A Scout is thrifty. He is frugal. He is not wasteful.
Thrifty can mean a lot of things but it does not mean that you have to be cheap. Sometimes the cheapest is not the best in the long run.
A Scout is wise and does his research to ensure that he is getting the best deal. Research is important when making purchases. “Before you buy, learn about product performance, price, safety, and quality through consumer or government publications. A better quality item that costs more may be the better value because it will last longer.” 
Research and price do not guarantee a purchase or that you will even be happy with it. So what if you make a mistake. Yes, it is painful and financially can set you back but brush it off as a learning experience and move on.
Also important is budgeting money. Part of living ones duty to God as an LDS Youth is to pay tithing. I have always found it easier to pay the Lord first and then worry about the rest. In 1980 President Ezra Taft Benson gave this advice, “..members of the Church have been counseled to be thrifty and self-reliant; to avoid debt; pay tithes and a generous fast offering; be industrious; and have sufficient food, clothing, and fuel on hand to last at least one year.”  In this same address President Benson talks about rising taxes, inflation and continuing recession – over 30 years ago and the principle of being thrifty has never been more necessary.
Elder Sterling W. Sill in 1973 put it another way:
God is a very wealthy personage. We all like to inherit from a wealthy parent and what could be more exciting than to inherit from God, to get everything that God has. Someone has said that thrift is a great virtue, especially in an ancestor. And God has been very thrifty, he has also been very wise and he has been very generous. To begin with, he created us in his own image and has endowed us with a set of his attributes and potentialities, the development of which is one of the purposes for which we live. He desires that every one of us should be rich. He has said: “… the fulness of the earth is yours …” (D&C 59:16), and it pleaseth God that he has given all these things unto men to be used with judgment and thanksgiving. He has shared with us the fulness of the treasures of the earth and he desires to share with us the fulness of the treasures of heaven. He wants us to inherit the celestial kingdom and belong to that celestial order of which he himself is a member. And he has said that the greatest of all the gifts of God is the gift of eternal life in his presence.
And so we come back to the place where we began and hear again those great words as they come down to us from the mount in which the Lord of Hosts has said, “… lay up for yourselves treasures in heaven. …” (Matt. 6:20.) 
On the fourth day of Christmas a Scouts lays up for himself treasures in heaven by being thrifty, self-sufficient and hard working.
Author: Heidi Sanders | Marketing & PR Director, Utah National Parks Council
1. See LDS.org, “‘Tis the Season to Be Thrifty.”
2. See President Ezra Taft Benson, “Prepare for the Days of Tribulation.” (1980, October). General Conference, LDS.org.
3. See Sterling W. Sill, “A Fortune to Share.” (1973, October). General Conference, LDS.org.