Difference between Parsimony and Thrift

What is the difference between Parsimony and Thrift?

Parsimony as a noun is great reluctance to spend money unnecessarily. while Thrift as a noun is the characteristic of using a minimum of something (especially money).

Parsimony

Part of speech: noun

Definition: Great reluctance to spend money unnecessarily. By analogy from (1), principle of using the least resources or explanations to solve a problem.

Thrift

Part of speech: noun

Definition: The characteristic of using a minimum of something (especially money).A savings bank.Any of various plants of the genus Armeria, particularly Armeria maritima.

Example sentence: I used to go to Saks, I would go to Bergdorf, I would go to Barneys, I would go to thrift stores in SoHo.

We hope you now know whether to use Parsimony or Thrift in your sentence.

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