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Answer for the clue "Unwise financial procedure that could have company in money, strangely ", 13 letters:
false economy

Word definitions for false economy in dictionaries

Wikipedia Word definitions in Wikipedia
A false economy is an action that saves money at the beginning but which, over a longer period of time, results in more money being spent or wasted than being saved. For example, if a city government decided to purchase the least expensive automobiles for ...

Wiktionary Word definitions in Wiktionary
n. An attempt to economize that fails because the less expensive approach is somehow inferior.

Usage examples of false economy.

Although retrieving it would save purchasing another, I'm afraid it would be a false economy if Millisor followed it to Athos with an army at his back and genocide on his mind.

So Serena, remarking that to keep five indoor servants in idleness for several months would be a false economy, discarded all ideas of renting lodgings, and dispatched Lybster to Bath to inspect the various houses recommended by the agent.

I know you think the money looks good, and that the IT it buys will more than compensate for the cuts you take, but it's a false economy-a bad bet.