Definition, Meaning & Synonyms
tighten-or-loosen-the-purse-strings
idiom
/ˈtaɪtən ɔr ˈluːsən ðə pɜrs strɪŋz/
Definition
To control spending or budget, either by limiting expenditures (tightening) or allowing for more spending (loosening).
Examples
- After reviewing our monthly expenses, we decided to tighten the purse strings and cut back on dining out.
- With the upcoming project, the manager asked the team to loosen the purse strings and invest in better equipment.
Meaning
The phrase refers to the act of managing financial resources and making decisions about how much money to spend or save.
Synonyms
- Control spending
- Manage finances
- Restrict expenditures
- Adjust budget
