Benjamin Franklin was a very frugal man and had some extremely wise words on the subject. His frugal wisdom still apply to today’s times despite being over 200 years old!
(Benjamin Franklin also wrote a book called The Way To Wealth and there is a link at the bottom of this post to an online version of the book.)
I can relate to: #1, #5, #10, #13, #14, #16, #17, #19, #20 (SO wise), #24, #25 (YES!), #27, #30, #31, #32 (love it), #33, and #36 (touché). So, pretty much all of them. Which ones do you relate to?
Frugality (40-78) – Prudent economy; that careful management of anything valuable which expends nothing unnecessarily, and applies what is used to a profitable purpose; thrift; — opposed to extravagance
- Beware of little expenses; a small leak will sink a great ship
- Buy what thou hast no need of, and before long thou shalt sell thy necessaries
- A fat kitchen makes a lean will
- Many estates are spent in the getting, Since women for tea forsook spinning and knitting, And men for punch forsook hewing and splitting.
- Think of saving as well as of getting: the Indies have not made Spain rich, because her outgoes are greater than her incomes
- Women and wine, game and deceit, Make the wealth small, and the wants great.
- What maintains one vice, would bring up two children
- Who dainties love, shall beggars prove
- Fools make Feasts, and wise men eat them
- Wise men learn by others’ harms, fools scarcely by their own
- Silks and satins, scarlet and velvets, put out the kitchen fire
- A ploughman on his legs is higher than a gentleman on his knees
- Always taking out of the meal-tub, and never putting in, soon comes to the bottom
- When the well’s dry, they know the worth of water
- If you would know the value of money, go and try to borrow some
- He that goes a borrowing goes a sorrowing
- Fond pride of dress, is sure a very curse; E’er fancy you consult, consult your purse.
- Pride is as loud a beggar as want, and a great deal more saucy.
- When you have bought one fine thing you must buy ten more, that your appearance maybe all of a piece
- Tis easier to suppress the first desire than to satisfy all that follow it
- Great estates may venture more, But little boats should keep near shore
- Pride that dines on vanity sups on contempt
- Pride breakfasted with plenty, dined with poverty, and supped with infamy
- But what madness must it be to run in debt for these superfluities!
- When you run in debt; you give to another power over your liberty
- The second vice is lying, the first is running in debt
- Lying rides upon debt’s back
- Poverty often deprives a man of all spirit and virtue: ’tis hard for an empty bag to stand upright
- Creditors are a superstitious sect, great observers of set days and times
- Those have a short Lent who owe money to be paid at Easter
- The borrower is a slave to the lender, and the debtor to the creditor
- Disdain the chain, preserve your freedom; and maintain your independency: be industrious and free; be frugal and free
- For age and want, save while you may; No morning sun lasts a whole day
- Gain may be temporary and uncertain, but ever while you live, expense is constant and certain
- Tis easier to build two chimneys than to keep one in fuel
- Rather go to bed supperless than rise in debt.
- Get what you can, and what you get hold; ’Tis the stone that will turn all your lead into go
Here’s a free online version of Benjamin Franklin’s book The Way To Wealth if you’re interested in reading more.
How many of Ben Franklin’s frugal ways can you relate to?
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