Friday, February 1, 2008

Frugality defined

Also known as thrift or thriftiness, often confused with cheapness or miserliness, is a traitional value, life style, or belief system, in which individuals practice both restraint in the acquiring of and resourceful use of economic goods and services in order to achieve lasting and more fulfilling goals. In a money-based economy, frugality emphasizes economical use of money in meeting long term personal, familial, and communal desires.

Definition provided by Wikipedia... The Free Encyclopedia.

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