Dear native speakers,
do you ever say "to economize on sth?" For example,
When entertaining your business clients, it's better not to economize on a restaurant.
You should never economize on time that you can spend with your nearest and dearest.
A friend of mine told me that 'economize on' sounded weird to him, so he suggested using 'skimp on'. However, it seems to me this word is sort of informal.
What's your verdict?
Thank you in advance.
Skimp on and the adjective skimpy are frequently used in AmE. I would say that, as a verb, skimp on is less elegant than economize.
I agree with bhaisahab that to "economize on a restaurant" is questionable. You could economize by eating at a less expensive restaurant.