The methods of practising economy are very simple. Spend less than you earn. That is the first rule. A portion should always be set apart for the future. The person who spends more than he earns is a fool. The civil law regards the spendthrift as akin to the lunatic, and frequently takes from him the management of his own affairs.1
The next rule is, to pay ready money, and never, on any account, to run in debt. The person who runs in debt is apt to get cheated; and if he runs in debt to any extent, he will himself be apt to get dishonest. "Who pays what he owes, enriches himself."2
3The next is, never to anticipate uncertain profits by expending them before they are secured. The profits may never come, and in that case you will have taken upon yourself a load of debt which you may never get rid of. It will sit upon your shoulders like the old man in Sinbad.4
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