false economies
Savings that backfire
False economies are apparent savings that end up costing more in the long run.
Buying cheap shoes that wear out in months, skipping preventive maintenance until major repairs are needed, or understaffing until productivity collapses—all are false economies.
The phrase captures the shortsightedness of prioritizing immediate cost reduction over lasting value: Cutting the training budget proved a false economy when errors multiplied.
- skimpingProviding less than needed
- cheapLow in price
- underinvestmentInadequate allocation of resources
- deferred maintenancePostponed upkeep work
- inefficiencySuboptimal use of resources
shortsightedness · waste · counterproductive · penny-pinching · nickel and diming · cutbacks · misallocation · band-aid solutions · miscalculations · mismanagement · opportunity costs · regret · cutting corners · budget cuts · reductions · thriftiness · shortcut · tunnel vision
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