Parsimony is the extreme unwillingness to spend money or use resources. It embodies a frugal and economical approach, often to the point of being stingy or miserly. This practice prioritizes saving and avoiding unnecessary expenses, emphasizing careful management of finances and resources. While sometimes viewed positively as a sign of financial responsibility, parsimony can, in excessive cases, lead to deprivation or a lack of enjoyment due to excessive saving and refusal to spend.
Parismony meaning with examples
- The elderly woman's parsimony was legendary; she meticulously clipped coupons and reused wrapping paper, always focused on saving every penny. Despite having ample savings, she lived a very frugal lifestyle, fearing any needless expense. Her extreme frugality bordered on the extreme, but she always had a plan for all her savings.
- His parsimony in purchasing office supplies frustrated his team. They constantly ran out of essential items, hindering their productivity and requiring extra effort to find them. They had to share what they could and find work arounds to work in the most efficient ways possible. It also made their jobs feel harder to do.
- The government's parsimony in funding public services led to widespread complaints. Schools and hospitals struggled with limited budgets and faced difficulties providing adequate services to the community. The community often had to fund raise the difference. Citizens believed their needs were not being met.
- She displayed parsimony by choosing to repair her old car instead of buying a new one. She was very resourceful and looked for the lowest price for everything. Her careful approach allowed her to save significant amounts of money over the years. And it allowed her to plan for her future.