Etymology Journal · A

A penny saved is a penny earned

Meaning

This means that saving money is just as valuable as earning more of it. It encourages frugality and careful management of resources.

Frugal, wise

Put that extra five dollars in your savings account, a penny saved is a penny earned.
My grandfather always lived by the motto that a penny saved is a penny earned.
Repairing the old chair instead of buying a new one saves us money, and a penny saved is a penny earned.

Attributed often to Benjamin Franklin, though it evolved from earlier proverbs about thrift. It was a staple of 18th-century practical wisdom.

Nationwide

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