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Parsimony, n.

Pronunciation: ˈpärsəˌmōnē

Meaning: Parsimony refers to a rather austere commitment to frugality, or an aversion to spending money or other resources.

Usage:

• I think you need to have a little parsimony injected into your brain; your spending habits are out of control!
• A great tradition of public design has been shattered by government parsimony.
• Due to official parsimony only the one machine was built.