Parsimony comes from Latim parsus, which is the past participle of parcere (to spare). Parsimony indicates an excessive care with the spending of money. A synonym for parsimony is frugality.
Childhood in beautiful Shropshire and Cambridge was clouded by her parents’ unhappy marriage, her mother’s compulsory detention in a mental institution and her father’s parsimony. (NY Times)
Hokuetsu had recently invested a great deal of money in new equipment, at a time when Oji and Nippon Paper, after years of parsimony, needed fresh equipment too. (The Economist)