The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1908-04-09

you should not be so fortunate it will
not impair your happiness as long as
you possess sufficient to keep you com
Portable, beyond want and worry, and
with good prospects for the future.
When you enter this road to wealth,
keep always in sight and mind these
guide posts.
a dollar saved counts more than one
hundred dollars made and spent. Saw
ing in the earlier days is most effective
as is shown by the following table.
Surprising at the age of eighteen
years, you place one hundred dollars
at six per cent compound interest, add
to this one hundred dollars each year,
this will amount to
$ l,7SS on your Both birthday.
1856 on your And birthday.
-, 625 on your 54th birthday.
2S, 625 on your Goth birthday.
So on your 18th birthday.
l2l, 96S on your Goth birthday.
2i7,376 on your l02nd birthday.
These figures may be a surprise to
many, and show the importance of ear
ly savings, which therefore should be
inculcated in the lives of children
This habit can best be taught them
by getting them directly interested in
what they spend or save, SO that they
will feel and know how it will effect
their little pocket books, and for this
reason should advise that every boy
or girl, from the age of twelve years,
should be given n certain allowance
each year. What this allowance ought
to be, should be determined by keep
ing an account for two years preceding
of what the child may have cost, for all
except board. If the average for the
two years should have been, say forty
dollars year, this should be the allow
ance for the coming year, adding there
W. say ttIl ~ tNtHtN u'lluIS. us IL maj
gin for saving. This margin is impor-
tant as otherwise, when it would dis
cover that no saving could be made in
any event, it would have no incentive
to try to saveat all, and would soon de
clare itself bankrupt, and fall back on
pa again. Then the child should keep
book in which should be entered all
ii purchased and paid for, and credit
the allowan from time to time. and at
the end of the year II balance struck
which would show the savings, if any.
In this way II child would derive
great enjoyment especially fit could
show "A saving. How much pleasure
would ii be if could give pa or ma
n little present from its own savings.
Aside from this it would become more
systematic, accurate, independent and
learn bookkeeping. The allowance
may be increased rs the child grows
older, or as circumstances may per
NIT. If the savings grow from year to
year, the more interesting will they APP
pear. The only thing to be feared is
that n child may be too saving, border
ing on pcnuriousnesS but it is easier
to correct this than to correct extraya-
GRANGE.
In this manner child could easily
have saved the one hundred dollars on
its eighteenth birthday, the amount for
starting in the table above given. This
would be IA great incentive. Now let me
see how different child's habit must
become, rs most are now brought up.
when its parents provide for all its
wants. 1t even does not know, nor
care what is the cost What does il care
if it uses more or less, rs it cannot lose
nor gain.
But when you say:-Now John, or
Rose, will give you so much for your
next years expenses. This is more
than you used last year, and from now
on you must pay for everything you
use except board. Now see how much
you can save from it. You will be
surprised how much more it will value
n dollar, how it will londle it, begin to
figure and plan to save it, so that little
savings may grow bigger, and how
much more interesting life will be to it,
Before dismissing this subject, wish
to impress on all, the importance of
ENGRAVING into child the habit of say
ing while young, as sappling can be
bent into most any shape or course, but
not after il has grown to an unbcndahlc
size.
This is on saving and bookkeeping
of young people, but i applies equally
to the older excepting that they are,
like large trees, not 50 easily bent from
their former shape and habits.
Book keeping in all lines OF business,
as well as in all other occupations, will
tend to instil economy. 1t will also
make your labors more interesting.
You will not be on a road cropping in the
dark to find your way, or know where
you are or stand. bookkeeping will be
like sunlight to you, which will always
illuminate your ways, by which you
can better determine, how slow or how
fast you progress, and can beforehand
estimate about where you viii land