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I've met the phrase in this article:

Never peg the needle on your spending meter.

After some research I found 'What is the meaning of the phrase “moving the needle”?' here. Now the original phrase I encountered is somewhat clear.

Could you help say the same thing in another way so that I can understand the phrase as a whole? May be some equivalent saying?

  • It’s not a good idea to spend as much money as you possibly can. – Jim Oct 5 '17 at 15:30
  • Possibly a reference to a pegged exchange rate: when the reference currency appreciates, the pegged currency goes up as well. The author seems to be warning against pegging one's expenditure against one's income. E.g.: earn $10, spend $10. Now earn $15, the advice is to not bump spending up to $15 to match the new income. – Lawrence Oct 5 '17 at 15:39
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    I believe this originally referred to an automobile's speedometer, which had a mechanical needle that was literally stopped at its high end by a small metal peg. Hence, "never go that fast," or, in this awful sentence, never spend so much. – Mark Hubbard Oct 5 '17 at 16:19
  • It’s “explained” in the sentence right before it. ”Live below your means” Don’t spend it just because you have it. – Jim Oct 5 '17 at 16:20
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    See also english.stackexchange.com/questions/202318/… – Hellion Oct 5 '17 at 16:46
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Never peg the needle on your spending meter.

This phrase alludes to analog measuring devices, like speedometers, where pegging the needle means performing in excess of your ability to measure - implying performance (or values) which meet (or exceed) what was previously believed (or intended) to be the maximum. This is often used metaphorically; in this case, don't spend everything that you have.

For reference:

Top speed pegs the needle at 200 mph; test away on your private runway, seems to be the challenge.

and

Qantas' inflight WiFi trials peg the needle at 12Mbps per device

and

Chinese Air Pollution Pegs-the-Needle as Suffocating Citizens Left Gasping for Air

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