STRETCHED DOLLAR Meaning and
Definition
-
A "stretched dollar" refers to a situation where one's money has to be carefully managed and utilized in order to cover as many expenses as possible. This term is often used when describing a limited or insufficient budget that requires an individual or a family to maximize the value and longevity of their available funds. The concept of a "stretched dollar" implies a need to economize and spend frugally in order to meet financial obligations and make ends meet.
When faced with a stretched dollar, individuals often employ various strategies to make their money go as far as possible. This may involve budgeting, prioritizing expenditures, seeking discounted prices, or finding ways to reduce expenses. It may also require careful consideration of needs versus wants, as well as making sacrifices and compromises in order to maintain financial stability.
The phrase "stretched dollar" is commonly used in personal finance discussions, especially during times of economic difficulty or limited resources. It acknowledges the challenges faced by individuals and families who must navigate financial constraints and find creative ways to sustain their lifestyle and meet their obligations.
In summary, the term "stretched dollar" describes a situation where individuals are required to carefully manage and utilize their money to cover as many necessities as possible, often due to limited funds or a tight budget. It emphasizes the need to be resourceful and economical in order to make one's money last and meet financial obligations.
Common Misspellings for STRETCHED DOLLAR
Etymology of STRETCHED DOLLAR
The etymology of the phrase "stretched dollar" can be understood by examining the individual words within it:
1. Stretched: The word "stretched" is derived from the Old English word "streccan", meaning "to stretch out or extend". It implies the act of extending or lengthening something beyond its usual limit or capacity.
2. Dollar: The word "dollar" originated from the German word "Taler" or "Thaler", which was a silver coin used in the 16th century. The Thaler was widely circulated in Europe and got its name from Joachimsthal, a mining town in modern-day Czech Republic. Over time, the term "dollar" became associated with various currencies, most notably the United States dollar.
