Definition

To use resources carefully and avoid waste, especially in spending money or using materials.

Example

We need to economize on our budget this month to save for the vacation.

Tense Forms

Conversation

I've been trying to economize on groceries lately.

That's a good idea! How are you doing it?

I started meal planning to avoid waste and save money.

Smart move! It really helps to stick to a budget.

Synonyms & Antonyms

Definition

To use resources carefully and avoid waste, especially in terms of money or materials.

Example

We need to economize on our spending to save for a vacation.

Tense Forms

Conversation

I’ve been trying to figure out ways to economize on my grocery bills.

That's a great idea! Have you thought about meal planning?

Yeah, I heard that can really help you economize your spending.

Root Explanation

Economize → It is formed from "oikonomia" (from Greek, meaning household management) and the suffix "-ize" (meaning to make or to become). The word "economize" means to make efficient use of resources, particularly in managing a household's finances.

Memory Tip

Think of managing a 'household' ('oikonomia') efficiently — that's why economize means to use resources wisely.

Visually Confused Words