What does 'Penny wise, pound foolish' mean?

Someone who is penny wise, pound foolish can be very careful or mean with small amounts of money, yet wasteful and extravagant with large sums.

• Category: Money

Idioms similar to 'Penny wise, pound foolish'

• In for a penny, in for a pound
• A penny saved is a penny earned
• A penny saved is a penny earned
• Early to bed, early to rise, makes a man healthy wealthy and wise
• Pink pound
• Sound as a pound
• Ten a penny
• Penny pincher
• The penny dropped
• Spend a penny
• A penny for your thoughts
• A pretty penny
• Penny ante
• Turn up like a bad penny