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Then you haven't actually used a penny. You've simply spent $.01.
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Ah, I wasn't thinking about the actual penny in the hand. Anyway, a penny saved is a penny earned. This reminds me of an article saying that if you are in a tax bracket of 25%, a penny saved is actually 1.33 penny earned because when you earn 1.33 penny you pay 0.33 as tax and keep the 1 penny after tax.