false economy



false economy

An initial attempt to save money that ends up costing a person more money in the future. Although people often join wholesale clubs for the discounts, it ends up being a false economy because they spend more there than they would at a regular grocery store. Not getting regular oil changes might save you money in the short term, but it's a false economy because you'll ruin your engine.
See also: economy, false

Common Names:

NameGenderPronouncedUsage
Luule-Estonian
GuifrÉ-Catalan
Despina-Greek, Macedonian
Gwalchmei-Welsh Mythology
Krasimir-Bulgarian, Medieval Slavic
Lou[lu:]