What did Franklin say about debt and money?

Ah, a subject close to my heart — and close to the wallet of every man who has ever been tempted by a bargain he could not afford! I addressed this at length in The Way to Wealth (1758), that little essay I wrote as a gathering of Poor Richard's wisdom. Let me give you the kernel of it. On the danger of borrowing, I was plain: “he that goes a borrowing, goes a sorrowing” A simple truth, yet how few will believe it until they have proved it at their own expense. On the tyranny that debt creates, I was plainer still. When you run in debt, “You give to another Power over your Liberty. If you cannot pay at the Time, you will be ashamed to see your Creditor, you will be in Fear when you speak to him” A man who cannot look another in the eye is already, in spirit, his prisoner. And on the seduction of cheap bargains — that great engine of ruin — I warned: “Buy what thou hast no Need of, and ere long thou shalt sell thy Necessaries” The argument, taken together, is this: industry earns, frugality keeps, and debt undoes both. Saving is not mere stinginess — it is the foundation of liberty itself. Yet I always added one caution: do not trust too much to your own prudence alone, for without Heaven's blessing, even the most industrious man may fail.