cut your losses
US /kʌt yʊər ˈlɔsɪz/
UK /kʌt yʊər ˈlɔsɪz/
1.
to stop doing something that is clearly going to be unsuccessful before you lose any more money, time, or effort
:
•
After investing so much, it was hard to cut our losses, but the business was failing.
•
It's time to cut your losses and move on to a new project.