Frugality is the practice of being economical with resources, particularly money. It involves making conscious choices to spend less and save more, often by prioritizing needs over wants. People who embrace frugality look for ways to reduce expenses, such as using coupons, buying second-hand items, or cooking at home instead of dining out. This approach can lead to financial stability and the ability to invest in future goals, like education or retirement. Frugality is not about being cheap; rather, it emphasizes mindful spending and making the most of what one has, ultimately fostering a more sustainable lifestyle.