The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1921-11-25
Frederick Haskin's etter
Feminine Finance.

New York, Nov 25.-With bust
ness in its present wilted state.
many women now face the harrow
ing necessity of maintaining the
family's usual standard of living
upon a greatly reduced income.
This is a task obviously requiring
much skill and careful thought. 1t
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 judiciously.
In recognition of this fact, sew
eral New York banks are preparing
to open home. savings departments
in charge of experts, who will as
sist depositors in the wise disburse-
ment of their incomes. Advice on
all household matters will be fur
nished, from the respective merits
of cuts of meat to the proper
amount for Willie's weekly allow
ance. Household budgets. cut and
arranged to suit the needs of indi-
Vidual families, also will be pro-
vided.
In order to train experts for
these new bank positions, the de-
partment of finance of the New
| York university has opened a
| course known as Management of
| personal income" in which a large
number of business women are en-
rolled. 1t is taught by Miss Eliza
beth Hallam Bohn, a we'll known
| finance lecturer and household
management expert.
| Women are more and more be
ing called upon to give financial
/ counsel to their own SEX" said Pro
fessor Bohn, in discussing the new
course. America stands today in
| the position in which all of her
/ economic problems must be solved
/ through thrift Pioneers in this
field must teach her sons and
daughters the full and solemn truth
/ of this fact, and unless they gain a
deep and sincere appreciation OF
the necessity of thrift we cannot
hope to hold the position we occu-
py as flag bearer of the nations.
Living within ones means is not
|
| the wolf from the door for the time
being. The business that simply
comes out even in this way at the
end of the year would be quickly
termed failure.
Keep a Budget.
| Every woman should keep a
budget, whether she is home
maker of business woman. The
| first item in this budget should be
savings. | figure that man with
a family of five earning a salary of
5000 a month should put away at
least ia per cent of it as savings
If he earns but $3.50 he should save
at least 81 per cent. If he is earn
ing only 500 month he still must
save, even if it is only dollar a
week The expenditure must be
guided by the incomes.
Every housewife should have a
budget, and as the house is her
business no interference from her
husband as to the running of it
should be tolerated.
IF the husband in his business
decides that he needs a new type
7
ton. If the wife desires a vacuum
cleaner or a washing machine, she
is very apt TO talk it over with her
husband. and frequently it is de-
cided that they can't afford it.
Now if the wife has budget she
can find way to buy these appli-
ances, and put more in the savings
bank at the end of the year. because
of the saving in wages for help
/ that she has made
After properly distributing her
/ income on paper, the next problem
| of the housewife is to see that she
gets her moneys worth for each
expenditure. The home-saVings e1-
perts will aid her in doing this. II
her income be small, they will urge
!