Meaning of the word penny-pincher in English

What does penny-pincher mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

penny-pincher

US /ˈpɛn.iˌpɪn.tʃər/
UK /ˈpɛn.iˌpɪn.tʃər/
"penny-pincher" picture

Noun

a person who is unwilling to spend money

Example:
My uncle is such a penny-pincher; he always looks for the cheapest deals.
Don't expect a lavish gift from a penny-pincher.