penny-wise and/but pound-foolish

Definition of penny-wise and/but pound-foolish

  1. :  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 The plans to cut funding are penny-wise and pound-foolish.

Word by Word Definitions

penny-wiseplay
  1. :  wise or prudent only in dealing with small sums or matters

pound-foolishplay
  1. :  imprudent in dealing with large sums or large matters


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