Every evening, Wilmington daily commercial., 1921-11-21
FEMININE FINANCE.
BY Frederic j. Hsskin

New York, Nov. 19.--With busincssI
In It's present wiltcd state. many
women now face the borrowing neces-
sity Of maintaining the famjly's usual
standard OF living upon greatly re-
duced income. This is a task Obvious
is requiring much skill and careful
thought. II cannot be successfully
performed In haphazard fashion. The
welfare of the family. and In large
part the stability Of the nation, depend
upon the ability OF its women folk to
spend money judiciousIy.
In recognition Of this fact. several
New York banks are preparing TO open
home savings departments In charge
Of experts, who VIII assist depositors
| In the wide disbursement OF their In
comes. Advice on all household mat
tcrs will be furnished. from the re-
lbpectivc merits Of cuts Of meat TO th,,
proper amount for Willie's weekly al
Iowance. Household budgets, cut and
arranged to suit the needs of indiyid-
ual families, also Will be provided.
In order 10 train experts for these
new bank positions. the Department
of Finance Of the New York tniver-
slty has opened a course known as
Management of Pers' nal Income In
which a large number Of business
women are enrolled. 1t is taught by
Miss Elizabeth Hallam Bohn, a wei
known finance lecturer and household
management expert.
"Women are more and more beinf
called upon to give financial counse
10 their own Sex" said Professor Bohn
in discussing the new course. "Ameri
ca stands today In the position :
which an Of her economic problem
must he solved through thrift. Pho
neers in this field must teach her son
and daughters the full and solemn
truth Of this fact aud unless they gall
deep and sincere appreciation o
the necessity OF thrift we cannot hop
:, to hold the position we occupy AZ fla
, bearer Of the nations.
Living within ones means is nc
enough This would simply keep III
wolf from the door for the time bCins
Z The business that simply comes ou
even in this way at the end Of the yea
would be quickly termed a failure.
Keep A Budget.
Every woman should keep bud
get, whether she is home maker q
y q business woman. The first item !
= this budget should be savings. / figur
I. that man with a family Of five carr
: ing salary OF 5000 a month should pr
! away at least ~ per cent OF II as say
e Iings. II he earns but $3.50 he shoul
!
e earning only 500 a month ne sti
q must save. even If Il is only a doll1
" a week. The expenditures must
guided by the incomes.
Every housewife should have
70 budget. and as the house is her bus
- ness No interference from her hui
band as to the running of It shou
be tolerated.
- IF the husband in his business d.
- cides that he needs new typewrite
70 he buys it without question. IL Il
!, wife desires vacuum cleaner or
!, washing machine, she is very apt
~ talk IL over with her husband an
frequently it is decided that th'
~ can't afford it.
Now II the wife has a budget 81
n can find a way TO buy these app
ances. and put more in the savin.
~, bank at the end of the year, because
a the saving in wages for help that 81
, has made"
:, After properly distributing her
III come on paper, the next problem
the housewife is to see that she ge
az h-r moneys worth for each expen'
ture. The home-savirgs experts v
va aid her in doing this. IL her income
A. small. they will urge her to buy 10
direct from the city markets or fr'
Z, chain stores. They will coach her
he buying textiles, so that she wiz p
ceiye the difference between all-w
aal and shoddy. and adyise her in p'
he chasing furniture, so-.that she n
IN know the genuine from the imitati
Experience has shown that thrift
as often particularly lacking in famil
of the upper middle class. where
NJ income is substantial. Thus, in
= case brought to the attention of
is. pioneer home savings expert, not Il
H. ago, a man whose income avera:
r. $500 a month complained that
"a family was unable to save anyth
a.. and that it often ran into debt. 7
nd nome Savings expert went over
list of household expenses and.
~ mediately saw that a large part Of
40. salary was going to servants, five be
employed to do the work OF a CO
nm, paratively small household. She
,od vised him TO discharge these fve q
20, employ two in their place, which
20 ected a saving of over 5000 a stor
Women Ignorant OF Money.
'eu According to this home savings
pert, the ignorance of. women on
oiu nancial matters is sometimes appalli
u In one case in which she was pers
al u. ally interested, fpr example, a vol
SIC woman acquaintance from a sn
town in the northern part Of the st
''i' came TO New York as a bride and W
to live in an attractive apartment
YIN Riverside Drive.i Shortly afterw'
.@e'- @ her husband was compelled TO go
'h Canada on a business trip. The hS
savings expert CHANGED to pay
first call on the couple the day I
i'' he had departed and found the yo
bride sobbing violently.