Household Budgeting Vocabulary

adjective relating to or concerned with the efficient use of resources

• The company decided to implement more economical practices in order to reduce costs.
• I always try to be economical when shopping for groceries.
• I'm all about finding the most bang for my buck, so I'm all about being economical.
• She found a way to be more economical with her time, allowing her to accomplish more tasks in a day.

verb to be very careful with money and spend it only when necessary

• The company implemented a new policy of scrimping on office supplies to cut costs.
• I've been scrimping on eating out so I can save up for a vacation.
• My parents are always scrimping and saving for a rainy day.
• She was scrimping on sleep to finish her project on time.