parsimony

Parsimony refers to extreme frugality or the use of extreme caution in spending money. (noun)

When you analyze every purchase and are very careful about spending even small amounts of money, this is an example of parsimony.

See parsimony in Webster's New World College Dictionary

noun

a tendency to be over-careful in spending; unreasonable economy; stinginess

See parsimony in American Heritage Dictionary 4

(pärˈsə-mōˌnē)

noun

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.

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