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Meaning of 节衣缩食

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jié suō shí (Trad.: 節衣縮食)
to save on food and clothing (idiom); to live frugally
Example Sentences
1
They scraped and saved, but still couldn't pay for their son's education.
2
The euro zone's emphasis on austerity rather than structural reforms has aggravated Greece's political woes.
3
Will there be a protracted retrenchment among heavily indebted consumers who carry mortgages bigger than the value of their homes?
4
External credit will be scare to non-existent, so Greece will have to live within it means.
5
Most of the students came from far-flung corners of the county, a wild region thinly populated by nomads and farmers who scrimp to send their children to school in the city.