Being economical refers to the practice of managing resources efficiently so that wastage is minimized and expenses are kept to a minimum. Synonyms for being economical include frugal, thrifty, cost-effective, money-saving, and resourceful. A frugal person is someone who is careful with their spending and avoids unnecessary expenses. Being thrifty means being able to make the most of what one has by carefully managing resources. Cost-effective refers to something that is both affordable and efficient, while money-saving means being able to save money by using resources in a more efficient way. Being resourceful, on the other hand, means being able to make the most of the available resources, finding ways to use them effectively, and avoiding waste.