节衣缩食 (jié yī suō shí): Tighten one's belt / Cut down on expenses (verb/idiom) — Meaning & Stroke Order

To realize his dream of traveling the world, he has been tightening his belt for many years.

The company is currently facing severe challenges, and all employees must cut down on expenses to overcome the difficulties together.

Is tightening one's belt really the only way to solve financial difficulties?

Despite his meager income, he did not choose to cut down on expenses but actively sought part-time work instead.