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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.
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be penny-wise and pound-foolish meaning: 1. to be extremely careful about small amounts of money and not careful enough about larger amounts…. Learn more.
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The English idiom 'Penny Wise And Pound Foolish' meaning is to someone who is excessively concerned with saving and gaining small amounts of money in the beginning but failing to save a considerable amount for the long-term consequences. Penny means a small unit of currency or money in Britain and a Pound means a larger unit.
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Bhattacharya Utpal, Holden Craig W., Jacobsen Stacey (2012), "Penny Wise, Dollar Foolish: Buy-Sell Imbalances On and Around Round Numbers," Management Science, 58 (2), 413-31.. "Penny Wise and Pound Foolish: The Left-Digit Effect in Price Cognition," Journal of Consumer Research, 32 (1), 54-64. Crossref. Google Scholar.
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pound-foolish: [adjective] imprudent in dealing with large sums or large matters.
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Saving small spending big i.e penny wise pound foolish. Reply. David says: January 25, 2021 at 11:19 pm. Join the discussion…I want u to write a story that end up with the saying penny wise but pound foolish. Reply. Sarah says: February 24, 2020 at 2:20 am.
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Another example of being penny wise and pound foolish is someone who uses an inferior shingle to roof his house and ends up with expensive water damage because the roof leaked. The term penny wise and pound foolish was coined by Robert Burton in his work The Anatomy of Melancholy published in 1621. Burton was a scholar at Oxford University.
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Being Penny-Wise and Pound-Foolish. Avoid being overly focused on small savings while ignoring larger expenses. For example, driving extra miles to save a few cents on gas can end up costing more.
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The person credited with coining the phrase, "penny wise and pound foolish," Robert Burton, also said about writers, "They lard their lean books with the fat of others' works," and "We can say nothing but what hath been said." So, with Robert Burton's insight in mind, here's a short list of some of the best pithy lines about.
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One British Pound is made up of 100 pence. If you are said to be penny wise and pound foolish, you are extremely careful with smaller, inconsequential amounts of money, but you lose any gains you might receive from those savings on extravagant larger purchases. In other words, you are stingy with smaller amounts, and you are wasteful with.
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The meaning of PENNY-WISE AND/BUT POUND-FOOLISH is 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. How to use penny-wise and/but pound-foolish in a sentence.
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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.
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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.
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Adjective [ edit] penny wise and pound foolish (not generally comparable, comparative more penny wise and pound foolish, superlative most penny wise and pound foolish) ( idiomatic) Prudent and thrifty with small amounts of money, but wasteful with large amounts. 1942, Harry Elmer Barnes, Society in Transition: Problems of a Changing Age, page.
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Meaning: 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. All idioms have been editorially reviewed, and submitted idioms may have been edited for correctness and completeness.
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Definition of penny wise and pound foolish in the Idioms Dictionary. penny wise and pound foolish phrase. What does penny wise and pound foolish expression mean? Definitions by the largest Idiom Dictionary. Penny wise and pound foolish - Idioms by The Free Dictionary.