Parsimony/ˈpɑːrsɪməʊni/ Definition 1 of 3Pro Tip 1/3Positive Connotation Parsimony can suggest wise money management rather than extreme stinginess or greed. Due to his parsimony, he retired comfortably without any debt. Pro Tip 2/3Not Always Negative Being parsimonious isn't always seen as negative; it can be viewed as being prudent. Her parsimony meant she always had funds for emergencies. Pro Tip 3/3Personal Narrative Often used to describe an individual's long-term approach to finances or resources. His lifelong parsimony was evident in his modest lifestyle.