pennywise
penny-wise and dollar-foolish
So concerned with saving money in any way possible that one fails to allocate enough money to solve large or important problems, ultimately forcing one to spend more in the long run. I know you don't want to pay for this expensive course of treatment, but when ignoring your health lands you in the hospital and you have to miss work, you'll see that you were penny-wise and dollar-foolish. Don't let yourself become penny-wise and dollar-foolish when it comes to home repairs. Saving a few hundred dollars now on shoddy work could cost you several thousand down the line!
See also: and
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.). I know you don't want to pay for this expensive course of treatment, but when ignoring your health lands you in the hospital and you have to miss work, you'll see that you were penny-wise and pound-foolish.
See also: and
Farlex Dictionary of Idioms.
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
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs.
penny-wise and pound-foolish
mainly BRITISH, OLD-FASHIONEDIf 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
Collins COBUILD Idioms Dictionary, 3rd ed.
- be penny-wise and dollar-foolish
- foolish
- color of someone's money, see the
- be burning a hole in (one's) pocket
- be burning a hole in your pocket
- blood money
- caught short
- be caught short
- be caught/taken short
- be made of money