Definitions
- Describing a lack of financial responsibility or planning. - Referring to a tendency to spend money carelessly or impulsively. - Talking about a disregard for saving or budgeting.
- Referring to excessive spending or indulgence in luxury items. - Describing a tendency to spend money beyond one's means or needs. - Talking about a display of wealth or status through lavish spending.
List of Similarities
- 1Both words relate to spending money.
- 2Both words describe a lack of financial responsibility.
- 3Both words can lead to financial problems.
- 4Both words involve a disregard for budgeting and saving.
- 5Both words can be associated with negative connotations.
What is the difference?
- 1Attitude: Thriftlessness is characterized by carelessness and lack of planning, while extravagance is characterized by indulgence and excess.
- 2Scope: Thriftlessness refers to a general lack of financial responsibility, while extravagance specifically refers to excessive spending.
- 3Consequences: Thriftlessness can lead to debt and financial instability, while extravagance can lead to debt and bankruptcy.
- 4Motivation: Thriftlessness may stem from ignorance or lack of knowledge, while extravagance may stem from a desire for status or recognition.
- 5Perception: Thriftlessness is often seen as a negative trait, while extravagance may be viewed positively in certain contexts, such as in the entertainment industry.
Remember this!
Thriftlessness and extravagance are both related to spending money irresponsibly, but they differ in their attitude, scope, consequences, motivation, and perception. Thriftlessness refers to a lack of financial responsibility and planning, while extravagance refers to excessive spending and indulgence. Thriftlessness can lead to debt and financial instability, while extravagance can lead to debt and bankruptcy. While thriftlessness is generally seen as a negative trait, extravagance may be viewed positively in certain contexts.
