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?