penny wise and pound foolish

1. 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]

Example Sentences

It brings to mind the adage “penny wise and pound foolish.”

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That has proven to be penny wise and pound foolish.

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There is also concern that this approach could wind up being penny wise and pound foolish.

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The plan to reopen against the advice of health experts may prove to "penny wise and pound foolish," she added.

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“Let’s do not short change ... Let’s do not try to low-ball it and be penny wise and pound foolish,” he said.

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