"Penny & Me" is a song written and performed by American pop-rock band Hanson, produced by Hanson and Danny Kortchmar.

It was released as the first single from the band's third commercial studio album, Underneath (2004), on February 23, 2004.

It also reached the top 40 in Italy and was a minor hit in Germany and the Netherlands.

The music video features actress Samaire Armstrong and was directed by Chris Applebaum.

Hanson also published a music video for a more downtempo "Moonlight Version"[19] of "Penny & Me" in April featuring Samaire Armstrong, who played "Penny" in the original music video, and Taylor Hanson's daughter Penelope, whose named was inspired by the song.