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Meaning of “be penny-wise and pound-foolish” in the English Dictionary

"be penny-wise and pound-foolish" in British English

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be penny-wise and pound-foolish

old-fashioned
to be extremely careful about small amounts of money and not careful enough about larger amounts of money
(Definition of be penny-wise and pound-foolish from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)
Translations of “be penny-wise and pound-foolish”
in Chinese (Simplified) 小钱仔细,大钱挥霍, 大处不算小处算…
in Chinese (Traditional) 小錢仔細,大錢揮霍, 省小錢花大錢…
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