Definition of economize verb from the Oxford Advanced Learner's Dictionary

 

economize

 verb
(British English also -ise)verb
BrE BrE//ɪˈkɒnəmaɪz//
 
; NAmE NAmE//ɪˈkɑːnəmaɪz//
 
Verb Forms present simple I / you / we / they economize
BrE BrE//ɪˈkɒnəmaɪz//
 
; NAmE NAmE//ɪˈkɑːnəmaɪz//
 
he / she / it economizes
BrE BrE//ɪˈkɒnəmaɪzɪz//
 
; NAmE NAmE//ɪˈkɑːnəmaɪzɪz//
 
past simple economized
BrE BrE//ɪˈkɒnəmaɪzd//
 
; NAmE NAmE//ɪˈkɑːnəmaɪzd//
 
past participle economized
BrE BrE//ɪˈkɒnəmaɪzd//
 
; NAmE NAmE//ɪˈkɑːnəmaɪzd//
 
-ing form economizing
BrE BrE//ɪˈkɒnəmaɪzɪŋ//
 
; NAmE NAmE//ɪˈkɑːnəmaɪzɪŋ//
 
 
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[intransitive] economize (on something) to use less money, time, etc. than you normally use Old people often try to economize on heating, thus endangering their health. Synonymssavebudget economize tighten your beltThese words all mean to spend less money.save to keep money instead of spending it, often in order to buy a particular thing:I’m saving for a new car.budget to be careful about the amount of money you spend; to plan to spend an amount of money for a particular purpose:If we budget carefully we’ll be able to afford the trip.economize to use less money, time, etc. than you normally usetighten your belt (rather informal) to spend less money because there is less available:With the price increases, we are all having to tighten our belts.Patterns to save up/​budget for something to have to save/​budget/​economize/​tighten our belts to try to/​manage to save/​budget/​economize
See the Oxford Advanced American Dictionary entry: economize