"When you incline to have new clothes,..." - Quote by Benjamin Franklin
When you incline to have new clothes, look first well over the old ones, and see if you cannot shift with them another year, either by scouring, mending, or even patching if necessary. Remember, a patch on your coat, and money in your pocket, is better and more creditable, than a writ on your back, and no money to take it off.
More by Benjamin Franklin
More on Frugality
“Take care of the halfpence and pence, and the shillings and pounds will take care of themselves.”
“I went to the circus, and loafed around the back side till the watchman went by, and then dived in under the tent. I had my twenty-dollar gold piece and some other money, but I reckoned I better save it.... I ain't opposed to spending money on circuses, when there ain't no other way, but there ain't no use in wasting it on them.”
“I end up not buying a lot of things, because I find them ridiculous.”
More on Money
“If you have no money, men won't care for you, women won't love you; won't, that is, care for you or love you the last little bit that matters.”
“Budget: a way of going broke methodically”
“Many people make the mistake of thinking that all the challenges in their lives would dissipate if they just had enough money. Nothing could be further from the truth. Earning more money, in and of itself, rarely frees people. It's equally ridiculous to tell yourself that greater financial freedom and mastery of your finances would not offer your greater opportunities to expand, share, and create value for yourself and others.”