false economy

(redirected from a false economy)

false economy

An initial attempt to save money that ends up costing a person more money in the future. Although people often join wholesale clubs for the discounts, it ends up being a false economy because they spend more there than they would at a regular grocery store. Not getting regular oil changes might save you money in the short term, but it's a false economy because you'll ruin your engine.
See also: economy, false
References in periodicals archive ?
Cuts to sport and youth projects are "a false economy", according to the author of a new report.
Report author Camilla Nevill said: "Cuts to sport and youth projects are a false economy. Sport combined with targeted support has huge potential to engage hard-to-reach young people, change lives and communities, and provide value for money."
A false economy. A false Chancellor and Prime Minister in Blair: a false government and backbenchers who were happy to sit back and accept the accolades.