What's the meaning of the phrase 'Penny-pinching'?
Parsimonious; mean with money.
What's the origin of the phrase 'Penny-pinching'?
'Penny-pinching' is an old English expression and is first recorded in Thomas Dekker's play Shomakers Holiday, 1600:
Let wine be plentiful as beere, and beere as water, hang these penny pinching fathers.
The phrase wasn't then much used for several centuries and re-emerged in the USA in the 20th century, and it is from there that it spread to become a commonplace part of the language.