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What's the meaning of the phrase 'Penny wise and pound foolish'? Careful with one’s spending of small sums of money but careless and wasteful with larger amounts.
What Does the Idiom Penny-Wise and Pound-Foolish Mean? The idiom penny-wise and pound-foolish refers to a person who is careful and economical with small amounts of money (pennies) but is wasteful and imprudent with larger amounts (pounds).
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 .
The idiom "penny wise and pound foolish" is used to criticize someone for being frugal in small matters but wasteful in larger ones. It can also be used to describe short-term thinking and the failure to consider long-term consequences.
The proverb “Penny wise, pound foolish” is a timeless reminder that saving small amounts at the expense of larger, more significant costs can be detrimental. It’s about focusing on minor savings while ignoring the bigger picture, where more important financial or resource-based decisions are neglected. While being frugal or cautious with ...
penny-wise and pound-foolish. [mainly British, old-fashioned] careful in small matters but careless in more important ones. If we had auditors to go out and check on this, we would have saved billions of dollars. In other words, we have been penny-wise and pound-foolish here. Easy Learning Idioms Dictionary.
Someone who is penny wise, pound foolish can be very careful or mean with small amounts of money, yet wasteful and extravagant with large sums.
penny wise and pound foolish. Prudent and thrifty with small amounts of money, but wasteful with large amounts. Etymology: This was a famous phrase of 17th century in England. Pound represents currency of money in England.
penny-wise adj. greatly concerned with saving small sums of money; penny-wise and pound-foolish ⇒ careful about trifles but wasteful in large ventures '
Adjective [ edit] penny - wise and pound - foolish. Alternative form of penny wise and pound foolish. Categories: English lemmas.