A penny saved is worth two pennies earned .. . after taxes.

Randy Thurman
About This Quote

This saying is often used as a reason for why we should not spend money we don’t need to on things that are not absolutely necessary. A penny saved is worth two pennies earned . . .

after taxes. The idea here is that you can save money in various ways. If you buy food in bulk, it costs less, but the money you saved on food could be spent on something else.

This saying is an example of the belief that saving money is good for your overall financial situation, also known as “the power of compounding.”

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  1. A penny saved is worth two pennies earned .. . after taxes.
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