"Holds purse strings" is an idiomatic expression that means having control over the financial decisions or resources of an individual or organization. The term is derived from the literal act of holding and controlling the strings attached to a purse, which symbolizes the authority over monetary matters.
When someone "holds purse strings," they possess the power and responsibility to make financial decisions, manage expenditures, allocate funds, or control the overall budget of a person, family, or an entity. This phrase often implies that the person or entity in control has the ability to influence or determine the outcome of financial arrangements, or has the final say in how money is spent.
The individual or organization that holds the purse strings is often entrusted with the task of ensuring that financial resources are utilized efficiently and effectively. They might establish budgets, set spending limits, approve or deny expenditures, negotiate financial deals, or determine investment strategies. This position carries significant authority or influence, as the one who holds the purse strings can shape the financial direction and stability of individuals, families, businesses, or institutions.
Being responsible for holding the purse strings requires a level of financial acumen, decision-making skills, and a keen understanding of the financial situation at hand. It often involves balancing competing priorities, anticipating financial needs, and making sound financial judgments.
