Parsimony (noun)

Extreme reluctance to spend money or use resources.

Origin:

Middle english, from latin parsimonia, from parsus, past participle of parcere to spare.

Examples:

1. The company's parsimony led to a lack of necessary resources and equipment.
2. Her parsimony was legendary, she would never spend money on anything unnecessary.
3. The government's parsimony led to cuts in essential services.
4. His parsimony extended to not only money, but also time and effort.
5. The parsimony of the organization was detrimental to its ability to function effectively.