Have you seen the show Extreme Cheapskates? It’s a showcase of radical penny-pinching like using one light bulb for the entire house or hand-washing your clothes in the bathtub while you are showering. Being frugal simply means getting the most out of whatever money you have. Being cheap is more the fear of spending, which can actually cost you in the long run.
Check out CommunityAmerica Savin’ Maven Kat Hnatyshyn’s most recent post on The Kansas City Star’s Dollars & Sense blog where she offers some reasonable alternatives to these more extreme lengths. Eventually we all get what we pay for.