Filed under: SpendingWhat's the difference between "frugal" and "cheap?"
While there are many ways to answer this question, here's one popular response: cheap people look for the cheapest option, while frugal people search for the overall best value.
In fact, there are times when you might save more money in the long run by purchasing something more expensive upfront. Here are six reasons why it might be smarter to spend on a pricier item or service than the cheapest option.
Paula Pant quit her office job in 2008, traveled to 32 countries and became a successful real estate investor. Her blog Afford Anything is the groundswell of a rebellion against standard, tired old financial advice that says you should skip lattes and chain yourself to a desk for 40 years. Afford Anything is dedicated to crushing limits, creating riches and maximizing life.