cut coat according to cloth

cut (one's) coat according to (one's) cloth

To shop or act in accordance with one's financial limitations. You'll go bankrupt unless you start cutting your coat according to your cloth.
See also: accord, cloth, coat, cut
Farlex Dictionary of Idioms.

cut one's coat according to one's cloth

 and cut one's coat to suit one's cloth
Prov. to plan one's aims and activities in line with one's resources and circumstances. We would like a bigger house, but we must cut our coat according to our cloth. They can't afford a vacation abroad—they have to cut their coat according to their cloth.
See also: accord, cloth, coat, cut
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs.
See also:
  • cut (one's) coat according to (one's) cloth
  • cut your coat according to your cloth
  • cut (one's) coat to suit (one's) cloth
  • cut your cloth
  • cut (one's) cloth
  • a blot on (one's) escutcheon
  • a blot on escutcheon
  • a blot on the escutcheon
  • a blot on your escutcheon
  • take the cloth