Being Thrifty

Thrift

Photo supplied by zieak (cc)

What does “thrifty” mean?

The word thrifty and the word thriving actually share the same root. Thrift can be defined as

  1. Wise economy in the management of money and other resources; frugality.
  2. Vigorous growth of living things, such as plants.

Thriving can be defined as

  1. To make steady progress; prosper.
  2. To grow vigorously; flourish.

The words both come from the Old Norse word thrfask, meaning to seize. When applied to personal finance, it normally means the wise use of what economic resources you have, a healthy robust scepticism towards consumerism and an interest in prospering financially, emotionally and physically.

Quotations on being thrifty

Waste neither time nor money, but make the best use of both. Without industry and frugality, nothing will do, and with them everything.
– Benjamin Franklin

Thrift means that you should always have the best you can possibly afford, when the thing has any reference to your physical and mental health, to your growth in efficiency and power.
– Orison Swett Marden

Thrift is not an affair of the pocket, but an affair of character.
-S.W. Straus

Thrift comes too late when you find it at the bottom of your purse.
-Seneca