Evening star., 1920-01-10
Latest News Relating to the Financial World
UP TO YOU
BY JOHN POOLE.

UUUUlUU0tO u VI ~ iVO
BY JOHN POOLE.
Chairman of the Executive Committee of the
National Thrift Week Campaien.
The great conflict which has re-
| Gently come to a close has taught US
many things. We have become edu-
Gated in matters of health, religion,
generosity. conservation and thrift.
If these lessons have been we'll learn
ed the country will be saved from the
!: disgraceful condition of the past,
, when, according to carefully COM
Der of people at the age of sixty years
dependent upon relatives. friends or
charity for the necessities of life.
Suppose we should go to one of
| these financial cripples and ask his
advice growing out of years of sad
experiences. Would they not all say
| save during your earning years."
Every one knows it is hard to de-
velop the habit Of saving, and yet it
Is the very keystone of success. We
must not think of thrift as closeness
or stinginess, for it means nothing of
the kind-it is the scientific manage
ment of ones affairs. ones time and
ones money-it improves the quality
! of the individual because it develops
system. order and gives force. energy
ana industry, as well.
The virtue of saving lies in the fact
that thrifty men think, plan and look
forward. 1t makes them progressive,
and they become more valuable asset 8
to their community as well as to their
country. Thrift evidences superiority
in many ways-it gives foresight. it
denotes self-control self-reliance
prudence and finally brings independ.
ence. The practice of saving money
gives an upward tendency to life, i'm
proves PERSONS outlook upon life
and has a healthful reaction upon all
his faculties.
You may wonder whether or not
you will be a success in life. An
swer the question yourself-Can you
save? If not you are bound to fail
you may not think so. but you will
because the seed of success is not in
you. There is nothing that gives a
person the right direction in life
more effectively than saving money
When one learns to save regularly
he has advanced we'll on the road to
success. In other words, he is step
ping forward in a definite, positive
way
Different folks have different ideas
as to how to go about saving money.
Most of them simply make good
resolution keep it a while, and then
break It, My idea is that you must
learn to save first and spend after
ward. Suppose you are employed at
a salary of $1,000 a year and you are
day and your envelope contains $50
Your rent may be due. provisions may
be needed. and you have other pur
chases in mind. But before you do
anything with that money. while you
have all of it in your hands. take a
dollar. two dollars, five dollars. right
off the top of the pile and put it away
save it. That leaves you a differ
ence OF say. s45. What are you go
ing to do with that? Spend it. of
course. Pay your rent. your grocery
bill. your light bill. buy clothes, go
to the theater and do whatever else
you wish. so far as the $45 goes. but
not a cent farther. BE resolute in
your determination not to go into
debt. Bear in mind that the big
thing is to take the amount you are
going to save right off the top Of
your entire pay.
Stop a minute. and see the differ
ence between this plan and the usual
method. Suppose. again. that you
have just received your $50 and you
proceed to pay your rent, buy cloth
ing and spend for other necessities
through there is a little left. not
much. Some one suggests that out of
what is left, you try to save. Do you
think it would be easy to take IS out
Of the little you have remaining ana
save it? Not at ALL it will not work
that way.
People often speak of saving and
thrift as a virtue and probably they
are But why not measure them with
a different yardsticf and consider
their advantages AS a good sound
logical business proposition? Numer-
Gus benefits accrue to the thrifty
man. He is building up capital
which employed in a useful way gives
him opportunities to invest in any
Legitimate business or professional
enterprise of his choice. He will then
have two powers at workman
power, his own personal effort. and
money power, which brings him inter-
est dividend or some other form OF
earning.
You owe it to yourself to at least
live within your means. You owe II
to your community to live within your
means. 1t is far better that you do
more than that-spend less than you
earn. Every now and then you hear
some one say: II can't live for less
everything is so high If you are one
Of these, look back over last month s
expenditures, or better still, look over
your expenses or Cancelled checks for the
past year. and see how much you spent
for things for which you have nothing
to show and cannot even remember the
pleasure Of buying!
These are reconstruction days. and
we know little of the years to come
so it behooves every one to be pru-
dent The thrifty way is the only way
1t is the foundation of success in busi.
ness, contentment in the home and
standing in society.