ProverbWisdom
American originc. 1820
American originc. 1820Pay as you go.
Meaning: Settling debts immediately prevents financial burdens from accumulating and maintains honest relationships.
Origin: An American principle of public finance from around 1820: pay for spending from current funds rather than by borrowing. Thomas Jefferson and the Virginia congressman John Randolph were among its early champions, and the phrase is now used of any expense paid as it arises.
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