Cut your coat according to your cloth.

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If you give a piece of cloth to a tailor to make a coat, the tailor will first measure the cloth and then decide what kind of coat has to be made out of it. He will not be able to make a coat that requires more material than the cloth provided. The same is the case with our expenses and income. Our expenses should always be within the limits of our income. Otherwise, we surely land in debit and difficulties. The proverb thus tells us not to spend more than what we earn i.e., to live within our means. The proverb applies not only to individuals but also to business establishment. Of course, a company may raise a loan to expand or diversify its business. But it must do it judiciously; otherwise it will be in deep trouble. Even the government of a country has to keep in mind its total resources while spending.If it does not do so and goes on borrowing recklessly from the people and from foreign countries, it would become bankrupt one day, and come to grief. So the proverb is of universal application. It teaches us that our actions should suit the circumstances or resources. The wisdom of the proverb would guide everybody to live and work within their means and to avoid possible shame or punishment resulting from living beyond their means.

--------------------------------------------------------------------------------------LIST OF PROVERB EXPANSIONS , Press CTRL+F and Search your Expansion.

• Manners Make the Man - 2
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• Manners Make the Man - 1
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• One Good Turn Deserves Another
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• spare the rod and spoil the child
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• A Clumsy Workman Blames His Tools
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• Sweet Are the Uses of Adversity
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• Rome Was Not Built In A Day
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• A Friend In Need Is A Friend Indeed
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• A Stitch In Time Saves Nine
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• Necessity Is the Mother of Invention
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• A Bird In Hand Is Worth Two in the Bush
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• Slow and Steady Wins the Race
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• Too Many Cooks Spoil the Broth
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• Variety is The Spice of Life
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• An Idle Brain is the Devil’s Workshop
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• Work is Worship
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• Actions speak louder than words 
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• Examination a necessary evil
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• Health is Wealth
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• Experience is the best teacher.
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• All that glitters is not gold / A book cannot be judged by its cover
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• Birds of feather flock together.
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• Knowledge is power.
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• Travel broadens the mind.
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• Pride goes before a fall.
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• Strike when the iron is hot ( make hay while the sun shine )
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• A thing of beauty is a joy forever
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• A rolling stone gather no moss.
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• The hand that rocks the cradle rules the world.
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• Neither a borrower nor a lender be.
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• Handsome is as handsome does.
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• A little learning is a dangerous thing.
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• Impossible is a word in the dictionary of fools
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• God made the country and man made the town.
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• Charity begins at home.
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• Failures are stepping stones to success.
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• Empty vessels make the most sound.
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• Speech is the Gift of all , but thought of few.
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• Laughter is the Best medicine
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• As You Sow So Shall you Reap.
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• Nature, the best teacher
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• Pollution : The Bane of Machine Age
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• All that glitters is not gold
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• Dreamers create a world of their own
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• God help those who help themselves.
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• Practice Makes Man Perfect
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• Service to Man is Service to God
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• #2 - Handsome is as handsome does
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• Failures are stepping stones to success.
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• Charity begins at home.
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• To err is human, to forgive divine.
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• failures are stepping stones to success.
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• Slow and steady wins the race.
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• Prevention is better that cure.
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• One good turn deserves another. 
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• Procrastination is the thief of time.
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• Actions Speak Louder Than Words
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• Cut your coat according to your cloth.
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• Honesty is the best policy
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• The Hand That Rocks The Cradle Rules The World
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• Where There is a Will,there is a Way
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• No Pains, No Gains 
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• As you sow, so shall you reap.
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• Cleanliness is Next to Godliness
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