Parsimony is a noun to use when you are watching your money very carefully. So you're not just saving your pennies for a rainy day — you're clipping coupons, re-using dryer sheets, and refusing to pay full price for anything.

It's not a bad thing to engage in a little parsimony. Related to an ancient Latin word meaning "to spare," parsimony keeps your checking account in the black and your retirement plan well funded. But get a little too parsimonious and you might start to look like Uncle Scrooge — an old miser who learned the hard way that practicing extreme parsimony doesn't win you love and admiration.

Definitions of parsimony
  1. noun
    extreme stinginess
    synonyms: closeness, meanness, minginess, niggardliness, niggardness, parsimoniousness, tightfistedness, tightness
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    littleness, pettiness, smallness
    lack of generosity in trifling matters
    total lack of generosity with money
    type of:
    a lack of generosity; a general unwillingness to part with money
  2. noun
    extreme care in spending money; reluctance to spend money unnecessarily
    synonyms: parsimoniousness, penny-pinching, thrift
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    type of:
    frugality, frugalness
    prudence in avoiding waste
Word Family
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