economize

To economize is to be frugal — to be careful not to waste anything, including money. You may need to economize on heating oil, keeping the temperature in your apartment on the nippy side during the winter.

Giving a kid an allowance is one way to teach her to economize, spending it carefully in an attempt to save some and make the rest last. Unless money is no object, most people need to economize to some extent, being frugal and avoiding waste. In the 17th century, to economize was "to govern a household," from economy, at the time "household management," from the Greek oikonomia, "household management or thrift."

Definitions of economize
  1. verb
    spend sparingly, avoid the waste of
    “The less fortunate will have to economize now”
    synonyms: economise, save
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    types:
    tighten one's belt
    live frugally and use less resources
    type of:
    drop, expend, spend
    pay out
  2. verb
    use cautiously and frugally
    “I try to economize my spare time”
    synonyms: conserve, economise, husband
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    Antonyms:
    blow, squander, waste
    spend thoughtlessly; throw away
    blow
    spend lavishly or wastefully on
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    types:
    retrench
    tighten one's belt; use resources carefully
    type of:
    preserve, save
    to keep up and reserve for personal or special use
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