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Difino
| • | Frugality (also known as thrift or thriftiness), often confused with cheapness or miserliness, is a traditional value, life style, or belief system, in which individuals are both restrained in acquiring and in resourcefully using economic goods and services in order to achieve longer and more fulfilling goals. Frugality emphasizes economical use of money in meeting long term personal, familial, and communal desires. Some of the main strategies of frugality are the reduction of waste, changing costly habits, suppressing instant gratification by means of fiscal self-restraint, and seeking efficiency.
Sometimes associated with the concept of frugality is a philosophy in which one does not trust, or is deeply wary of, 'expert' knowledge, often from commercial markets or corporate cultures, claiming to know what is in the 'best' economic, material or spiritual interests of the individual.
The price search website Froogle is a word play on the word frugal.
Source: [wikipedia: frugality]
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