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The English idiom “penny wise and pound foolish” is a popular saying that warns against safeguarding pennies while risking pounds. In other words, being stingy with small sums of money while being extravagant with larger sums.
The meaning of PENNY-WISE AND/BUT POUND-FOOLISH is careful about small amounts of money but not about large amounts —used especially to describe something that is done to save a small amount of money now but that will cost a large amount of money in the future. How to use penny-wise and/but pound-foolish in a sentence.
BE PENNY-WISE AND POUND-FOOLISH definition: 1. to be extremely careful about small amounts of money and not careful enough about larger amounts…. Learn more.
What's the meaning of the phrase 'Penny wise and pound foolish'? Careful with one’s spending of small sums of money but careless and wasteful with larger amounts.
penny-wise and pound-foolish. So concerned with saving money in any way possible that one fails to allocate money to things that will ultimately force one to spend more (due to lack of quality, proper maintenance, etc.).
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.
To be 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.
Learn the meaning of the idiom 'penny wise and pound foolish' and how to avoid being overly frugal in ways that end up costing you more money in the long run.
The expression "penny-wise and pound foolish" refers to someone who, in their effort to save a small amount of money, ends up wasting a larger sum in the long run. In Sarah's case, she was trying to save a few cents per cartridge by buying the generic brand, but she didn't realize that the ink would run out more quickly, leading her to replace ...
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Someone who is penny wise, pound foolish can be very careful or mean with small amounts of money, yet wasteful and extravagant with large sums.
