倹約
けんやく · kenyaku · JLPT N1 · noun
thrift
🪙 倹 = frugal + 約 = cut back: 倹約 = frugal + cutting back, i.e. thrift
倹 (ken) means frugal and 約 (yaku) means to reduce or bind. Together they describe keeping spending low and avoiding waste, which is the core of thrift and economy.