The word "thriftiness" is spelled with the consonants /θr/ at the beginning, followed by the vowel sound /ɪ/ and the consonant /f/. The letter combination "th" at the beginning of the word represents the voiceless dental fricative sound /θ/, which is found in other English words such as "think" and "thin". The second syllable of the word is spelled with the vowel sound /ɪ/, followed by the fricative /f/. In essence, it's pronounced as "thrift-ee-ness." This word refers to the quality of being economical or frugal in expenditure.
Thriftiness can be defined as the quality or characteristic of being economical and prudent in the use of resources, especially money. It is the ability to manage and save money wisely, avoiding unnecessary expenses and wastefulness. Thriftiness is closely associated with frugality, careful budgeting, and the pursuit of value for money.
A thrifty individual is someone who exercises self-control and discipline when it comes to spending, opting for practical and cost-effective choices over luxury and extravagance. This quality is often reflected in a person's lifestyle, as they are likely to choose affordable products, seek discounts, and embrace simple living.
Thriftiness is not merely about being cheap or stingy; it is about making informed and mindful decisions regarding financial matters. It entails different strategies such as budgeting, tracking expenses, and prioritizing needs over wants. A thrifty person is willing to invest time and effort to find the best deals, compare prices, and minimize unnecessary expenditures.
Thriftiness is often associated with positive personal and financial outcomes, such as increased savings, debt reduction, and financial security. It can lead to the accumulation of wealth, as the saved money can be invested or utilized for future goals, emergencies, or retirement. Moreover, being thrifty promotes sustainability and mindful consumption, as it reduces waste and promotes a more responsible use of resources.
Economical management of property; frugality.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "thriftiness" is derived from the base word "thrift", which comes from the Old Norse word "thriftr", meaning "prosperity" or "success". The Old Norse word was borrowed into Middle English, where "thrift" initially referred to the concept of success or profit in business. Over time, its meaning evolved to include the idea of frugality, wise management of resources, and the avoidance of waste. The suffix "-iness" is added to the base word "thrift" to create the noun "thriftiness", which denotes the quality or state of being thrifty.