parsimony

Parsimony is defined as 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

Origin: ME parcimony < L parcimonia < parcere, to spare: akin to (com)pescere, to enclose, limit

See parsimony in American Heritage Dictionary 4

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.

Origin:

Origin: Middle English parcimony

Origin: , from Latin parsimōnia

Origin: , from parsus

Origin: , past participle of parcere, to spare

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