James E. Faust Quotes
There is a wise old saying 'Eat it up, wear it out, make it do, or do without'. Thrift is a practice of not wasting anything. Some people are able to get by because of the absence of expense. They have their shoes resoled, they patch, they mend, they sew, and they save money. They avoid installment buying, and make purchases only after saving enough to pay cash, thus avoiding interest charges. Frugality means to practice careful economy.
Faust, James E. "The Responsibility for Welfare Rests with Me and My Family." Ensign, May 1986, p. 20.
James Esdras Faust was an American religious leader, lawyer, and politician. Faust was Second Counselor in the First Presidency of The Church of Jesus Christ of Latter-day Saints (LDS Church) from 1995 until his death, an LDS Church apostle for 29 years, and a general authority of the church for 35 years.