What does "economical" imply about a person's spending habits?

The term "economical" refers to a way of managing resources, particularly money, in a way that avoids waste and emphasizes efficiency. When applied to a person's spending habits, being economical suggests that the individual is careful with their money and seeks to minimize unnecessary expenses. This aligns directly with the concept of being frugal, which implies a focus on saving and making prudent financial decisions.

For instance, an economical person would look for sales, buy products that are reasonably priced, and generally avoid extravagance in their spending choices. This approach often leads to better financial health and the ability to save for future needs.

In contrast, other options describe spending habits that do not align with being economical. Terms like wasteful, excessive, and lavish denote spending that goes beyond what is necessary or appropriate, which is contrary to the notion of being economical.