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Avarice is greed, the inordinate love of earthly things, especially money. It is inordinate when we are not guided by reason or need, when we go to unusual lengths to get material goods, or when we are miserly in giving. Greed short-sightedly neglects permanent reward in heaven for temporary rewards in this life. We conquer greed by the practice of liberality.
Avarice is one of the seven capital sins. The others are pride, envy, wrath, lust, gluttony, and sloth. All the sins we commit are said to flow from these seven capital sins.
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Catechism of the Catholic Church # 1866
New Advent Catholic Encyclopedia
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