Penny wise

wise or prudent only in small matters; saving small sums while losing larger; penny-wise; - used chiefly in the phrase, penny wise and pound foolish.

See also: Penny

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
References in periodicals archive ?
"We are being a penny wise and a pound foolish," Gavin said.
The energy management team is penny wise but pound foolish.
It seems that the Finance Ministry is penny wise and pound foolish, as the returns that the government will get are far higher than the cost of creating more posts.
Saving on the vaccine cost and spending thousands on the treatment of influenza related complications is akin to being penny wise and pound foolish.
The situation may be likened to being penny wise but pound foolish.
Surely saving a few quid on cheaper testing is being penny wise and pound foolish?
"China is penny wise and pound foolish on the battery issue as they prevent Korean companies from making massive investments there," Paik Un-gyu, minister of trade, industry and energy, said in a press conference in Seoul.
There is also an old adage at work here: Penny wise and pound foolish.
"It's penny wise and pound foolish by Kirklees Council."
You can't afford to be penny wise and pound foolish when it comes to car insurance.