foolish

To be so concerned with saving money that one ignores larger problems and ultimately ends up spending more. I know you don't want to pay for this expensive course of treatment, but when ignoring your health lands you in the hospital, you'll see that you were penny-wise and pound-foolish.

Prov. thrifty with small sums and foolish with large sums. (Describes someone who will go to a lot of trouble to save a little money, but overlooks large expenses to save a little money. Even in the United States, the reference is to British pounds sterling.) Sam: If we drive to six different grocery stores, we'll get the best bargains on everything we buy. Alan: But with gasoline so expensive, that's penny-wise and pound-foolish.

unwise because doing something small now would prevent much more trouble later Education budget cuts are penny wise and pound foolish – public education is an investment in our future.

to be extremely careful about small amounts of money and not careful enough about larger amounts of money Saving a little bit of money on repairs can lead to long-term damage. You don't want to be penny-wise and pound-foolish, now do you?

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 240 pennies, or pence, and is now worth 100 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 (1712): "A woman who will give up herself to a man in marriage where there is the least Room for such an apprehension ... may very properly be accused ... of being penny wise and pound foolish." [c. 1600]