thrift

Vocabulary Word

Definition

'Thrift' refers to careful management of resources, particularly money, to avoid waste. If you've ever reused something instead of buying a new one, that's thrift.

Examples in Different Contexts

In personal finance, 'thrift' denotes careful management and saving of money. A financial advisor might recommend, 'Adopting a habit of thrift can lead to substantial savings and financial security over time.'

Practice Scenarios

Business

Scenario:

Our department is currently facing budgetary constraints. It's crucial we think of ways to maximize our resources.

Response:

Absolutely, thrift is key in this situation. Maybe we can identify areas where savings can be made without affecting productivity.

Tech

Scenario:

These new software updates are using way too much memory and processing power. We may need a more efficient solution.

Response:

I agree. By adopting thrift in our approach, we can optimize our software to use less system resources.