Penny Wise, Pound Foolish

These words apply to people who practice a kind of false economy. They are thrifty in small matters and careless over larger ones. it is true that we should be careful in spending our money, whether large or small. We are all familiar with the saying 'Money saved is money earned. But it doesn't mean that we should cut down while spending on the essential things. We should spend where it is necessary to spend, without any hesitation. Often in trying to save petty amounts we end up spending large sums later.