frugality

If you try to avoid waste by reusing and repurposing items that most people would throw away, your frugality will save you money.

Some people use this word interchangeably with cheapness, but cheapness is an unwillingness to spend, while frugality is an unwillingness to waste. People who show frugality often find ways of making things useful that others do not. Even after the Depression ended, those who lived through it maintained their frugality, using old t-shirts for rags and washed-out cottage cheese containers instead of Tupperware.

Definitions of frugality
  1. noun
    prudence in avoiding waste
    synonyms: frugalness
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    types:
    parsimoniousness, parsimony, penny-pinching, thrift
    extreme care in spending money; reluctance to spend money unnecessarily
    economy, thriftiness
    frugality in the expenditure of money or resources
    type of:
    prudence
    discretion in practical affairs
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