Parsimony
Pronunciation: /ˈpɑːrsəˌmoʊniː/
Parsimony (noun)
- A habit of spending as little money as possible, even when it is reasonable to spend more.
- Choosing the smallest amount of time, effort, or materials needed to get a result.
- In reasoning, preferring the simplest explanation that uses the fewest assumptions.
Examples
- Her parsimony made her refuse small purchases.
- Parsimony in spending can hurt your quality of life.