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 parsim&omacron;nia, 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").