To exhibit overwhelming prudence in financial or budgetary matters.
"Our finances will be OK in Dave's capable hands. He'd skin a turd that guy..."
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You will try anything to make that Extra Penny even though your latest venture won't stop your business from sinking and you from going broke.
I See the poor old dears that own the local post office and petrol station have started a takeaway out their side window. They're skinning a Turd as they won't get anymore customers....