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pen·ny–wise

Pronounced:

/ˈpɛniˌwaɪz/Listen to audio

Function:

adjective

Meaning:

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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