What is what does a penny saved is a penny earned mean?

The phrase "a penny saved is a penny earned" means that saving money is just as valuable as earning money. It emphasizes the importance of being thrifty, frugal, and wise with one's finances. By saving money and not spending unnecessarily, one can accumulate wealth and financial security over time.

This phrase dates back to the 17th century and is often attributed to Benjamin Franklin, who was known for his wise words on money management and frugality. It is a reminder that every small amount saved adds up over time and can lead to greater financial stability and success in the long run. Ultimately, the key message is that being mindful of your spending habits and saving money can be just as beneficial as earning more money.