American Idioms – Idiom Wizard Lists Over 5,500 Idioms & Slang Descriptions

Penny-wise,pound foolish

DEFINITION

(Old fashioned) A bad deal. While you may be saving pennies (small amount of money), you are in turn wasting pounds (much more money). Derived from an old  British saying as pennies pounds are English monetary units.

To save on milk money, she would drive to the other side of town for a cheaper price.  But with the price of gasoline that seems penny wise but pound foolish to me.”

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