To become independently wealthy, being both frugal and cheap plays a big part in that. These types of qualities should be key points in your
personal finance.
Cheap people choose the lowest price selection all the time, while frugal people go for the product with the better value so that their money was
spent sensibly.
Cheap mainly depends on the price while frugal focuses more on value. To be cheap has a sole purpose: to save money regardless of the quality and often at the expense of others.