1. To practice economy, as by avoiding waste or reducing expenditures.
2. To make economical use of something: "The best that can be said for this method is that it economizes on thought" (Christopher Hitchens).
WHAT IS RESOURCES-Resources can be described as assets (time, money, energy), materials, or capital (other funds) which can be used to accomplish your goal. - What are your financial resources?
• Make a list of all of your assets, or everything that you own.
• Distinguish between financial assets (bank accounts, investments, retirement accounts, etc.) and physical assets such as cars, home, or personal possessions.
• Which financial assets can be easily converted to cash?
- What type of personal resources do you have?
• Education, certifications, and designations - Are there opportunities to better market your talents? Or opportunitities to increase your skill and knowledge levels to make yourself more marketable?
• Time - Your schedule and the schedule of others in your family may create opportunities to help each other. Consider trading responsibilities such as child care so work time can be extended.
• Talents and skills - Doing repairs, providing music lessons, or gardening can be used to earn money or trade services with others.
- What type of resources does your household have?
• Family, friends, other people in your social network may be tapped to meet needs.
• Be sure to access resources in the workplace, online, and in the community.
• Personal possessions that have outlived their usefulness to your family can be sold or exchanged.
• Don't overlook the ability to use communication, cooperation, commitment and creativity to find solutions to life's problems.
dis is kul
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