Homonym: frugal (Economical)
The term "frugal" refers to a lifestyle or approach that emphasizes careful management of resources, particularly money. A frugal person seeks to minimize expenses and avoid waste, often finding ways to save on everyday purchases. This can include budgeting, using coupons, or choosing less expensive alternatives.
Being frugal does not mean being cheap; rather, it involves making thoughtful decisions about spending. For example, a frugal shopper might buy items on sale or invest in quality products that last longer, ultimately saving money over time. This mindset can lead to financial stability and the ability to allocate funds for important goals, such as savings or investments.