Meaning of the word "better go to bed supperless than rise in debt" in English

What does "better go to bed supperless than rise in debt" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

better go to bed supperless than rise in debt

US /ˈbetər ɡoʊ tuː bed ˈsʌpərləs ðæn raɪz ɪn det/
UK /ˈbetə ɡəʊ tuː bed ˈsʌpələs ðæn raɪz ɪn det/
"better go to bed supperless than rise in debt" picture

Idiom

it is better to endure temporary hardship or hunger than to borrow money and live with the burden of debt

Example:
I decided not to take the loan for a new car, remembering that it's better go to bed supperless than rise in debt.
We are living very simply to avoid credit cards because better go to bed supperless than rise in debt.