The Washington times., 1920-01-24


rent? Your budget, II properly
kept will go far toward helping
you answer these questions, but
you must continually keep your
eyes open to see that you always re-
ceive full value for your money.
The best way to insure against
waste Is to make up your mind that
you will receive full hundred
cents value for every dollar you
spend.
The third step in saving is reach
ed when you begin to study your
spending. Figure roughly your ex-
penditures and the amount of money
you have been saving. You may
find, and you probably will find, that
unless you have been extremely
careful you have paid out more than
you could afford. Keep more
vigiIant check on your expenses
and you will find that they will be-
gin to decrease. while your savings
will show q wholesome increase.
Preparing n Pian.
Preparing plan is the fourth
step. This is one Of the foundation
stones OF saving. No business c;D
be successfully conducted unless its
affairs ar" managed according to
n well defined plan This. as ap-
piicd to your household or personal
affairs, means n system of knowing.
so far as possible, how much you
will make next year, next month or
next week and working out a sched-
ule in advance. showing how your
money will be spent. IT is best to
L. htpI hn
il you find this Impossible or cum
bersome, you might make a new
budget for each month. BY compar-
ing this months needs with last
months records you probably will
find means of following your plan
more closely, cutting down useless
expenditures and laying more
money aside in your savings fund.
The fifth step is to make practice
follow precept. Use your newly ac-
quired knowledge OF needs and costs
to carry out and develop your plan.
Write out schedule, making notes
Of the reforms in your living ex-
penses which you hope to make.
This will help you check up results
Keep Accounts.
Keep accounts, the sixth step.
Devise a form of simple accounts
for your needs, and keep the record
down to date. Compare the totals
from time to time with your budget.
This will show you your mistakes
and help you avoid them in the fu-
ture. There should be special
column on your account book for
your savings. This fund should
grow regularly. The man or wom-
an who succeeds is the one who
saves regularly and Systematically.
The United States Treasury Depart
ment offers unusual mediums for
both large and small savings. Lib
erty bonds and Victory notes, Treas
ury savings certificates, War Saw
ings Stamps and Thrift Stamps are
the sOundeSt Investments in the
world. With the exception of
Thrift Stamps. all pay a good in
terest rate. Thrift Stamps may be
converted into War Savings Stamps.
and then your money begins to work
for you at once, hearing 4 per cent
interest, compounded quarterly As
your money grows by reason Of in
creased savings and interest, rec
ord of il should be kept on your ac-
counts so that you will always
know what you are worth fnan-
cially. Your accounts should also
show all other purchases. with the
price paid for each and the current
market value.
study Your Records.
The seventh step is to review
your records. study your accounts.
Do they show that all your personal
and household needs are being met;
that you are paying fair prices and
are getting your moneys worth;
that you are saving a reasonable
amount? DO they show, and maybe
they do, that you can do a little
more to bring your personal busi-
ness affairs up to the 100 per cent
standard of efficiency? This last
step is rather an important one. and
t.will go far toward helping you
toward success and happiness in
life.