Thriftiness vs Extravagance

Thriftiness is the basis for stewardship and foundation of every generous deed. Stewardship identifies someone who manages the property of his master. His faithfulness is determined by how prosperous he becomes in the use and increase of the resources under his care.

“A man’s treatment of money is the most decisive test of his character – how he makes it and spends it” – James Moffat.

Because koalas eat only eucalyptus leaves that contain very little nutritional value, they must conserve every bit of energy. To get by on less, koala moves very slowly and sleep most of the day.

Thriftiness is the skill of trading things of lesser value for things of greater value.

Thriftiness is the personal discipline of those who are striving for the greatest rewards.

A person who understood and practiced the principles of thriftiness will use as few funds as possible for consumable items, and as much of their resources as possible on that which would bring greater returns.

Borrowing is the bane of thriftiness, because it turns the joy of saving into the bondage of survival.

How thriftiness differs from stinginess

Thriftiness is using as few resources as possible for my own needs so that I will have greater resources for generosity to others. Stinginess is keeping back what should be given to others so that I will have more for myself

Aspect of Thriftiness

Thriftiness begins by being content with basics.
A person who believes that happiness is measured by personal possessions will not be capable of true thriftiness. He will use up valuable assets for things that neither profit nor satisfy. A person who is content with the basic essentials of life will have the natural ability to be thrifty.
Thriftiness is using creativity to increase assets.
A thrifty man will understand how things are designed to work and will use this knowledge to increase productivity.
Thriftiness is protecting assets by putting up with irritations.
Life is filled with irritations and conditions that are less than ideal. Personal comfort often comes with a high price and is only temporary. A thrifty person will put up with temporary messiness that is necessary for productivity. Much increase is by our strength.
Thriftiness is making offers rather than asking and accepting the quotes.
Always negotiate for the best buy through our dealing and buyer must aware that a seller will inflate the value of his products and this must be counteracted in a gracious way.
Thriftiness is gathering up the fragments after a project.
By not allowing the remaining food to go to waste demonstrated thriftiness.
Thriftiness is saving during times of plenty.
Thriftiness requires a long-range goal that is more important than immediate luxuries and conveniences to increase standard of living with personal comfort and luxuries.

3 requirements for thriftiness.

* One must be faithful in little things
* Be faithful in the use of money.
* Being faithful in that which belongs to another person.

Personal Evaluation
How thrifty are you?
* Do you keep detailed records of your resources so you know how they are being spent?
* Do you take time to evaluate the profitability of each investment you make?* Do you plan out each day so you can make the wisest use of every hour?
* Do you use principles of negotiation so you can get the best buy and also help your suppliers save money?
* Do you save all you can so you can have available funds to give?
* Are you using our energies and resources primarily for yourself or for the needs of others?
* Are you using your energies and resources primarily for yourself or for the need of others?
* Do you study procedures to see how they can be more efficient and less costly?
* When your income increases, do you keep the same standard of living so you have more to give?
* Review our investment of time, energy or money.