Thriftiness: meaning, definitions and examples

Situations where someone is showing good management of money and resources without being overly restrictive. It has a positive connotation.

• Her thriftiness allowed her to save enough money to travel the world
• Thriftiness is a valuable skill in managing personal finances

Emphasizes the careful use of financial resources, often by avoiding unnecessary expenses. Generally, it has a positive connotation.

• Her frugality was evident when she opted for a homemade lunch instead of eating out
• Frugality can help people build a significant savings over time

Broad situations involving general financial management, both personal and large-scale, like managing a country's resources or one's household budget.

• The government's economy policies aimed to reduce the national debt
• Practicing good economy at home can help save money for future needs

Describes extreme unwillingness to spend money or use resources; often considered a negative trait.

• His parsimony was evident when he refused to tip the waiter
• The company's parsimony led to poorly maintained equipment