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Meaning of 开源节流

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kāi yuán jié liú (Trad.: 開源節流)
lit. to open a water source and reduce outflow (idiom); to increase income and save on spending; to broaden the sources of income and economize on expenditure
Related Words
Antonyms: 铺张浪费
Example Sentences
1
If you start early, spend wisely and save diligently, your million-dollar dreams are well within reach.
2
After the holidays, many are ready to take control of their lives.
3
In economic work, we should pay attention to opening up the source and regulating the flow from time to time.
4
Do we have a clear idea of each other' s financial obligations and goals, and do our ideas about spending and saving mesh?
5
Corporations are pulling back across the board and all players - from airlines to hotels to travel management companies - are under pressure.