To be sparing and frugal; try to make ends meet; economize.
Origin of scrimp
Perhaps of Scandinavian origin Swedish skrympato shrink
American Heritage Dictionary of the English Language, 5th Edition
Scrimp Sentence Examples
When living on a tight budget, many people are tempted to scrimp on groceries and only buy the cheapest possible foods.
Accessories don't have to be top quality if you can't afford that, but don't scrimp on the business suit.
Incorrect Equipment - Do not scrimp on equipment, particularly safety equipment.
Although you might be looking for an inexpensive futon frame, don't scrimp on the mattress and ensure that it fits with how you want to use the futon.
Sellers might require little to no down payment for an owner financed property, which means individuals and families will not need to scrimp and save to come up with the recommended 20% down payment of the full purchase.