Frugality is the category of being frugal, sparing, thrifty, prudent or economical in a consumption of consumable resources such as food, time or money, and avoiding waste, lavishness or extravagance.
In behavioral science, frugality has been defined as a tendency to acquire goods in addition to services in a restrained manner, and resourceful usage of already owned economic goods and services, toa longer term goal.
Frugality has been adopted as a strategic imperative by large enterprises as a means of cost reduction through engenderment of a philosophy of careful spending amongst the workforce. cost reduction is often perceived negatively, be it within a corporate organisation or in society, so inviting regarded and indicated separately. employee to embrace frugality transfers the burden of cost reduction from administration to the employee. In doing so, corporations introduce a moral obligation to cost cutting, proposing the image that careful supervision of costs is in the company, shareholder and employee's best interests.