en English es español fr française it italiano de deutsche ja 日本語 pl polski cs česky sv svenska tr Türkçe nl Nederlands

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.

Recommended posts in Phrases

The only way to find a friend is to be one

The only way to find a friend is to be one

This phrase means that in order to find true friendship, ... Learn more →

When it rains it pours

When it rains it pours

The phrase "When it rains, it pours" means that when ... Learn more →

Procrastination is the thief of time

Procrastination is the thief of time

The phrase "Procrastination is the thief of time" means that ... Learn more →

It is a small world

It is a small world

The phrase "It is a small world" is used to ... Learn more →