You’ve heard the expression, “Pennywise and pound foolish?” Here in the States, we could say “Pennywise and dollar foolish.”
A good example is when someone is more concerned about the interest they’re getting on their savings account than the interest they’re paying on their mortgage.
When managing your finances, shopping around for the best interest rates on savings is wise. However, focusing on reducing the interest on your mortgage can have a much bigger payoff.
