“A penny saved is a penny earned”

Informant AB is a 23-year-old male who is from the East Bay in Northern California. He is a student at the University of Southern California in his third year as a civil engineer major. Here, he discuses a proverb that he learned from his father while growing up:

AB: “My dad would always say, ‘A penny saved is a penny earned.’”

Where did your dad learn this proverb?

AB: “My dad learned it from his father who also learned it from his father.”

Does this proverb have any significance to you?

AB: “Absolutely. I believe that it is always best to save money when you have it and just because you do have money doesn’t mean you should be spending it. It is smarter to save it for a rainy day.”

How do you use this proverb in your everyday life?

AB: “I try to save as much money as I can and I generally don’t spend more than I take in. I’m always trying to save a little bit no matter what. And when the day comes when I have my own kids, I will pass this on to them to help them understand and learn the value of a dollar and to not spend frivolously because this was the way I was taught by my parents.”


This proverb that the informant shared with me I found to be very relatable in that I was raised in a similar way in regards to valuing money. This proverb was originally stated by one of our founding fathers, Benjamin Franklin in the 1700’s. This proverb provides a positive connotation in that it is important to save money in the moment because it will benefit you in the long run. It teaches you to the importance and value of money and what you have.