Frugality
≈ 2 min read
Names in other languages
- 中文弗魯加利蒂 (賓夕法尼亞州)
- DeutschFrugality
- EnglishFrugality
- gaFrugality
- NederlandsFrugality
Article bodies are English and are not machine-translated. A name in another language is not a translation of the article.
's satirical print Temperance Enjoying a Frugal Meal. George III is depicted with patched breeches and a chair covered with protective fabric, eating a simple boiled egg and using the tablecloth as his napkin. Winter flowers fill the unlit fireplace. Frugality is the quality of being frugal, sparing, thrifty, prudent, or economical in the consumption of resources, whether they be food, time, or money. It involves the avoidance of waste, extravagance, and lavishness. In behavioral science, frugality has been defined as the tendency to acquire goods and services in a restrained manner, and resourceful use of already-owned economic goods and services, to achieve a longer term goal.
's satirical print Temperance Enjoying a Frugal Meal. George III is depicted with patched breeches and a chair covered with protective fabric, eating a simple boiled egg and using the tablecloth as his napkin. Winter flowers fill the unlit fireplace. Frugality is the quality of being frugal, sparing, thrifty, prudent, or economical in the consumption of resources, whether they be food, time, or money. It involves the avoidance of waste, extravagance, and lavishness. In behavioral science, frugality has been defined as the tendency to acquire goods and services in a restrained manner, and resourceful use of already-owned economic goods and services, to achieve a longer term goal.
Strategies
Common techniques of frugality include reduction of waste, curbing costly habits, suppressing instant gratification by means of fiscal self-restraint, seeking efficiency, avoiding traps, defying expensive social norms, detecting and avoiding manipulative advertising, embracing cost-free options, using barter, and staying well-informed about local circumstances and both market and product/service realities. Frugality may contribute to health by leading people to avoid products that are both expensive and unhealthy when used to excess. Frugal living is practiced by those who aim to cut expenses, have more money, and get the most they possibly can from their money.
See also
Extreme Cheapskates – American reality television series
References
Text derived from https://en.wikipedia.org/w/index.php?oldid=1375600713 under CC BY-SA 4.0; modifications have been made.