--- title: "Meaning & Key Takeaway of: There is a wise old saying 'Eat it up…" description: "\"There is a wise old saying 'Eat it up, wear it out, make it do, or do without'. Thrift is a practice of not wasting anything. Some people are able to g..." image: "https://sms4smile.com/quotes/i/e10/james-e-faust-1274_able_there-is-a-wise-old-saying-eat-it-up-wea_2852683.png" --- # There is a wise old saying 'Eat it up, wear it out, make… ![“There is a wise old saying 'Eat it up, wear it out, make it do, or do without'. Thrift is a practice of not wasting anything. Some people are able to get by because of the absence of expense. They have their shoes resoled, they patch, they mend, they sew, and they save money. They avoid…” quote by James E. Faust](https://sms4smile.com/quotes/i/e10/james-e-faust-1274_able_there-is-a-wise-old-saying-eat-it-up-wea_2852683.png) [Download](https://sms4smile.com/quotes/i/e10/james-e-faust-1274_able_there-is-a-wise-old-saying-eat-it-up-wea_2852683.png) [Open image](https://sms4smile.com/quotes/i/e10/james-e-faust-1274_able_there-is-a-wise-old-saying-eat-it-up-wea_2852683.png) > “There is a wise old saying 'Eat it up, wear it out, make it do, or do without'. Thrift is a practice of not wasting anything. Some people are able to get by because of the absence of expense. They have their shoes resoled, they patch, they mend, they sew, and they save money. They avoid installment buying, and make purchases only after saving enough to pay cash, thus avoiding interest charges. Frugality means to practice careful economy.” [James E. Faust](https://sms4smile.com/quotes/author/james-e-faust/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Frugality involves using resources wisely, avoiding waste, and buying only when you can pay cash to prevent debt. **In simple terms:** Save by reusing, repairing, and buying cash‑only. Key Takeaway Practice careful economy and avoid debt. Themes economy frugality self‑reliance Mood practical reflective Type advice philosophical When to use this quote - household budgeting - DIY repairs - shopping habits - financial planning Key Concepts sustainability budgeting minimalism Questions to Reflect On - What items can you repair instead of replace? - How do you balance saving with needed spending? A Different Perspective Excessive thrift can limit quality of life or necessary investments. ★ ★ ★ ★ ★ No ratings yet [Absence](https://sms4smile.com/quotes/about/absence/) [Buying](https://sms4smile.com/quotes/about/buying/) [Economy](https://sms4smile.com/quotes/about/economy/) [Frugality](https://sms4smile.com/quotes/about/frugality/) [Interest](https://sms4smile.com/quotes/about/interest/) [Money](https://sms4smile.com/quotes/about/money/) [Old saying](https://sms4smile.com/quotes/about/old-saying/) [People](https://sms4smile.com/quotes/about/people/) [Practice](https://sms4smile.com/quotes/about/practice/) [Save Money](https://sms4smile.com/quotes/about/save-money/) [Saving](https://sms4smile.com/quotes/about/saving/) [Saving money](https://sms4smile.com/quotes/about/saving-money/) [Thrift](https://sms4smile.com/quotes/about/thrift/) [Wisdom](https://sms4smile.com/quotes/about/wisdom/) [Wise](https://sms4smile.com/quotes/about/wise/) ## Related quotes > [The Depression taught me what frugality means and the importance of not losing money.](https://sms4smile.com/quotes/irving-kahn/the-depression-taught-me-what-frugality-means-and-the-importance-of/) [Irving Kahn](https://sms4smile.com/quotes/author/irving-kahn/) > [ Industry and frugality, as the means of procuring wealth . . . thereby \[secures\] virtue, it being more difficult for a man in want… ](https://sms4smile.com/quotes/benjamin-franklin/industry-and-frugality-as-the-means-of-procuring-wealth-thereby/) [Benjamin Franklin](https://sms4smile.com/quotes/author/benjamin-franklin/) > [Diligence means to be keen in matters of virtue and justice, but worldly people use diligence to solve their economic difficulties. Frugality means to…](https://sms4smile.com/quotes/zicheng-hong/diligence-means-to-be-keen-in-matters-of-virtue-and-justice-but/) [Zicheng Hong](https://sms4smile.com/quotes/author/zicheng-hong/) > [One of the better ways to simplify our lives is to follow the counsel we have so often received to live within our income,…](https://sms4smile.com/quotes/l-tom-perry/one-of-the-better-ways-to-simplify-our-lives-is-to-follow-the-counsel/) [L. Tom Perry](https://sms4smile.com/quotes/author/l-tom-perry/) > [We are not to judge thrift solely by the test of saving or spending. If one spends what he should prudently save, that certainly…](https://sms4smile.com/quotes/owen-d-young/we-are-not-to-judge-thrift-solely-by-the-test-of-saving-or-spending/) [Owen D. Young](https://sms4smile.com/quotes/author/owen-d-young/) > [Frugality includes all the other virtues.](https://sms4smile.com/quotes/marcus-tullius-cicero/frugality-includes-all-the-other-virtues/) [Marcus Tullius Cicero](https://sms4smile.com/quotes/author/marcus-tullius-cicero/) > [Frugality may be termed the daughter of Prudence, the sister of Temperance, and the parent of Liberty.](https://sms4smile.com/quotes/samuel-johnson/frugality-may-be-termed-the-daughter-of-prudence-the-sister-of/) [Samuel Johnson](https://sms4smile.com/quotes/author/samuel-johnson/) > [“We’re taught we can pay for everything we need. Our very lives can be purchased, and by extension, we can buy the rights to…](https://sms4smile.com/quotes/elizabeth-willard-thames/we-re-taught-we-can-pay-for-everything-we-need-our-very-lives-can-be/) Elizabeth Willard Thames > [By sowing frugality we reap liberty, a golden harvest.](https://sms4smile.com/quotes/agesilaus-ii/by-sowing-frugality-we-reap-liberty-a-golden-harvest/) [Agesilaus II](https://sms4smile.com/quotes/author/agesilaus-ii/) > [“They just want to know what we stand for; our spending choices is one way that we articulate this.”](https://sms4smile.com/quotes/ron-lieber/they-just-want-to-know-what-we-stand-for-our-spending-choices-is-one/) Ron Lieber > [Frugality and economy are virtues without which no household can prosper. Whatever the income, waste of all kinds should be most sternly repressed ...…](https://sms4smile.com/quotes/isabella-beeton/frugality-and-economy-are-virtues-without-which-no-household-can/) [Isabella Beeton](https://sms4smile.com/quotes/author/isabella-beeton/) > [Whatever thrift is, it is not avarice. Avarice is not generous; and, after all, it is the thrifty people who are generous.](https://sms4smile.com/quotes/archibald-primrose-5th-earl-of-rosebery/whatever-thrift-is-it-is-not-avarice-avarice-is-not-generous-and/) [Archibald Primrose, 5th Earl of Rosebery](https://sms4smile.com/quotes/author/archibald-primrose-5th-earl-of-rosebery/) > [A bargain ain't a bargain unless it's something you need.](https://sms4smile.com/quotes/sidney-carroll/a-bargain-ain-t-a-bargain-unless-it-s-something-you-need/) Sidney Carroll > [Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.](https://sms4smile.com/quotes/charles-dickens/annual-income-twenty-pounds-annual-expenditure-nineteen-six-result/) [Charles Dickens](https://sms4smile.com/quotes/author/charles-dickens/) > [Frugality is misery in disguise.](https://sms4smile.com/quotes/publilius-syrus/frugality-is-misery-in-disguise/) [Publilius Syrus](https://sms4smile.com/quotes/author/publilius-syrus/) ## More by James E. Faust > [Leadership is about three-fourths show-the-way and about one-fourth follow-up.](https://sms4smile.com/quotes/james-e-faust/leadership-is-about-three-fourths-show-the-way-and-about-one-fourth/) [James E. Faust](https://sms4smile.com/quotes/author/james-e-faust/) > [The Holy Ghost is the greatest guarantor of inward peace in our unstable world.](https://sms4smile.com/quotes/james-e-faust/the-holy-ghost-is-the-greatest-guarantor-of-inward-peace-in-our/) [James E. Faust](https://sms4smile.com/quotes/author/james-e-faust/) > [I personally claim no special insight into Satan's methods, but I have at times been able to identify his influence and his actions in…](https://sms4smile.com/quotes/james-e-faust/i-personally-claim-no-special-insight-into-satan-s-methods-but-i-have/) [James E. Faust](https://sms4smile.com/quotes/author/james-e-faust/) > [I hope that each of you girls will become an individual of significant worth and a person of virtue so that your contributions are…](https://sms4smile.com/quotes/james-e-faust/i-hope-that-each-of-you-girls-will-become-an-individual-of/) [James E. Faust](https://sms4smile.com/quotes/author/james-e-faust/) > [For women, the important ingredients for happiness are to forge an identity, serve the Lord, get an education, develop your talents, serve your family,…](https://sms4smile.com/quotes/james-e-faust/for-women-the-important-ingredients-for-happiness-are-to-forge-an/) [James E. 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Faust](https://sms4smile.com/quotes/author/james-e-faust/) > [Integrity is the value we set on ourselves.](https://sms4smile.com/quotes/james-e-faust/integrity-is-the-value-we-set-on-ourselves/) [James E. Faust](https://sms4smile.com/quotes/author/james-e-faust/) > [Your criticism may be worse than the conduct you are trying to correct.](https://sms4smile.com/quotes/james-e-faust/your-criticism-may-be-worse-than-the-conduct-you-are-trying-to-correct/) [James E. Faust](https://sms4smile.com/quotes/author/james-e-faust/) > [You cannot convert people beyond your own conversion.](https://sms4smile.com/quotes/james-e-faust/you-cannot-convert-people-beyond-your-own-conversion/) [James E. Faust](https://sms4smile.com/quotes/author/james-e-faust/) > [In order to do well, missionary work has to be totally positive.](https://sms4smile.com/quotes/james-e-faust/in-order-to-do-well-missionary-work-has-to-be-totally-positive/) [James E. 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