The Use of Money is all the Advantage there is in having Money. For  ￡  6
 
a Year you may have the Use of  ￡  100 if you are a Man of known Prudence
 
and  Honesty.
 
He  that  spends  a  Groat  a  day  idly,  spends  idly  above  ￡  6  a  year,  which
 
is  the  Price  of  using  ￡100.
 
He  that  wastes  idly  a  Groat's  worth  of  his  Time  per  Day,  one  Day  with
 
another,  wastes  the  Privilege  of  using  ￡  100  each  day.
 
He that idly loses 5 s. worth of time, loses 5 s. and might as prudently(1)
 
throw  5  s.  in  the  River.
 
He  that  loses  5  s.  not  only  loses  that  Sum,  but  all  the  Advantage  that
 
might  be  made  by  turning  it  in  Dealing,  which,  by  the  time  that  a  young
 
Man  becomes  old,  amounts  to  a  comfortable  Bag  of  Money.
 
Again, He that sells upon Credit, asks a Price for what he sells equivalent
 
to the Principal and Interest of his Money for the Time he is like to be
 
kept out of it(2): therefore He that buys upon Credit, pays Interest for
 
 
 
what  he  buys.  And  he  that  pays  Ready  Money,  might  let  that  Money  out  to
 
Use; so that He that possesses any Thing he has bought, pays Interest for
 
the  Use  of  it.
 
Consider then when you are tempted to buy any unnecessary Household stuff,
 
or  any  superfluous  thing,  whether  you  will  be  willing  to  pay  Interest,
 
and Interest upon Interest for it as long as you live; and more if it grows
 
worse  by  using.
 
ret, in buying goods, 't is best to pay Ready Money, because, He that sells
 
upon  Credit,  expects  to  lose  5  per  Cent  by  Bad  Debts(3);  therefore  he
 
charges, on all he sells upon Credit, an Advance~ that shall make up that
 
deficiency.
 
Those who pay for what they buy upon Credit, pay their Share of this Advance.
 
He  that  pays  Ready  Money,  escapes  or  may  escape  that  Charge.
 
A  Penny  sav'd  is  Twopence  clear(5),
 
A  Pin  a  Day  is  a  Groat  a  Year.(6)