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Jugaad (Hindustani: जुगाड़ jugaaḍ / جگاڑ jugaaṛ ()) is a concept of non-conventional, frugal innovation in the Indian subcontinent. [1] It also includes innovative fixes or simple workarounds, solutions that bend the rules, or resources that can be used in such a way.
Frugal innovation or frugal engineering is the process of reducing the complexity and cost of a good and its production. Usually this refers to removing nonessential features from a durable good , such as a car or telephone, in order to sell it in developing countries .
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 ...
ShutterstockBeing frugal means being resourceful with your cash. By Stefanie O'Connell In response to my recent post about splitting expenses with friends, one commenter wrote that there is a fine ...
Frugal people prioritize spending money on things that add value to their life, and they avoid using money for what they don't consider important.
1. You Wear Out Your Entire Wardrobe. Big shoulder pads looked of-the-moment on Melanie Griffith in "Working Girl," but you're still holding onto — and wearing — your power suit.
The modern legal remedy for spendthrifts is usually bankruptcy.However, during the 19th and 20th centuries, a few jurisdictions, such as the U.S. states of Oregon and Massachusetts, experimented with laws under which the family of such a person could have him or her legally declared a "spendthrift" by a court of law and placed under a court-supervised guardianship.
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