pen·ny-wise

pen·ny-wise
/ˈpɛniˌwaız/ adj
penny-wise and/but pound-foolish
: 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 administration's plans to cut funding are penny-wise and pound-foolish.


Useful english dictionary. 2012.

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