While technically it comes from a different root word, the fact is that nobody says it anymore.
Back in the 70’s there was a big media uproar about the use of the word and media defended the use. And then nobody has used it since. Also a college was used and a teacher lost his job over the use of that word.
The simple fact is that it sounds too similar to the “n” word regardless of the original root being different.
Use “Cheap” it’s easier to say and will keep you out of trouble.
How about miserly?