purse strings

American  

plural noun

1. the right or power to manage the disposition of money.

   in control of the family purse strings.

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idioms

1. hold the purse strings, to have the power to determine how money shall be spent.

2. loosen / tighten the purse strings, to increase or decrease expenditures or the availability of money.

   The budget committee is in the process of tightening the purse strings.

purse strings British  

plural noun

1. control of finance or expenditure (esp in such phrases as hold or control the purse strings )

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purse strings More Idioms  

1. Financial resources or control of them, as in His mother doesn't want to let go of the purse strings because he may make some foolish investments. This expression is often extended to, as in As long as Dad holds the purse strings, we have to consider his wishes, or The company is tightening the purse strings and will not be hiring many new people this year. The purse strings in this idiom are the means of opening and closing a drawstring purse. [Early 1400s]

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Etymology

Origin of purse strings

late Middle English word dating back to 1375–1425

Example Sentences

In its most recent earnings report, Brown-Forman said sales in markets like the U.S. and Europe are hurting as affordability issues have plagued consumers, who are tightening their purse strings.

From The Wall Street Journal

Basic economy passengers can upgrade when spending is strong, while business-class travelers can trade down to premium economy when purse strings tighten.

From The Wall Street Journal

Fund managers often turn to banks to meet redemption requests from investors, but their purse strings may tighten.

From The Wall Street Journal

That’s a precarious model if middle-class Americans have to tighten their purse strings.

From MarketWatch

Ironically, the rise of online book-buying—requiring internet access and a credit card—has helped keep purse strings in the hands of mom and dad.

From The Wall Street Journal