thrift

[thrɪft]

thrift Definition

• 1. the habit of saving money and spending it carefully so that none is wasted
• 2. a bank or savings institution

Using thrift: Examples

Take a moment to familiarize yourself with how "thrift" can be used in various situations through the following examples!

• Example

  Her thrift allowed her to save enough money to buy a house.

• Example

  The thrift offers competitive interest rates on savings accounts.

• Example

  He learned the value of thrift from his parents.

• Example

  The company's thrift plan encourages employees to save for retirement.

thrift Synonyms and Antonyms

Synonyms for thrift

• frugality
• economy
• thriftiness
• carefulness
• prudence

Antonyms for thrift

• wastefulness
• extravagance

Idioms Using thrift

• neither a borrower nor a lender be

  it is best not to borrow or lend money to friends or family members in order to avoid damaging relationships

  Example

  My grandfather always told me, 'Neither a borrower nor a lender be.'

• penny-wise and pound-foolish

  being careful with small amounts of money while wasting large amounts

  Example

  He's penny-wise and pound-foolish, always buying cheap things that break easily and end up costing him more in the long run.

• cutting corners

  to do something in the easiest, quickest, or cheapest way possible, often by ignoring rules or standards

  Example

  The company was cutting corners to save money, which led to a decrease in product quality.

Phrases with thrift

• thrift store

  a shop that sells second-hand goods, especially clothes, at low prices

  Example

  I found this great jacket at the thrift store for only $5.

• thrift shop

  a shop that sells second-hand goods, especially clothes, at low prices

  Example

  I love shopping at thrift shops because you can find unique items at affordable prices.

• thrift culture

  a movement that promotes sustainable living through reducing waste and reusing resources

  Example

  Thrift culture encourages people to buy second-hand items and reduce their carbon footprint.

Origins of thrift

from Old Norse 'þrift', meaning 'prosperity'

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Summary: thrift in Brief

The term 'thrift' [thrɪft] refers to the habit of saving money and spending it carefully. It can also refer to a bank or savings institution. Examples include 'Her thrift allowed her to save enough money to buy a house.' and 'The thrift offers competitive interest rates on savings accounts.' Phrases like 'thrift store' and 'thrift shop' denote shops that sell second-hand goods at low prices, while 'thrift culture' promotes sustainable living. Idioms like 'neither a borrower nor a lender be' and 'penny-wise and pound-foolish' caution against careless spending.