Question

expand the following proverb
' Cut your coat according to your cloth..​

Answer 1

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 income and expenditure. Our expenses should always be within the limits of our income. Otherwise, we are sure to land in debt and difficulties. The proverb thus tells us not to spend more than what we earn i.e. to live within our means.

Answer 2

This proverb applies not only to individuals but also to business establishments. Of course, a company may raise a loan to expand or diversify ...