Definition:

Parsimonious is an adjective that describes an individual or entity that is extremely frugal, economical, or thrifty in their behavior, especially when it comes to spending money or resources. Such a person or organization tends to be careful and restrained in their expenditures, often resulting in saving or conserving as much as possible.

Attributes:

• Economical: Parsimonious individuals are known for their wise and prudent management of resources, making every effort to avoid waste or unnecessary expenses.
• Frugal: These individuals exercise great restraint, avoiding practices of luxury or indulgence, and instead, opting for simplicity.
• Thrifty: Parsimonious people are diligent about finding cost-effective solutions and bargains, allowing them to make the most of their money.
• Saving: Being mindful of their financial situation, parsimonious individuals prioritize building savings and wealth over unnecessary or impulsive purchases.
• Conserving: They adopt practices that minimize waste and reduce consumption, mindful of the impact their actions have on the environment.

Example:

An example of a parsimonious person is someone who meticulously plans their budget, carefully researching prices before making any purchase, and always opting for the most cost-effective options.