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Spendthrift derives from an obsolete sense of the word thrift to mean prosperity rather than frugality, [1] so a "spendthrift" is one who has spent their prosperity. [2] Historical figures who have been characterised as spendthrifts include George IV of the United Kingdom, [3] [4] King Ludwig II of Bavaria, [5] and Marie Antoinette the Queen of ...
The word frugal is often equated with meaning cheap or thrifty. Though this may sound negative in some contexts, mostly it is about making savvy, if at times sacrificial, financial decisions.
Frugality is the quality of being frugal, sparing, thrifty, prudent, or economical in the consumption of resources such as food, time or money, and avoiding waste, lavishness or extravagance. [ 2 ] In behavioral science , frugality has been defined as the tendency to acquire goods and services in a restrained manner, and resourceful use of ...
What does frugal mean? While the goal of frugality is reducing the amount you spend, Drew Cheneler, founder of SimplyMoneyLyfe, says the main characteristic of frugal people is that “they know ...
The opposite of virtue is vice. ... the Greek word also having the meaning of righteousness. ... Frugality Economy and simplicity in lifestyle.
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Asceticism [a] is a lifestyle characterized by abstinence from worldly pleasures, often for the purpose of pursuing spiritual goals. [3] Ascetics may withdraw from the world for their practices or continue to be part of their society, but typically adopt a frugal lifestyle, characterised by the renunciation of material possessions and physical pleasures, and also spend time fasting while ...
Frugality, while an admirable trait, can lead you to make choices that might seem smart in the short-term but actually cost more in the long-term regarding finances, time and quality of life.