This is a proverbial phrase. It advises not to waste anything. In other words, the emphasis is, to save or preserve money instead of frittering it away. Hence, it is rightly said, “A penny saved is a penny earned!”

Buying only bare necessities is wise. It saves one’s money and time. Women buy more than men. A funny great saying says, “Women buy things they do not require, to impress one they do not like!”

It does not mean that one should buy a cheap thing. Never compromise on quality, especially when procuring electric and electronic goods. It is the actual usage of an item that matters. , fridge, mixer, grinder, washing machine, dish Asher, computer and microwave oven are must for a home. They come under essential things category.

Mother must cook what is sufficient for that day and not more. This will help the wastage of eatables as well as the fuel. Parents must advice the children how to be economic. One can save energy by switching off the lights if they could avoid it. Likewise, there are many aspects to save all that one can. But being economical does not mean one should be stingy.

Draw an outline of the monthly budget. Careful planning to meet both ends is to be chalked out. Better to live within means. Keep some money for an emergency use the way the private companies do which they call as, “Reserve Funds.”

It may be recalled that some time back in India food grains stored in granary became waste and dumped, for which the Supreme Court had condemned the state government and rightly directed them to distribute such food grains to the poor and needy free of cost.

In India, who is burning more precious oil? It is the politicians who became our rulers. When a chief minister goes out, he/she is escorted by a convoy of about 30 to 40 cars! Are they not exploiting the public and their money?

This phrase is more apt to our politicians than it is to us.