Namesake

As I begin this debut in the middle of an economic recession, I'd like to explain the thinking behind this blog. Ben Franklin was quoted as saying that "A penny saved is a penny earned." With modern day finances, we can calculate that a penny saved is actually more than a penny earned. Why is this?

The taxes that we pay on our income means that a penny saved (post-tax dollars) is worth more than what we would have to earn to actually take in that penny in the first place. Many articles on the internet even tout that it is almost a 1:2 ratio. I just figured that "Two Pennies Saved" isn't an interesting blog title...

Up next: Rebates for online shopping and how to save on your AT&T Wireless bill + the iPhone.