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Thrift

“Thrift” is the practice of intelligently and safely managing financial and economical decisions. This can also be handled through a financial institution often a credit union, savings and loan, or savings bank. “Thrift bank” is also a common term used when referring to these institutions.

Example: When Tom’s debt got out of control, his credit union suggested some thrifty practices to get his finances back on track.

Click for the full glossary of credit card terms.

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Less than $2,500 More than $2,500
Always Never Sometimes