Responding to When Someone Calls you Cheap

//Responding to When Someone Calls you Cheap

Responding to When Someone Calls you Cheap

The other day I was talking to a buddy and he called me cheap.  It wasn’t anywhere near the first time that this happened, nor will it be the last.  I don’t usually take much offense because I am comfortable with myself and my spending habits, but for whatever reason this simple conversation got me to thinking about “what makes someone cheap?”  I think it becomes a deeper conversation than what is someone’s monthly nut.

Why am I considered Cheap to Some?

I have struggled with the idea of value for years, but I think it is applicable in this conversation once again.  Maybe I am biased but I think most people’s definition of cheap would be,

A person that doesn’t want to spend a lot of money and is vocal about it

If that is the definition people want to accept I may fall into this category as I often have problems spending money on stuff, but I think that is because I don’t value a lot of what other people do.  Notwithstanding, for anyone that reads my very candid spending reports, I do spend money lol too much for that matter.

So I think I have come up with the “I Have Been Called Cheap Response.”

How to Respond When People Call You Cheap

My problem is that when I am being called cheap it is either because I am in the middle of someone trying to get me to spend my money on something I don’t value or when I am trying to make every dollar that has to go out be that much more efficient.  As such I have came up with a creed sort of response

  1. I won’t spend money on things I don’t place value on
  2. I want my fixed costs to be efficient
  3. If your value is misplaced that doesn’t mean I have to spend more

and I am willing to complain or voice my opinion if expected to break those three rules.  Unlike one’s biblical creed these rules are flexible only because the words that they are built up on are malleable.

For example, if we take the same exact restaurant I am willing to spend more there at certain times or flat out reject going to there if the setting isn’t what I am looking for at that exact time.  Another example is going out for drinks – on a Tuesday night I am less willing to spend less per drink then I am on a Friday night even if I am with the same people.

 

 

Have you been called cheap? Does it bother you? Do you think the creed covers it all?

By | 2013-09-26T14:56:17+00:00 April 9th, 2012|Personal Finance|34 Comments

About the Author:

Evan is the owner of My Journey to Millions which was started to track his journey from a broke debt ridden law school graduate to building a positive balance. Need more Evan? Follow him on Twitter, Contact him or get new posts directly to your email

34 Comments

  1. Daisy April 9, 2012 at 9:39 am - Reply

    I don’t know that I’ve been called cheap. Maybe I have, jokingly, but I’m okay with it. I think it’s all relative, some of us like spending on some things while others have an aversion to it.

    • Evan April 19, 2012 at 3:44 pm - Reply

      I would guess more people like spending lol

  2. Jeff April 9, 2012 at 1:43 pm - Reply

    people dont really call me cheap, but that’s mainly because I try not to talk finances with people too often. Some of my friends know about my site and know what I write about, and they’ll ask me questions from time to time, but usually I shy from talking about it, because I dont want to sound preachy, and they probably dont want the advice that i’ll eventually tell anyway

    • Evan April 19, 2012 at 3:44 pm - Reply

      I am curious, though, are you surrounded by friends who are also into sustainability?

  3. Aggie April 9, 2012 at 1:55 pm - Reply

    I don’t think I’ve ever had anyone call me cheap except myself. I am cheap when it comes to certain things but overall no one would notice by my spending habits where I cheap out.

    • Evan April 19, 2012 at 9:01 pm - Reply

      Wow 3 in a row maybe I am the outcast?!

      What are the areas where you do cheap out?

  4. Don April 9, 2012 at 2:26 pm - Reply

    I am an odd duck that way in that I instantly translate cheap to mean frugal (as it applies to me) and actually say “Thanks”.

    Of course, I’m joking when I say “thanks”, but really I like being considered frugal 🙂

    • Evan April 19, 2012 at 9:08 pm - Reply

      Interesting way to look at it, MR. Makes a lot of sense. I automatically get defense since I don’t think I am cheap I just don’t feel the need to spend to impress others…and maybe I am too self conscious of it

  5. retirebyforty April 9, 2012 at 2:47 pm - Reply

    Hmmm. I haven’t been called cheap in a long time. I guess I don’t hang out with those people much anymore.

    • Evan April 19, 2012 at 9:10 pm - Reply

      Do you hang out with people that have the same early retirement views as you?

  6. Jenna April 9, 2012 at 4:37 pm - Reply

    I just tell people I want to spend money on things I value more than whatever they want to do. Like eating out for lunch and ask for a compromise, like eating at the food carts so no one can tell I brought my own lunch.

    • Evan April 19, 2012 at 9:13 pm - Reply

      Food carts? What are those? Like food trucks? We don’t really have them on Long Island

  7. krantcents April 9, 2012 at 5:04 pm - Reply

    Being called cheap doesn’t bother me. I view it as a badge of courage. The person calling you cheap doesn’t really understand its meaning anyway.

    • Evan April 19, 2012 at 9:14 pm - Reply

      You might be right, I think generally it is a subjective term

  8. Glen Craig April 9, 2012 at 8:29 pm - Reply

    Yeah, I’ve had similar experiences in being called cheap. It’s usually when someone wants me to do something they are spending money on or want me to get the same thing as them.

    But the thing is, I spend money on things I want that I know will last and bring me enjoyment – or value. But when I’m called cheap people don’t see that.

    It’s very interesting. Have you noticed that those calling you cheap also tend to spend freely and don’t have much of an idea of where there money is going? That’s my experience.

    • Evan April 19, 2012 at 9:15 pm - Reply

      Glen, my experience is the EXACT SAME! scarily close lol

  9. AverageJoe April 10, 2012 at 5:14 am - Reply

    I haven’t been called cheap. I’ve found many people who are called “cheap” are given the moniker not because of spending on themself, but because of their spending on other people. My uncle is cheap because he’ll spend tons of money on himself but his kids never get anything. If he didn’t spend much on himself either I think he’d be considered frugal.

    • Evan April 19, 2012 at 9:20 pm - Reply

      Interesting distinction. I actually think your Uncle should be thought about in terms of selfish and giving

  10. Marie April 10, 2012 at 1:51 pm - Reply

    I’m sure I’ve been called cheap as I’m very vocal about my goals. I will tell people that I don’t want to buy something because I really want to get out of student loan debt. I am prickly about it, though! The other side of the coin is people trying to justify their purchases because they know I’m frugal. Like they’re asking me to be okay with something. That’s when I feel bad, because am I proselytizing and making people feel guilty?

    • Evan April 19, 2012 at 9:22 pm - Reply

      How much student loan debt to you have left?

      I rarely talk about money with most of my friends…everyone has different goals and priorities it rarely will work out well.

      • Marie April 20, 2012 at 1:10 pm - Reply

        $6,300, and it’ll be paid off by March. I’m throwing as much money as I can on it, since I can’t get almost 5% return anywhere else.

  11. eemusings April 10, 2012 at 7:26 pm - Reply

    Only by my partner. He’s joking (well, at least partly). Nobody else has ever been rude enough to call me cheap for real.

    • Evan April 19, 2012 at 9:24 pm - Reply

      When you guys reach your joint goals you can remind him how you guys got there!

  12. The Wife April 12, 2012 at 7:59 am - Reply

    I know we have talked about this ALOT but I think you hit the nail on the head. It’s all about what you value as important. I might be cheap because I drive a certain car over another…but someone else might think we are ridiculous cause we lease vs. buy an older less expensive car. People may call me cheap because I like to eat at Friday’s over a nicer restaurant…but for me, I am just as happy at that restaurant than another. It’s what the individual puts value on.
    I like what someone said above..I like the word FRUGAL better…sounds better 😉

  13. Niki April 13, 2012 at 9:47 am - Reply

    When I think someone is “cheap,” I think it because they are taking advantage of something – a service, a good – and after the fact, are unwilling to pay their fair share. Like when you all go out for dinner and that guy orders a drink and a $15 plate, and puts only $15 in, allowing others to cover his tip, tax and drink charge. If he wanted to pay only $15, he should have ordered a cheaper plate.

    That’s cheap.

    PRE-empting overspending – that’s wise.

    • Evan April 19, 2012 at 9:27 pm - Reply

      Hmmmm I think I may steal that “Preempting overspeading” I love it!

  14. IIW April 13, 2012 at 9:22 pm - Reply

    I like the way that Niki put it, and I see it the same way. “Cheap” to me doesn’t mean spending less on what you don’t value, it means taking out more than you put back in, and on a consistent basis.

    • Evan April 19, 2012 at 9:29 pm - Reply

      Yeah I like how Niki put it also. I also like how you said taking out more than what you put in rather than the normal way people look at it – just not putting more and more “in”

  15. Jerry April 15, 2012 at 5:19 pm - Reply

    I think there is a difference between cheap and frugal. I don’t like the connotation with cheap because it leads to people thinking things about me that aren’t true. I feel like cheap assumes you don’t care about others. That’s not the case. But frugality is insurance for your future. Just my thoughts.

    • Evan April 19, 2012 at 9:32 pm - Reply

      The connotation is the worst part of it for me.

  16. Roger April 16, 2012 at 8:52 pm - Reply

    I haven’t been called ‘cheap’ myself, although I also haven’t been the most frugal that I could be, so perhaps I simply haven’t been ‘cheap’ enough to deserve the title. I think your creed is pretty solid, although your last point is pretty much asking for trouble from whomever you are talking to.

    • Evan April 19, 2012 at 9:34 pm - Reply

      #3 or my last paragraph?

  17. The Money Mail April 22, 2012 at 2:03 am - Reply

    it certainly is annoying when people would want you to shop according to what values they place on an object. Values are highly subjective and it should be completely acceptable to others if the value I place is different from the value others place on the same object.

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