Difference between Niggardliness and Parsimony

What is the difference between Niggardliness and Parsimony?

Niggardliness as a noun is the state of being niggardly while Parsimony as a noun is great reluctance to spend money unnecessarily.

Niggardliness

Part of speech: noun

Definition: The state of being niggardly

Parsimony

Part of speech: noun

Definition: Great reluctance to spend money unnecessarily.By analogy from (1), principle of using the least resources or explanations to solve a problem.

We hope you now know whether to use Niggardliness or Parsimony in your sentence.

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