Definition of “be penny-wise and pound-foolish” - English Dictionary

british 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)