positive and long-term. They acknowledge the possibility of “what if” scenarios without letting those possibilities dominate their thoughts. They dream of debt freedom, early retirement and financial peace and take action-based steps for managing money, whereas cheapskates simply prefer to shove their money in an account (or a mattress) and deny the reason for its purposes.
“Cheap” Hails Money as a God, “Fruclassy” is About Being Dominant Over Your Money
Whereas cheap people put money and saving it above most everything, Fruclassy people take control over their money and treat it as the tool that it is. They dominate their money and spend it or save it according to their goals, whereas cheapskates allow their money to dominate them.
“Cheap” is About Taking, “Fruclassy” is About Giving
Cheap people rarely think about giving. Their hoarding mentality is based on making sure there is more than enough for themselves, and they have little regard for others. Think about the parable of the rich fool in Luke 12 who had more than enough crops to sustain himself for a lifetime, yet instead of sharing the excess with others, he built himself bigger barns to hoard all of it.
Fruclassy people, on the other hand, see the value in giving of their time and their money. They have goals for using their money to make a difference in the world and to help others. They see their money as a tool to make the world a better place.
So, the next time your friends harass you for not piddling away your money, show them this post and stand tall, you Fruclassy person you!
Are you cheap or Fruclassy?