
Benjamin Franklin, a Founding Father of the United States, emphasized careful expense management through his quote: "Beware of little expenses, a small leak will sink a great ship." He believed minor expenses, if uncontrolled, accumulate into major financial problems. Franklin was a polymath—writer, scientist, inventor, statesman, and diplomat—born in Massachusetts in 1706. He founded civic organizations, invented the lightning rod and bifocals, and published The Pennsylvania Gazette and Poor Richard's Almanack.