Cheap and frugal: two traits that are often confused. Let’s use me as an example to demonstrate the difference. Embracing frugality allows you to live a wealthy life without being cheap . I am a frugal person. My mantra throughout adulthood and into retirement has been based on maintaining a budget and living within my means. I save when I can, which allows me to spend on my needs and wants . Practicing frugality doesn’t always mean sacrificing. I eat out, take vacations, i
