Household Budgeting Terms

verb to practice frugality or efficiency in the use of resources

• The company is economizing by implementing cost-cutting measures.
• We're economizing by cooking at home instead of eating out.
• I'm trying to save money by economizing on unnecessary expenses.
• She's economizing her time by delegating tasks to others.

noun a person who is excessively careful with their money, often to the point of being stingy or frugal

adjective describing someone or something that is very careful with money, often to the point of being miserly or thrifty

• The company's penny pinching tactics have led to a decrease in employee morale.
• My dad is always penny pinching, even when it comes to buying groceries.
• Stop being such a penny pincher and just treat yourself for once.
• Penny pinching in this situation will only lead to missed opportunities for growth.