Living within your means is a smart way to manage your finances, but it can be challenging to balance frugality and thriftiness. While both terms refer to saving money, they have different meanings and implications. Frugality is the act of being economical with your finances, cutting back on expenses, and living below your means. Thriftiness, on the other hand, is the ability to find value in purchases and spending wisely. It’s about getting the best bang for your buck without sacrificing quality. It’s important to understand the difference between the two in order to make the most of your budget without compromising your lifestyle
