Story on a penny saved is a penny earned
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The spirit of this idiomatic expression has been found with variations in many written scripts. The first record of a similar phrase was tracked back in 1533 in John Heywood’s book Of Gentleness and Nobility.
“A penny spar’d is twice got” is a slightly different version of the current phrase. It was found in a book named Outlandish Proverbs which compiled by George Herbert and published in 1633.
This saying was used in the passage of a book The History of The Worthies of England: Volume 2 written by Thomas Fuller which was published in 1661. The passage found in this book is: “John Yong was a monk in Ramsey Abbey at the dissolution thereof. Now, by the same proportion that a penny saved is a penny gained, the preserver of books is a mate for the compiled of them. Learned Leland looks on this Yong as a benefactor to posterity, in that he saved many Hebrew books of the noble library of Ramsey.”
Another version of this saying has been found in an English drama, Canterbury Guests, or, a Bargain Broken: A Comedy written by the famous dramatist, Edward Ravenscroft which was published in 1695. The following written record of this saying has been taken from second act and the fourth scene of the play; “This I did to prevent expenses, for a penny sav’d, is a penny got.”
Later in the 19th century, the saying has been used in the novel, Bleak House by a famous novelist, Charles Dickens. It was published in 1853. It goes, “I saved five pounds out of the brickmaker’s affair…It’s a very good thing to save one, let me tell you: a penny saved, is a penny got!”
The current version of this phrase is usually attributed to Benjamin Franklin and the first time he used this idiom in a 1900 edition of his book, Poor Richard’s Almanack.
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