What is the meaning of penny wise pound foolish

what is the meaning of penny wise pound foolish

penny-wise and pound-foolish

penny-wise and pound-foolish So concerned with saving money in any way possible that one fails to allocate money to things that will ultimately force one to spend more (due to lack of quality, proper maintenance, etc.). penny wise and pound foolish. 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 pennies, or pence, and is now worth pence.

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Definition of 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 plans to cut funding are penny-wise and pound-foolish. be penny-wise and pound-foolish definition: 1. to be extremely careful about small amounts of money and not careful enough about larger amounts. Learn more. Cambridge Dictionary +Plus. If someone is penny-wise and pound-foolish, they are very careful about small amounts of money but not careful enough about large amounts. If we had employed a good accountant, we would never have lost the money. In other words, we have been penny-wise and pound-foolish here.

I know you don't want to pay for this expensive course of treatment, but when ignoring your health lands you in the hospital and you have to miss work, you'll see that you were penny-wise and pound-foolish. Farlex Dictionary of Idioms. 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 pennies, or pence, and is now worth 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 : "A woman who will give up herself to a man in marriage where there is the least Room for such an apprehension See also: and , foolish , penny , pound , wise. All rights reserved. Penurious about small expenses and extravagant with large ones. That such a course is to be deplored was already made clear in the sixteenth century and was soon transferred to the foolishness of being fastidious about unimportant matters and careless about important ones.

References in periodicals archive? There is also an old adage at work here: Penny wise and pound foolish. While spending thousands of dirhams on a holiday, many people are reluctant to spend money on creating a safety barrier for their homes, and this lapse can end up costing them dearly. Pre-holiday precautions are a best practice. One added: "It's being penny wise and pound foolish. Substandard, spurious, defective and throwaway materials are sold under the guise of 'sales' to people who can be classified as living examples of the proverb ' Penny wise and pound foolish '.

Shoppers deceived. Join the debate on our Forums at Anaheim's test drive: what do teachers need to create a tech-forward classroom? This district found an unusual way to make sure the teachers' demands are met.

I just fail to understand how any government could have been so short-sighted, penny wise and pound foolish. I hope lessons have been learnt for the future. Letter: Let's hope these lessons are learnt. Many firms are penny wise and pound foolish not to employ adequate support staff who can take messages and find out what people really need.

Back to basics. Avoiding those minor sources would be penny wise and pound foolish. Yet the irony is that by adopting this tactic the Government has been penny wise and pound foolish : by reducing the availability of care home places, elderly people are staying longer in much more expensive hospital beds.

Leading Article: Care homes crisis so clear. Talk about penny wise and pound foolish - an expensive mistake that turned out to be! Eamonn Holmes' column: Outfoxed at box office. Idioms browser?

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