Region: UK | Usage example: Cutting the training budget felt penny-wise, pound-foolish.

Penny-wise, pound-foolish

Meaning

Being thrifty on small things while wasting bigger opportunities.

Warns against short-term savings that cause bigger losses.

Origin notes can vary by region and source; this page gives the commonly reported explanation and usage context.

British currency metaphor contrasting cheap pennies with heavy pounds.

Common in financial advice pamphlets from the 19th century.