Definition, Meaning & Synonyms

parsimony

noun

/ˈpɑːrsɪˌmoʊni/

Definition

Parsimony is the quality of being very careful with money or resources; it refers to the avoidance of unnecessary expenditure.

Examples

The company’s parsimony led to significant savings, but it also affected employee morale.
His parsimony was evident in his refusal to buy new clothes, opting instead to repair old ones.
While her parsimony helped her save money, it sometimes hindered her from enjoying life.

Meaning

Parsimony often implies stinginess or excessive frugality, where one is reluctant to spend or use resources, even in situations where it may be warranted.