W.O.W.- parsimony

parsimony \PAHR-suh-moe-nee\, noun:
Closeness or sparingness in the expenditure of money; -- generally in a bad sense; excessive frugality.

Here it is in a sentence:
"I came very close to buying four delicate Lake chairs with needlework seats for $395 before parsimony got the better of me."
-- Susan Spano, "Roaming Columbia County", New York Times, August 31, 1997
(dictionary.com)

I'm not sure why I chose this word. Maybe because it made me think. Surely, it is subjective and probably different for everyone, but I wondered, what does excessive frugality mean to me?
to you?