A penny saved is a penny earned

Idiom

A penny saved is a penny earned

Definition

This idiom means that it is better to save money than to spend it, as money saved can later be used for other purposes or investments.

Examples

My parents always told me that a penny saved is a penny earned so I am always careful with my money.

I always try to save money whenever I can, because a penny saved is a penny earned.

Origin

This phrase is attributed to Benjamin Franklin and is thought to have been written in his book, The Way to Wealth, which was published in 1758.

FAQs

Q: Why is the phrase ‘a penny saved is a penny earned?’ A: This phrase is used to emphasize the importance of saving money and that money saved is equivalent to money earned.