Perth Amboy evening news., 1921-11-19
HASKIN TELLS OF FEMININE FINANCE

NEW YORK CITY, Nov. 16.-
With business in its present wllted
state, many women now race the
narrowing necessity of malntalnlhs
the family's usual Oh nv
ing upon a greatly reduced income
This is a task obviously requiring
much skill and careful thought. IL
cannot be successfully performed IN
haphazard fashion. The welfare of
the family, and in a large part the
stability of the nation, depend upon
the ability of it's 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 assist
depositors in the wise disbursement
| of their incomes. Advice on all
household matters Will be furnlshed
I from the respective merits OF cuts
of meat to the proper amount Tor
Willie's weekly allowance. louise
hold budgets, cut and arranged to
suit the needs of individual Iaml-
lies. also will be provided.
In order to train experts for these
new bank positions, the Department
of Finance of the New York n
versity has opened a course known
as management of Personal In
come in which a large number of
business women are enrolled. IL
is taught by Miss Elizabeth Hallam
Bohn, a well known finance lee
turer and household management
expert.
'Women are more and more be-
ing called upon to give financial
counsel to their OWL sex" said Pro-
1900. DAI, -, 1fGarTCC11 > 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 his fact, and unless they gan a
deep and sincere appreciation of the
necessity of thrift WE cannot hope
to hold the position we occupy as
flag bearer of the nations.
Living within ones means is not
enough. This would simply keep
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 a failure.
Keep a Budget
every woman should keep a
budget, whether she is a home MAX
er or a business woman The first
item in this budget should be saw
ings. l figure that a man with a
family of i've earning a salary of
$500 a month should put away at
least 7 1-2 FOR cent. of it as savings.
If he earns but $3.50 he should save
at least 3 1-2 per cent. II he is
earning only 500 a month he still
must save. even if it is only a dol
- ---1T- nshc CVnanIffHqpag rar1aF
be guided by the incomes.
every housewife should nave a
budget, and as the house is her
business no interference from her
husband as to the running OF 1t
should be tolerated.
IF the husband in his business
decides that he needs a new type
writer. he buys it without question.
If the wife desires a u leaner
| or a washing machine, she is very
apt to talk it over with her husband
and frequently it is decided that they
can't afford il.
Now if the wife has a budget she
can find a way to buy these apph-
ances, and put more in the savings
bank at the end of the year, be-
cause of the saving in wages for hell
that she has made"
After properly distributing her in
come on paper. the next problem
of the housewife is to see that She
gets her moneys worth for each
expenditure. The, home-saving eX-
perts will aid her in doing this. If
her income be small, they will urge
her to buy food direct from the city
markets or from chain stores. They
will coach her in buying textiles, so
that she win perceive the difference
between all-wool and shoddy and ad-
wise her in purchasing furniture, so
that she may know the genuine from
the imitation.
Experience has shown that thrift
is often particularly lacking in fam
lilies of the upper middle classes,
where the income is substantial.
Thus. in a case brought to the at
tention of a pioneer home-savings
expert not long ago. a man whose
income averaged $500 a month COM
planned hat his family vas unable
to have anything and that it often
ran into debt The home savings
expert went over his list of house
hold expenses and Immediately saw
that a large part of his salary was
going TO servants. five being employ
ed to do the work of a compare
lively small household. She advised