frugality

noun
fru·​gal·​i·​ty | \ frü-ˈga-lə-tē \

Definition of frugality

: the quality or state of being frugal : careful management of material resources and especially money : thrift For these renters, the philosophy is more about having it all … than it is about hardship or frugality.— Roya Wolverson The conference table, like all the company's desks, is made of a door bolted to two-by-fours, a deliberate message of frugality to employees of a company that is losing hundreds of millions of dollars a year.— Saul Hansell

First Known Use of frugality

1531, in the meaning defined above

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The first known use of frugality was in 1531

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