Penny Pinchers are people who are very frugal with their money. They are often referred to as misers, cheapos, TIGHTWADS, and pikers. Miser is a 6 letter word meaning someone who is extremely reluctant to spend money or use resources. Cheapo is a 7 letter word meaning someone who is very stingy with money. Tightwad is a 9 letter word meaning someone who is very unwilling to spend money. Piker is a 6 letter word meaning someone who is very careful with their money. All of these terms refer to people who are very careful with their money and try to save as much as possible.