When you analyze every purchase and are very careful about spending even small amounts of money, this is an example of parsimony.
Origin of parsimonyMiddle English parcimony from Classical Latin parcimonia from parcere, to spare: akin to (com)pescere, to enclose, limit
- Unusual or excessive frugality; extreme economy or stinginess.
- Adoption of the simplest assumption in the formulation of a theory or in the interpretation of data, especially in accordance with the rule of Ockham's razor.
Origin of parsimonyMiddle English parcimony from Latin parsimōnia from parsus past participle of parcere to spare
- Great reluctance to spend money unnecessarily.
- By analogy from (1), principle of using the least resources or explanations to solve a problem.
From Old French parsimonie, from Latin parsimÅnia (“sparingness, frugality"), from parcere (“to be sparing").