Pinch pennies
Definition 1 of 1
Pro Tip 1/3Informal Use
The phrase 'pinch pennies' is casual and best used in informal settings like conversations among friends. 
I can't go to the movies tonight, I'm trying to pinch pennies until payday.
Pro Tip 2/3Non-literal Phrase
'Pinch pennies' means to be frugal—it doesn't mean literally pinching coins with your fingers. 
She doesn't really pinch every penny, but she's definitely frugal with her budget.
Pro Tip 3/3Money-Saving Context
Use 'pinch pennies' when talking about saving money or cutting down on expenses. 
Since we're planning a big trip next year, we need to start pinching pennies now.