verb to be very careful with money and spend it only when necessary
Scrimping is often a key strategy in budgeting, where individuals or households consciously limit their spending in certain areas to save money for other priorities.
In the context of sustainability, scrimping can be seen as a way to reduce waste and consumption, contributing to a more environmentally friendly lifestyle.
In personal finance, scrimping refers to the act of saving money by cutting back on expenses and being frugal in order to achieve financial goals.
Within household management, scrimping may involve finding creative ways to reduce costs on everyday expenses such as groceries, utilities, and household supplies.
Scrimping is a common practice among those who embrace a frugal lifestyle, prioritizing saving money and avoiding unnecessary expenses.
In the writing industry, 'scrimping' may refer to using minimal words or resources to convey a message effectively. Writers may also use the term to describe saving money or cutting costs in their personal or professional lives.
Psychologists may use 'scrimping' to describe a behavior or mindset of being overly frugal or excessively cautious with spending. In a therapeutic context, psychologists may explore the reasons behind a client's scrimping behavior and its impact on their well-being.
Accountants may use 'scrimping' to refer to the practice of cutting expenses or reducing costs in order to improve a company's financial performance. This could involve finding ways to save money on supplies, operations, or other expenditures.
In event planning, 'scrimping' could refer to the act of trying to organize an event on a tight budget by cutting corners or finding cost-effective solutions. Event planners may need to be creative and resourceful when scrimping while still delivering a successful event.