In the U.S., the third Monday of each February marks President's Day—a holiday that's often marked with mattress and furniture sales and discounts on new cars. But aside from these budget-friendly purchasing opportunities, there may be many more financial lessons to be learned from past U.S. presidents. Below, we share three of the most enduring money lessons from George Washington, Thomas Jefferson, and Abraham Lincoln.

George Washington: Use Debt Wisely
In his presidential farewell speech, Washington cautioned against the frequent use of credit, stating that one method of preserving public credit is "to use it as sparingly as possible... but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it…"

In other words, while it's important to avoid taking on unnecessary debt, in some situations, going into debt may help avoid larger expenses later. For example, allowing a problem with your vehicle or home to fester may cause much more expensive issues down the road, whereas fixing it now (even if it means dipping into savings or putting the cost on a credit card) may help you avoid a much larger repair bill in the future.

Thomas Jefferson: Live Within Your Means
Not all U.S. presidents have presented a good example of financial stewardship—some, like Thomas Jefferson, struggled with debt throughout their lives. At the time of his death, Jefferson owed more than $100,000 to creditors or a whopping $2 million in today's dollars.2 But these struggles may provide their own lessons:
• Avoid lifestyle creep, and don't assume that a healthy income last forever.
• Pay down high-interest debt as quickly as possible.
• If debts seem insurmountable, consult a bankruptcy attorney or financial professional to get a better idea of your options.