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Related to penny pincher: penny pinching
Someone who is extremely frugal, niggardly, or miserly with their money; someone who is very unwilling or reluctant to spend. My ex-husband was such a penny pincher that, on the rare occasion we would go out to eat, he wouldn't even leave a tip! It was when I was completely broke in college that I became something of a penny pincher.
To spend as little money as possible; to be especially frugal, especially with the aim of saving up for something bigger. Ever since we had our second child, we've had to pinch pennies to make sure they both get what they want for Christmas.