Chelsea Fagan, CEO of The Financial Diet, makes no secret of the fact that she used to be cheap. She also says that she no longer is — but she is frugal, and that’s much better.
“Cheapness is really a completely separate concept from frugality,” Fagan said. “Often, those two things are conflated, especially when people are trying to get good with money. But I think that’s ultimately to our detriment.”
