Being frugal means spending wisely, maximizing your money’s worth, knowing your personal finances’ priorities, thinking prospectively, and to save money with a purpose or objective. But more than that, is being happy with what you own and to have an abundance mentality.
This means, assuming your financial position as one that allows you live content and to provide for your loved ones.
On the contrary, being stingy means cutting off spending in detriment to your wellbeing and mental health, having neither financial priorities nor objectives, thinking in the present moment, and saving money in a compulsive manner without any purpose.
Stingy people are usually unhappy, have a scarcity mindset, and are unable to share and establish a bond with anybody as their own warped financial preoccupations absorb them.