a proverb in english
do we have any idioms or proverbs denoting to the fact that you better not spend your money for something that wont get any better.
Example: I do not want to spend any money to renovate my house. It is already too old and if i invested in or spent more money on this, i would waste it

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In English speaking American culture, "Don't throw good money after bad," is a common proverb among some people.

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I can think of two:
Don't throw good money after bad.  (The bad means bad money.)
Don't flush your money down the drain (or some say toilet).

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"cut your losses"

i.e. You're better off cutting your losses and investing money in a new house.

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I will try to give the translation of Russian proverb to English:

Making up does not change an old women to young girl :):):)

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