penny-wise and pound-foolish

penny-wise and pound-foolish

So concerned with saving money that one ignores larger problems and ultimately ends up spending more. I know you don't want to pay for this expensive course of treatment, but when ignoring your health lands you in the hospital, you'll see that you were penny-wise and pound-foolish.
See also: and

penny-wise and pound-foolish

Prov. thrifty with small sums and foolish with large sums. (Describes someone who will go to a lot of trouble to save a little money, but overlooks large expenses to save a little money. Even in the United States, the reference is to British pounds sterling.) Sam: If we drive to six different grocery stores, we'll get the best bargains on everything we buy. Alan: But with gasoline so expensive, that's penny-wise and pound-foolish.
See also: and

penny wise and pound foolish

Stingy about small expenditures and extravagant with large ones, as in Dean clips all the coupons for supermarket bargains but insists on going to the best restaurants-penny wise and pound foolish . This phrase alludes to British currency, in which a pound was once worth 240 pennies, or pence, and is now worth 100 pence. The phrase is also occasionally used for being very careful about unimportant matters and careless about important ones. It was used in this way by Joseph Addison in The Spectator (1712): "A woman who will give up herself to a man in marriage where there is the least Room for such an apprehension ... may very properly be accused ... of being penny wise and pound foolish." [c. 1600]
See also: and, foolish, penny, pound, wise

penny-wise and pound-foolish

mainly BRITISH, OLD-FASHIONED
If someone is penny-wise and pound-foolish, they are very careful about small amounts of money but not careful enough about large amounts. If we had employed a good accountant, we would never have lost the money. In other words, we have been penny-wise and pound-foolish here. We are being penny wise and pound foolish, trying to save a few dollars and hastening the time when we are going to have another accident.
See also: and

penny wise and pound foolish

careful and economical in small matters while being wasteful or extravagant in large ones.
See also: and, foolish, penny, pound, wise
References in periodicals archive ?
But, we need to overcome our penny-wise and pound-foolish behavior and figure out a way to provide a steady flow of dollars to fix our roads and bridges.
But our current budget shortfall isn't a time to be penny-wise and pound-foolish.
For instance, it seems penny-wise and pound-foolish to have to import the best fixed-wing firefighting aircraft from both eastern and western Canada.
The HUD press release notes that Donovan told the Senate subcommittee: "Like many federal domestic agencies, FHA has suffered under the penny-wise and pound-foolish priorities of the previous administration.
By constraining acquisition officers, we're being penny-wise and pound-foolish, because you might save a little on human capital costs, but you're losing a lot in terms of cost overruns and other problems in the procurement budget.
Dubai: Freelance butchers have surfaced once again to offer their services to residents who are penny-wise and pound-foolish and have little or no concern for the health risks that they might inflict on their families and colleagues.
may be penny-wise and pound-foolish, and not in the best interests" of litigants.
The fact remains though that our civic leaders have behaved in a penny-wise and pound-foolish way.
Unfortunately, Boro are penny-wise and pound-foolish.
To date, the price/performance of enterprise class storage products has been carefully shrouded, leaving consumers, in many cases, penny-wise and pound-foolish.
On the other hand, "You shouldn't be penny-wise and pound-foolish," warns Steven Candela, matrimonial and family court practitioner of Mannarino Candela in New York City.
Some suppliers bristle et too much emphasis on installation costs--a mindset that Motan's Thiele calls penny-wise and pound-foolish.
It would be penny-wise and pound-foolish to allow this vital piece of our national transportation infrastructure to wither away or be dismantled piece by piece.
It is penny-wise and pound-foolish to use any potting mix other than the best.
Don't be penny-wise and pound-foolish with something as important as an information system.