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Definition of Thrifty

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Definition of Thrifty

Thrift is often described as being a penny-pincher or, in another word, cheap. Not all who live frugally are cheapskates, though. Working to get the most for your dollar is increasingly popular in the new global economy.

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    1. History

      • Frugality has its roots back to the dawn of man. Reusing items, bartering and haggling for the best prices is a practice that has been around forever.

      Misconceptions

      • Those who look for the best deals might not just be cheap. Thrift is a way for people to save and prioritize their money and purchases so they can enjoy better items or even pay important bills.

      Effects

      • Getting the most for your money allows you to grow your savings, have money for emergencies and be responsible. Thriftiness helps reduce waste and produces benefits for the environment.

      Warnings

      • Not all thrifty or low-cost products are safe. Some items are made cheaply and with low-quality materials which can be hazardous.

      Fun Fact

      • Freegans are a group of people who are extremely thrifty. They get most or all of their food and furnishings from dumpsters or other places where people discard items.

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