Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-11-22

" business in it's present wited stat
many women now face the narrowing
| necessity of maintaining the family's usual
standard of living upon greatly reduced in
come. This is task obviously requiring
much skill and careful thought. It cannot be
successfully performed in haphazard fash
ion. 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
| judciously.
In recognition of this fact, several New
York banks are preparing to open home saw
! ings departments in charge" of experts, who
will assist depositors in the wise disburse-
ment of their incomes. Advice on all house
hold matters will be furnished, from the re-
| spective merits Of cuts of meat to the proper
amount for Willies weekly allowance. House
| hold budgets, cut and arranged to suit the
needs of individual families, also will be
provided
| In order to train experts for these new
| bank positions, the Department of Finance
! Of the New York University has opened a
course known as management of Personal
| Income" il which large number of bust
ness women are enrolled. 1t is taught by
! Miss Elizabeth Hallam Bohn, a well-known
! finance lecturer and household management
expert.
women are more and more being called
| upon to give financial counsel to their own
SEX" said Professor Bohn in discussing the
position in which all of her economic prob
lens must be solved through thrift. Pioneers
| in this field must teach her sons and daugh-
| ters the full and solemn truth of this fact,
and unless they gain deep and sincere ap-
probation of the necessity of thrift we can
not nope 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 Budget
every woman should keel a budget,
whether she is a home-maker business
| woman. The first item in this budget should
| be savings. I figure that man with fam
| lily of five earning salary of $500 month
should put away at least IN per cent OF
it as savings If he earns but $3.50 he should
save at least " per cent. If he is earning
only, 500 month he still must save, even
| if it is only a dollar a week. The expendi-
! lures must be guided by the incomes.
| every housewife should have a budget,
and as the house is her business no inter
| ference from her husband as to the running
of it should be tolerated.
| eff the husband ir his business decides
! that he needs a new typewriter, he buys it
without question. If the wife desires a
vacuum cleaner or a washing machine, she
is very apt to talk IT over Win ner nuSDaHd,
and frequently it is decided that they can't
afford it,
"Now if the wife has a budget she can
find a way to buy these appliances, 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 experts
will aid her in doing this. If her income be
small, they will urge her to buy food direct
from the city market or from chain stores
They will coach her in buying textiles, SO
that she will perceive the difference between
all-wool and shoddy, and advise her in pur-
chasing furniture, so that she may know the
genuine from the imitation.
Experience has shown that thrift is often
particularly lacking in families Of the up
per middle class, where the income is sub
stantial Thus, in brought to the at
tention of a pioneer home-savings expert not
long ago, man whose income averaged
1880 a month complained that his family was