Direction: A sentence with an underlined idiomatic expression is given. What is the meaning of this idiomatic expression ‘To cut one’s coat according to one’s cloth’ in the sentence given below?

We would like a bigger house, but we must cut our coat according to our cloth. 

1
None of the above 
2
to take proper measurements before finally giving a cloth for stitching 
3
to buy only fine clothes for the stitching of coats 
4
to live within one’s means

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