Definitions

1. adjective

given to or characterized by a willingness to give up something, especially valuable or desirable things, for a relatively small advantage or benefit

“He made a penny-wise but pound-foolish decision by choosing the cheaper option, which ended up breaking down quickly.”

2. noun

a person who is unwilling to spend money or take risks, preferring to be cautious and prudent

“My penny-wise grandfather always carried a coupon book to save money on his grocery shopping.”

3. verb

to behave in a cautious or frugal manner, especially in a way that is considered overly careful or stingy

“She penny-wised her way through the shopping trip, carefully selecting every item and calculating the costs.”