economize
Cut back spending
To economize is to reduce spending or use resources more carefully: We economized by eating out less.
The word implies deliberate restraint rather than poverty—cutting back where possible to save money or stretch supplies.
Someone might economize on groceries, economize on fuel, or economize their words by speaking briefly.
Planned reduction in spending
prune · retrench · shrink · reduce · minimize · ration · skimp · scrimp
Prudent with resources
- parsimoniousExcessively unwilling to spend
- prudentExercising sound judgment
- sparingUsing resources minimally
- conservativeCautious about altering customs
modest · restrained · austere · provident · abstemious · temperate · measured · careful
Remove unnecessary elements
- optimizeMake maximally effective
- productivityOutput relative to input
- leanLacking fat; incline
- automationSelf-operating system design
workflow · systematization · performance · output · process · scalability · benchmarking · metrics
cutback
Planned reduction in spending
pare · prune · retrench · shrink · reduce · minimize · ration · skimp · scrimp · slash
thrifty
Prudent with resources
- parsimoniousExcessively unwilling to spend
- prudentExercising sound judgment
- sparingUsing resources minimally
conservative · modest · restrained · austere · provident · abstemious · temperate · measured · careful · judicious
streamline
Remove unnecessary elements
- optimizeMake maximally effective
- productivityOutput relative to input
- leanLacking fat; incline
automation · workflow · systematization · performance · output · process · scalability · benchmarking · metrics · precision
allocation
Distribution of shares
- expenditureMoney paid out
- expensesMoney spent on things
- outlayMoney paid for something
cashflow · forecast · fiscal · financial · planning · resources · revenue · capital · funds · accounts
retirement
Leaving the workforce permanently
- 401(k)Tax-advantaged retirement savings account
- IRATax-advantaged retirement fund
- depositPlace for safekeeping
fund · reserve · stash · accumulation · stockpile · set-aside · coupon · discount
- budgetingbudget, budgets, budget app, budget template, budget allocation
- frugalityfrugality, thrift, frugal, penny-pinching, scrimp
- thrift sayingspenny saved, penny wise, pinch pennies, penny pincher, live within means
- savingssavings account, piggy bank, online savings, savings bonds, savings plan
- economic sanctionPunitive limits on commerce
- economic powerInfluence through wealth
- economic justiceFair allocation of resources
- economic indicatorsData measuring financial health
- economic boomSustained period of growth
- economic disparitiesUnequal distribution of wealth
economic, economical, economics, economist, economizing, economically, economized, economise, uneconomic