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Read these Ben Franklin quotes to get inspired and save money.

These Ben Franklin Quotes Will Save You Money

Updated on April 20, 2021

 Personal Finance

Benjamin Franklin, that guy on the $100 bill, was one of the Founding Fathers of the United States. He rose from being a 17-year-old runaway to gifting the world numerous inventions, publications and, oh yeah, he helped draft the Constitution of the United States. His entrepreneurial spirit empowered him to build wealth, serve his community, and create a better life for future generations. He left a great deal of prudence and advice from his many pamphlets and publications. It's his birthday today, so I thought I would share some of Ben Franklin's best financial advice.

7 Financial Tips from Ben Franklin

“A Penny Saved Is A Penny Earned”

One of the most famous quotes of Benjamin Franklin and most useful for modern society. Saving money is the most important factor for your financial stability and building wealth and a support system during a financial crisis. Benjamin Franklin knew what he was talking about when it came to saving money, as he was able to put enough aside to retire fairly early and his advice is still beneficial to us today.

“Rather Go To Bed Without Dinner Than To Rise In Debt”

This lesson cautions people for not spending their money sensibly. It’s better to control your expenses to an extreme level rather than to sustain debt in order to afford a lifestyle that is well beyond your means. This is an important thing to learn as many people in today’s life often fall into debt because they spend money they can't afford to fulfill a lavish lifestyle. Living with debt severely impacts your lifestyle and you should do everything possible to prevent it.

“Never Keep Borrowed Money An Hour Beyond The Time You Promised”

Another great lesson on how to avoid debt and save money. The longer you have loans or credit card debt, the more money you’ll end up paying in interest. Even if you borrow money online or from friend or family member; it's the same advice you need to be keep in mind. Paying it back in a timely manner is not only polite, but it means they’ll be more likely to lend you money again.

“An Investment In Knowledge Pays The Best Interest”

When people think about investments, they usually think about getting the best interest return on their money. But Franklin thinks the overall return you can get on your money is also by investing in yourself and improving your knowledge and skills. When you invest in yourself, you expand the opportunities of being able to do more things, resulting in you gaining more money in return.

“Gain May Be Temporary And Uncertain, But Ever While You Live, Expense Is Constant And Certain”

This one is relevant especially for today’s economy. You are financially stable today but that not might be the situation tomorrow. You never know when you could lose a job or suddenly win a jackpot. No matter what your current financial situation is, you know that you’ll always have expenses to pay and you should consider that into your daily life regardless of your personal wealth.

“He That Is Of The Opinion Money Will Do Everything May Well Be Suspected Of Doing Everything For Money”

Benjamin cautioned people against not letting money command them. Everyone wants to be financially stable and wants to make enough to buy their desired stuff and it’s easy to convince yourself that your life will be better with more money. But you have to be careful that you don’t let your greed for money dominate and ruin your life. Some people will do risky things for money, sometimes ending up in debt or bankruptcy.

“Money Never Made A Man Happy Yet, Nor Will It. The More A Man Has, The More He Wants”

Money doesn’t provide happiness. It’s a lesson that many people still have a difficult time remembering today. Ben Franklin knew that money was a means to an end, not the end itself. It’s a medium to get the things you need, but it can’t bring happiness just by having it. And if you think that it will bring you happiness, you will always be seeking more because it will never satisfy what you hope it would be. We hoped you enjoyed these Ben Franklin quotes and that you can apply some these lesson to your own financial plan. We do understand that sometimes unexpected financial emergencies do show up in life from time to time. If you find yourself wondering how to get a payday loan or you have a clear car title and you need Reno title loans, please feel free to visit CASH 1.

Photograph of author Joseph Priebe

Joseph Priebe

Joseph Priebe takes pride in assisting audiences with his articles to help them make sound financial decisions.

With over ten years of experience writing financial content his goal at CASH 1 has always been creating engaging and easy-to-digest information for anyone searching for immediate or long-term monetary solutions.

When Joseph is not writing about personal finance, you can find him photographing the Southwest United States with his 4x5 Graflex Crown Graphic camera. He is based in Phoenix, Arizona.