10 Examples of the Differences Between Thrifty, Frugal, Stingy, and Cheap - A Dime Saved

Recently, a Redditor shared, “I told my mum that I’d rather park in a free zone in the city and walk three minutes to get to the destination instead of pay $15 per hour at a parking complex right next to the location.

She called me stingy. So I asked for examples to differentiate between stingy and frugal. However, all her examples could be both stingy and frugal.

Is there a difference? Sure we can all come up with a fancy definition. But when it comes to giving tangible examples, most people break down.

They can’t provide an example specific to that word. So, give me examples of the difference between thrifty, frugal, stingy, and cheap.” Here are the top-voted responses.

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1. Parking Garage Fees

One user shared:

“Thrifty – you make $15 an hour, so choose to save money and park three minutes away.

Frugal – you make $50 an hour but choose to save money. So you park three minutes away.

Stingy – you make $300 an hour but choose to park three minutes away.

Cheap – you always get your passenger to pay; otherwise, you’re not going.”

2. Seeing the Value

Another noted:

“Stingy: You want to avoid paying for things if you can avoid them, primarily concerning others. They see the value and don’t care.

Cheap: you buy the cheaper things. Usually without necessarily considering the longer-term cost. Off-brand for everything and doesn’t necessarily see the value.

Thrifty: finds ways to find increased value. For example, buy second-hand clothes because they are still in good condition, etc., rather than new, for slightly less money.

Frugal: Find the ways to get the most value out of everything -rolling up toothpaste to squeeze out the last drops. Sees the value and isn’t afraid to spend money but wants the most value.

3. Holiday Examples

A third gave holiday examples:

“Stingy – the limit is $30 on gifts, and you only spent $5, but you get to enjoy your $30 gift.

Cheap – you’ve replaced one of the dishes for Christmas lunch with leftovers from the night before.

Thrifty – you made a nice heartfelt gift rather than spending money on a gift.

Frugal – you’ve used regular red napkins instead of the more expensive Christmas ones that are still red but have stars on them. They’re for wiping hands.

I don’t know where – You brought a container to dinner to take some extra leftovers home with you” sits; probably cheap, maybe stingy.”

4. Using Coffee Economy

Someone suggested:

“Thrifty – make your own coffee.

Frugal – only drinks free coffee.

Stingy – let others buy their coffee but won’t return the favor.

Cheap – only gets free coffee when it’s their shout (turn) to pay.”

5. Using a Beer Analogy

Another volunteered:

“Stingy: goes home before their shout (turn) to buy a round.

Cheap: buys a round of Victoria Bitter when everyone else buys rounds of craft beer.

Thrifty: uses a mates membership card to get 10% off drinks.

Frugal: buys a case and drinks at home instead of going to the pub with mates.”

6. ChatGPT A.I. Response

Another suggested, “This seemed like a good question to ask ChatGPT, so here’s the response:

Thrifty refers to being careful and economical with money and resources. It is a positive term that suggests being wise and responsible with spending and using resources.

Frugal also suggests being careful and economical with money. Still, it can also imply a level of sacrifice or simplicity in one’s lifestyle. A frugal person may be willing to forego certain luxuries to save money or live within their means.

Stingy refers to an unwillingness to spend money or share resources, especially when appropriate. For example, a stingy person may be reluctant to spend money on others, even when it is a kind or generous gesture.

Cheap refers to an unwillingness to spend money, especially on things considered necessary or essential. A cheap person may be unwilling to pay fair prices for goods or services or try to get stuff for free or at a meager cost, even if it is not appropriate or ethical.

In summary, thrifty and frugal suggest being responsible and economical with money. In contrast, stingy and cheap indicate a reluctance to spend money, even when it is appropriate or necessary.”

7. Spending Money Rundown

One user explained:

““Frugal- only spending money on things you need. E.g., bringing your lunch to work instead of buying food every day, taking the longer route to avoid tolls.

Thrifty- spending as little money as possible on things you do need. Like buying second-hand, comparing prices between stores, and waiting to buy things when they are on sale.

Stingy- not spending money on things you need, even if you can afford them. Like going to the dentist or sending your kids on school excursions. Many people suffer because they can’t afford these things. If you can but still withhold, that’s being stingy.

Cheap- wasting money on poor-quality items, buying $5 shoes from Kmart that only last a month instead of $50 on a good quality pair that will last you years, or eating instant noodles for every meal instead of buying food that will give your body the nutrients it needs.”

8. Butter Understanding

Another person used butter to explain their definitions of the terms:

“Thrifty: doesn’t need butter. Note it’s on special grabs one anyway.

Frugal: buys x3 butter purposely on special.

Stingy: needs butter, waits till it’s on special, however many weeks it takes. It insists the kids can scrape enough for a slice of bread off the sides if they try hard enough.

Cheap: use home brand margarine every time.”

9. An Attitude Analogy

Someone suggested:

“Thrifty: being very smart to extract the most value, i.e., buy gift cards from a website that gives rebates X1, get gift card discounts/bonuses from the merchant X2, and get credit card points X3.

Frugal: only want to open the wallet if necessary, i.e., die, sleep on the street, etc.

Stingy: usually towards others, always want to spend the minimum on them without being banned / unfriended / attacked / verbally assaulted.

Cheap: an attitude, wanting to spend the least on everything.”