Solving for future consumption as a function of current consumption allows us to write the constraint in intercept-slope form as: In the diagrams below, the curves IC o represents levels of satisfaction (or utility) received from combinations of present and future consumption activity.
What Is the Waste or Dissipation of Assets? The wasting or dissipation of assets involves the frivolous and unjustified spending of assets by a spouse. There must be more than just the mismanagement of property or spending in a way that's disapproved of by the other spouse.
If you try to avoid waste by reusing and repurposing items that most people would throw away, your frugality will save you money. Some people use this word interchangeably with cheapness, but cheapness is an unwillingness to spend, while frugality is an unwillingness to waste. People who show frugality often find ways of making things useful that others do not.