Frugality

James Gillray's satirical print Temperance Enjoying a Frugal Meal. George III is depicted with patched breeches and a chair covered with protective fabric, eating a simple boiled egg and using the tablecloth as his napkin. Winter flowers fill the unlit fireplace.

Frugality is the quality of being frugal, sparing, thrifty, prudent, or economical in the consumption of resources, whether they be food, time, or money. It involves the avoidance of waste, extravagance, and lavishness.

In behavioral science, frugality has been defined as the tendency to acquire goods and services in a restrained manner, and resourceful use of already-owned economic goods and services, to achieve a longer term goal.

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