Make a Penny, Save a Penny?

Benjamin Franklin said "A penny saved is a penny earned," and that's a fact, even these days.  Depending on your tax rate and other circumstances, you could "earn" more than a penny if you saved it instead of making another one. If you invest a penny, it will earn on its own with very little further input from you. If, however, you earn another penny, by the time you pay taxes on two pennies, how much difference is there going to be in how much money you actually have?



Of course you have to make money in the first place, or you won't have any at all to save or invest. If you don't make enough to pay for your basic needs, you need to make more and that's all there is to it. We don't always have a choice of what to do at the moment, but we always have a choice of what we can do in the future, barring great emergencies.

To put it simply, saving money, in the form of buying fewer things or less of any product, will leave you with every penny saved, while making more money costs you part of that money in taxes. It's your choice.