This is wise advice. My first thought regarding this quote by Jefferson are those payday advance businesses. They encourage people to spend money they don't yet have and then when they have it they owe it back plus interest therefore keeping them in a cycle of debt. Of course, there are credit cards which are also a form of "payday advancement."
What gets a lot of us in trouble with spending what we have not yet earned is impulse buying. Well it gets me in trouble anyway. Impulse buying serves the same *need* as comfort eating or binge watching TV does - we get triggered by something and to ease the discomfort of the trigger we engage in a behavior - be it the eating or for the purposes of today's post, impulse buying. But there is help for the impulse buying and figuring out the triggers that get us to engage. Here's one article I found.
Maybe the problem for you isn't impulse buying, maybe you just spend your money in the wrong ways and at the wrong times. Here's an article I found about ways to keep yourself in check.
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