Meaning of the word penny-pinching in English

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

penny-pinching

US /ˈpen.iˌpɪn.tʃɪŋ/
UK /ˈpen.iˌpɪn.tʃɪŋ/
"penny-pinching" picture

Adjective

unwilling to spend money; extremely frugal or stingy

Example:
The company's penny-pinching policies have led to a decline in employee morale.
I'm tired of your penny-pinching attitude whenever we go out to dinner.

Noun

the practice of being extremely frugal or stingy with money

Example:
Through constant penny-pinching, they managed to save enough for a house.
The government's penny-pinching on public services has been widely criticized.