Basic Details
Word: Thrift
Part of Speech: Noun
Meaning: The careful use of money and resources to save and avoid waste.
Synonyms: Frugality, economy, prudence
Antonyms: Extravagance, wastefulness, spending
Idioms and Phrases
- A penny saved is a penny earned: This means saving money is just as important as earning money. Example: "By using public transport instead of driving, she believes that a penny saved is a penny earned."
- Cut your coat according to your cloth: This means to spend according to your means. Example: "They decided to cut their coat according to their cloth and not go over budget for the holidays."
Usage Examples
Example 1: Living with thrift can help you save money for future needs, like education or emergencies.
Example 2: My grandmother taught me the value of thrift by always finding ways to reuse items instead of throwing them away.
Example 3: By practising thrift, we can protect our environment by reducing waste and conserving resources.
Fun Fact
The concept of thrift has been praised for centuries, with notable figures like Benjamin Franklin writing about the importance of saving and making wise financial choices in his works.
Famous Quote
"Beware of little expenses; a small leak will sink a great ship." Benjamin Franklin
Multiple Choice Questions (MCQs)
1. What does "thrift" mean?
a) Careless spending
b) The careful use of money and resources
c) A type of shopping
d) A big purchase
Answer: b) The careful use of money and resources
2. Which of these is a synonym of "thrift"?
a) Extravagance
b) Frugality
c) Wastefulness
d) Generosity
Answer: b) Frugality
3. Which of the following is an antonym of "thrift"?
a) Saving
b) Economy
c) Spending
d) Prudence
Answer: c) Spending
4. Which sentence uses "thrift" correctly?
a) She wasted her money with thrift.
b) He learnt to live with thrift to save for a new bike.
c) The children's thrift was to break their piggy bank.
d) Thrift is an expensive habit.
Answer: b) He learnt to live with thrift to save for a new bike.
5. Which idiom suggests the same meaning as "thrift"?
a) Bite the bullet
b) A penny saved is a penny earned
c) Every cloud has a silver lining
d) The early bird catches the worm
Answer: b) A penny saved is a penny earned
