penny-pinching \penny-pinching\ n. Extreme care in spending money; reluctance to spend money unnecessarily.
Syn: parsimony, parsimoniousness, thrift. [WordNet 1.5]
Source: The Collaborative International Dictionary of English v.0.48
penny-pinching \penny-pinching\ adj. Scrimping; reluctant to spend money; stingy; miserly; same as cheesparing.
Syn: cheeseparing, close. [WordNet 1.5 +PJC]
penny-pinching adj : giving or spending with reluctance; "our cheeseparing administration"; "very close (or near) with his money"; "a penny-pinching miserly old man" [syn: cheeseparing, close, near] noun extreme care in spending money; reluctance to spend money unnecessarily [syn: parsimony, parsimoniousness, thrift]
Source: WordNet (r) 2.0