“Economy I consider a virtue & should be practiced by all; there is certainly no way in which money can be laid out than in the education of children” — Zachary Taylor
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He also considers spending money on a child’s education to be the best way that money can be used or “laid out”. Taylor viewed education as a priority and felt that investing in a child’s learning and development through school was more important than other possible uses of funds.
In essence, he is saying that being thrifty is important but that if one has to spend money, spending it on one’s children’s education is the best option and will provide the highest return or benefit.