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Explaining "A penny saved is a penny earned"

Reviewed and edited by Lloyd Cooper 02/10/2024, 16:55
English.me team member

What does it mean?

A penny saved is a penny earned

The phrase means that saving money is just as valuable as earning money because both actions contribute to increasing your wealth or financial resources.

Tone

Practical

Origin

The phrase is commonly attributed to Benjamin Franklin, who popularized it in the 18th century through his writings, although the exact wording may have varied.

Examples of usage

  • Instead of spending on unnecessary items, remember that a penny saved is a penny earned.
  • Living frugally, she reminds herself that a penny saved is a penny earned.
  • Grandpa always told me that a penny saved is a penny earned, which is why I started budgeting early.

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