Tight wad is a term used to describe someone who is stingy or reluctant to spend money. However, there are a variety of other words that can be used to describe this type of person. Some synonyms for tight wad could include penny-pincher, cheapskate, miser, skinflint, stingy, or even scrooge. These words all describe someone who is not willing to spend money freely, and who may even go to great lengths to save every penny. While being frugal is admirable, being excessively tight wad can have negative consequences on one's social and personal life.