A penny saved is two pence clear
Meaning
Franklin's proverb from Poor Richard's Almanack points out that saving beats earning, since saved money is free of the costs and taxes that earnings attract. Make it concrete by cancelling one unused subscription this week and moving that amount into a savings account.
Source: Hints For Those That Would Be Rich, Poor Richard's Almanack (1737)
About the author
(1706–1790) was one of the Founding Fathers of the United States, known for his contributions as a writer, inventor, scientist, and diplomat. He played a crucial role in drafting the Declaration of Independence and securing French support during the American Revolution. Franklin’s scientific experiments, particularly with electricity, earned him international recognition. He also invented practical devices such as bifocal glasses and the lightning rod. His writings, including "Poor Richard’s Almanack," are filled with wisdom and practical advice. Benjamin Franklin’s legacy embodies curiosity, innovation, and civic responsibility, making him one of history’s most versatile and influential figures.
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