The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-07-21
The First thing
To Do On PAYDAY
By JOHN ANDERSON JAYNE.

A X open letter % a young man:
~ Ny Dear Boy-Your friend
~ has watched your progress
with a great amount or inter
est since you conhded in him your de-
termination 70 became a successful
business man
He has noted with a great amount
OF satisfaction your progress from
office boy 10 keeper OF indexes and
your various sdvancements. until now
you stand in q good position. COM
nanding a salary that years ago would
have been regarded as sufficient even
for a man OF mature years.
You are certainly a young man IN
whom your parents should rejoice and
OF whom your friends should be giad
You learned In your home the lesson
OF neatr ess- In school you were
taught cromptness. and your business
career has taught you the necessity
Of accuracy. You are a good dresser.
or. as the men who deal in horses
and you act Ike a conner"
You have no bad habits to act as a
drag on your progress.
You scorn a lie. you hate a cheat
you abhor a rake,
But. with all this. there is growing
Up IN your life. 80 your old friend
thinks. a carelessness as regards the
days that are 20 come. You wished
the other day that you had ses. You
have salary OF SO per month, You
give your mother $50 OF this. leaving
you SIS for your own uses. Now.
were you a married man. In debt. or
had brothers or sisters dependent upon
YOU YOU might receive from your
friend a different kind Of a letter
But IN view OF the fact that you are
fast what YOU are your friend notices
that. with YOUR opportunities, salary.
and position. you are always broke
near the end Of the month
Your friend knows that YOU hate
debt. That whatever bills YOU con-
tract YOU pay That YOU live within
your income But here IL the point.
While you are living within your IN
come now. you have saved nothing
for a possible time when there shall be
no fscome
II YOU he'd go. 500. so. or $40 10
spend, you have spent il on yourself
and YOU have nothing % show for Il
except some more OF less pleasant and
unpleasant remembrance. some half
worn ties. shoes. suits. and shirts.
Your friend asks YOU this question:
IN pavdav what IS rhe first thinS you
do with the money that is in your pay
e0velope2
You take S3n for YOUR mother That
is we'll You nav what little bills have
come naturally during the month
That is we'll A man is no better than
his credit Then WHAT Well you go
to the theater- That's TO harm. II the
rlav is a good one. You get a suit OF
clothes or some neckties. You have
a good dinner with a friend. All Of
these things are right and proper.
within certain limits, but this one thing
IS noticea bic: In going down stree,
with your money in your pocket. you
stop at pretty nearly every place ex-
cept the savings bank
Instead Of taking out a certain per-
.centage OF your money regularly, and
saving systematically. and going on &C
the hank first with your savinEs-ad.
justing your expenditures TO your saw
inEs. not your savings 70 your ex-
penditures-you leave the bank out o.
all consideration
You forget that penny saved Is Z
penny earned.
Ask yourself, then. the question
dear boy Where do go first after
have received my pay envelope?'
The right answer given and lived VI
TO will solve many OF your problems.
July 81, 1907