IPA: /ˈkloʊsˌfɪstɪd/
KK: /ˈkloʊsˌfɪstɪd/
Not willing to spend money; very stingy or cheap.
He is so closefisted that he never buys lunch for his coworkers.
Closefisted → It is formed from "close" (from Old English *clōsan*, meaning to shut or fasten) and "fisted" (from "fist", which comes from Old English *fist*, meaning a hand or clenched hand). The word "closefisted" describes someone who is tight with money, as if they are shutting their hand tightly around it.
Think of someone who keeps their hand 'shut' ('close') tightly like a 'fist' — that's why closefisted means unwilling to part with money.
No commonly confused words.