Frugality

Part of speech: noun (n.)

1. The quality of being frugal; prudent economy; that careful management of anything valuable which expends nothing unnecessarily, and applies what is used to a profitable purpose; thrift; --- opposed to extravagance. Frugality is founded on the principle that all riches have limits. Burke.

2. A sparing use; sparingness; as, frugality of praise.

Synonyms: Economy; parsimony. See Economy.