Wise men learn by others’ harms, fools scarcely by their own. – When a wise person observes the wrongs done by others, he will learn and not fall trap to the same actions. A foolish person rarely learns from his own mistakes.
Silks and satins, scarlet and velvets put out the kitchen fire. – If you spend money on luxuries when you cannot really afford them (especially if the money is borrowed), then you will not have money for the basic necessities of life when you really need it.