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parsimony noun

  /ˈpɑɹ.sə.ˌmoʊ.ni/ , /ˈpɑː.sə.ˌməʊ.ni/
  • Great reluctance to spend money unnecessarily.
 Sparsamkeit, Geiz, Knauserei, Pfennigfuchserei
  • (by extension) The quality or characteristic of using the fewest resources or explanations to solve a problem.
 Parsimonie, Sparsamkeit

parsimonious adjective

  /pɑɹ.sɪˈmoʊ.ni.əs/ , /pɑː.sɪˈməʊ.ni.əs/
  • Exhibiting parsimony; sparing in the expenditure of money; frugal, possibly to excess.
 geizig, karg, sparsam
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