What’s The Difference Between Frugal and Cheap?
It has been said there is a fine line between being frugal and being cheap. Frugalness is perceived as an admirable quality. Cheapness is not. Tell your friends you saved a bunch of money on car insurance by switching to Geico and they’ll all be patting you on your back. Tell your friends you are saving a bunch of money on car insurance because you decided to cancel your policy and everyone will consider you a cheap-ass. Don’t be a cheap-ass.
What is the difference between frugal and cheap and how do you toe the thin line between the two without crossing over to the cheap side?
You can rent just about anything these days from the rent-to-own businesses: sofas, dining room sets, mattresses, refrigerators, televisions, laptops, stoves, washer and dryer sets, and more for the low monthly fee with no credit checks, down payments, or even bank accounts needed.
Are you thinking of starting your own blog? Whether you are looking to start a blog as a hobby or to maybe to earn some extra money, you should consider self-hosting your blog.
When companies compete, customers win. This is no different in the financial services industry. Last month Vanguard fired their shot with an announcement that in August they will be offering nearly 1,800 ETFs commission-free for all online trades on their platform. Now Fidelity has responded with one of their own and it’s a doozy. This is a huge win for investors.
First of all, if your father is Warren Buffett then you can disregard everything I say in this blog post. For the rest of us, giving your parents all your money to invest for you is a bad idea. It’s not bad because I’m saying your parents are going to steal your money or go invest it all on pumpkins. Our parents have our best interests at heart, but they are actually making it worst for their children.
No one really plans for it when they buy a new motorcycle, but with only two wheels to keep it upright, gravity is a motorcycle’s worst enemy. When a simple tip-over can cost hundreds to thousands to repair, many of us think about adding frame sliders to our motorcycles for protection.
An exchange-trade fund or ETF is a basket of securities that tracks a particular index, bonds, commodity, or asset class. First created in 1993, ETFs have grown to over 2,100 funds available today just in the U.S., and over 6,000 funds worldwide containing over $4.5 trillion in assets.
For many people, they rarely think about their tires unless they get a flat tire. Then it becomes a major inconvenience. Instead of ignoring our tires until there is a problem with them, we need to pay more attention to the condition of the tires that are on the car because we have a lot riding on them. I’m not talking about the car itself. Cars are replaceable, but your life and your family’s aren’t.
We all like to think we are great multitaskers. We brag about it to our friends, family, and coworkers because it shows that we are doers. When faced with many challenging tasks, we get things done and get rewarded for it with praise, raises, and a sense of completion.
The Federal Reserve has been increasing interest rates as the economy has been getting stronger. Yet the rates on your savings account at the local brick and mortar bank is still holding steady at a fraction of a percentage. You go online and see online savings and money market accounts offering rates over 150 times higher.