Benjamin Franklin: A Penny Saved
on Wednesday, January 8, 2020Benjamin Franklin Money Quote saying that if one avoids spending money, it is as good as income. Benjamin Franklin said:
“A penny saved is a penny earned” — Benjamin Franklin
(“A penny saved is a penny earned” is often attributed to a letter Franklin wrote in 1750 titled “Advice to a Young Tradesman.”)
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Benjamin Franklin’s quote “A penny saved is a penny earned” means that avoiding unnecessary spending is as good as making money. By not spending money unnecessarily, you are effectively earning that money because you still have it available.
The quote encourages people to save money rather than spend it frivolously. It suggests that being frugal and avoiding wasteful expenses is just as valuable financially as making money through work or other means. In other words, saving even small amounts of money, like a penny, is equivalent to earning that money through your labor or investments.