IPA: /ˈpɪnʧˌpɛni/
KK: /ˈpɪnʧˌpɛni/
Describing someone who is very careful about spending money and often unwilling to spend it, even when it is necessary.
He is such a pinchpenny that he refuses to buy new clothes, even when his are worn out.
A person who is very careful about spending money and tries to save as much as possible, often to the point of being stingy.
My uncle is such a pinchpenny that he refuses to buy new clothes even when his are worn out.
Pinchpenny is formed from "pinch" (from Old English "pyngan", meaning to squeeze or compress) and "penny" (from Old English "pening", meaning a coin or money). The term describes someone who is excessively frugal or stingy, as if they are squeezing every penny they have.
Think of someone who 'squeezes' ('pinch') their money ('penny') tightly, which helps you remember that a pinchpenny is a person who is very stingy with their money.
No commonly confused words.