Definition

The quality of being very careful with money or resources, often to the point of being stingy or excessively frugal.

Example

His parsimony made it difficult for him to enjoy life, as he always worried about spending money.

Conversation

Have you noticed how some people practice such parsimony with their money?

Yeah, it's interesting how they prioritize saving over spending.

I mean, there's a fine line between being frugal and just plain stingy.

True! Sometimes it's better to invest in experiences rather than just save every penny.

Synonyms & Antonyms

Root Explanation

Parsimony → It is formed from "parsi-" (from Latin "parcus", meaning sparing or frugal) and "-mony" (a suffix used to form nouns indicating a state or condition). The word "parsimony" refers to the state of being frugal or stingy.

Memory Tip

Think of being 'sparing' ('parcus') with your resources — that's why parsimony means being very careful or frugal.

Visually Confused Words