Parsimony
volume
British pronunciation/pˈɑːsɪmənɪ/
American pronunciation/ˈpɑɹsəˌmoʊni/

Definition & Meaning of "parsimony"

Parsimony
01

avoiding excess or waste in expenditure or consumption, and only using what is necessary

example
Example
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The team operated with parsimony, requesting only essential equipment and personnel.
Out of parsimony, she bought only what was on sale and assembled meals from staples.
02

an excessive or pathological unwillingness to spend

example
Example
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Her extreme parsimony in never treating friends or paying for shared activities began to damage relationships.
Critics said the celebrity practiced " parsimony " by never tipping servers or valets, even though wealthier than most.
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