Why it might pay to be cheap | Best New Ideas in Money

Cheapism is on the rise thanks to apps and social media, and a new generation of penny pinchers is chasing more than deals.

Hosts: Stephanie Kelton & Charles Passy
Illustration: Jesse Harp
Animation: Peter Harp

#MarketWatch #BestNewIdeasinMoney #Podcast

[Erin-rgdw]

I think they need to define the difference between frugal and cheap. Most people living on the edge financially are frugal - they do extra little things to save money. Cheap people are the ones that other people don't like. Frugality can help you live a more simple yet fulfilling life and reach financial goals.

[fabienmorningstar]

Something Americans need never worry about is having too many frugal people. On the contrary we have the opposite problem, we are a nation of debtors. Chained in an endless cycle senseless consuming.

[thekongstocks]

“Minimalism” — a lifestyle of living w/ less, cutting down on excess and being content w/ simplicity

[Foxyfreedom]

I prefer the FIRE movement. It’s about not buying crap and investing in your future.

[DoubleYouWhy_]

Hmm, quite an unfortunate usage of an asian character to depict being "cheap". Reinforces negative stereotypes and the like. Quite out-of-touch to not even realize the implications of the graphic.

[dannnsss]

Why a ninja... as in Asian? This is just reinforcing a 'negative' stereotype...?