“Beware of little expenses a small leak will sink a great ship”
— Benjamin Franklin
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Simplified Meaning:
Just like tiny holes in a big ship can eventually cause it to sink, small daily expenses can add up and hurt your finances. Imagine you buy a coffee every morning. It doesn’t seem like much, but if you add it up for a month or a year, it becomes a large amount of money. Similarly, little purchases or minor spending habits can drain your savings over time without you noticing. To avoid this, it's important to be mindful of where your money goes. Keeping track of small expenses helps ensure you don’t end up in financial trouble. For instance, by cutting out a few unnecessary habits like buying snacks every day, you could save up for something important like a vacation or an emergency fund.
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Budgeting Cost management Financial management Financial planning Frugality Proverb Saving moneyFEATURED QUOTES
