Look after the pennies and the pounds will look after themselves meaning

What does the saying 'Look after the pennies and the pounds will look after themselves' mean?

Idiom: Look after the pennies and the pounds will look after themselves

Meaning:

If you look after the pennies, the pounds will look after themselves, meaning that if someone takes care not to waste small amounts of money, they will accumulate capital. ('Look after the pence and the pounds will look after themselves' is an alternative form of this idiom.)
Country: British English British English | Subject Area: Money | Usage Type: Both or All Words Used
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