belt-tightening

US /ˈbeltˌtaɪt.nɪŋ/
UK /ˈbeltˌtaɪt.nɪŋ/
"belt-tightening" picture
1.

the practice of spending less money because there is less money available

:
The company announced a period of belt-tightening due to the economic downturn.
Families are facing severe belt-tightening measures.