Cheap Talk with Jeff Yeager, a.k.a. The Ultimate Cheapskate

A penny saved is a penny earned. You've heard it your whole life, and Ben Franklin spoke the truth when he first said it nearly 250 years ago.

Although, no offense to Mr. Franklin, but when you really stop to think about it, a penny saved is actually worth a good deal more than a penny earned.

After all, you need to factor in the taxes you pay on that earned penny and the other costs you incur in earning that penny - the cost of commuting to your job, the cost of childcare while you're working, the cost of any special apparel or equipment needed to perform your job, and on and on and on. And then there's the fact that that saved penny is probably earning you more money if it's invested, or at least sitting in savings account. 

In fact, I'll go so far as to call out dear old Uncle Ben and declare that a penny saved is actually worth two or three times more than a penny earned. That's why saving even a penny or two here and there is such a powerful concept when it comes to getting your financial house in order and attaining financial freedom and peace of mind.

And that's precisely what I'll focus on in upcoming posts. Helping you save money by being a smart consumer. Deciding what's really important in life and finding creative ways to afford it. Enjoying life more by spending less, and having some laughs along the way.

I hope you'll take a few minutes to join me here every week for a new savings tip or other cheapskate thought. I encourage you to share your ideas, too. Let's talk cheap together.

And I hope that next time you see a lone penny on the sidewalk, you'll bend over and pick it up. It's worth a lot more than even Ben Franklin said.

Photo by ChrisM70 via Flickr Creative Commons.