What is another word for false economy?
Pronunciation: [fˈɒls ɪkˈɒnəmi] (IPA) 
A "false economy" is something that initially appears to be a financial advantage, but upon closer inspection, ends up costing more than it saves. Synonyms for this term include "penny-wise and pound-foolish," "short-sighted," "cutting corners," "savings at the expense of quality," and "cheaper in the short run, but more expensive in the long run." Other phrases used to describe a "false economy" include "band-aid solutions," "quick fixes," and "cutting corners." These terms all describe actions that may save money in the short term but can lead to more significant expenses in the long term. Simply put, a "false economy" is not a wise financial decision.
