Extreme frugality, also known as PENURY (6 letters), is a lifestyle characterized by extreme thrift and the avoidance of unnecessary spending. It involves living on a very tight budget and making every effort to save money. This can include cutting back on luxuries, using coupons, and shopping at thrift stores. Extreme frugality is often adopted out of necessity, such as when someone is struggling financially, but it can also be a conscious choice for those who wish to live a simpler life.