The Washington herald., 1921-08-07

-N~N and tells me to put Il
fright in the bank. so / give IL to my
father and he puts IL there. i have
over $500 in the bank now. But j am
always short Of money, and have TO
ask my mother mostly for money
when want some soda or ice cream.
or want to take a street car across
town to play with some Of the Kids
know or want to go TO a motion
picture show. And ! get tired OF
asking and ] know they get tired
of having me ask them for money
for il seems TO them / ask more
than ] do. How GAN ! manage TO
get my parents and grandparents to
trust me to Jingle some of my own
money in my own pocket"
WILLIAM c.
Ny dear william: o
OF course you understand that you
are not saving any money in the
bank.
Your father is saving It for you.
This saving money for you is for
your future good.
Your letter to me proves that IL
is doing you no good now.
sShen anyone considers spending
money, II is usually in connection
with something which gives up en-
joyment and happiness.
presume that your father owns
an automobile
When he uses that automobile for
any other purpose besides actual
business he is spending money for
pleasure, just as you would spend
money for an ice cream cone.
Your father. and in fact every
body, enjoys the pleasure OF their
own seeking. better than to have
others provide for them.
Most older folks understand that
this is so for them. but they do
not think. about the boys who feel
the same way.
Your father and every man who
is the head Of a household must
! spend a certain amount Of money
/ for necessities.
These necessities include house
rent or money TO purchase a home
ard pay taxes theron. Clothes for
himself and family; food, insurance,
fuel. and other items.
After all necessary expenses have
been met, and there is money left
over this is money which can be
! SdNeO OF spent lot pledSuTe
Your father therefore decides
whether or not he will spend this
or save il or make some invest
ments apart from his regular bus
mess.
So with your father and other
men, the money they have 20 save
or spend is but part and usually a
small part of the total amount Of
| money they earn.
But with you and other boys. the
amount of money which you are
asked to save is about all you
possess.
Therefore I do not think that
fathers are real square with their
boys on this money saving business,
They are advising boys to save
and controlling the boys money be-
cause Of their love and interest and
do not purposely wish to play un-
fair with the boys.
On the other hand. because your
father and other fathers see you
spending every cent you can get.
they imagine that you would do this
with all the money you might pos
| sess. so they keep IL from you until
you boys grow up.
! It is a well known fact that the
greatest spenders and the most ir-
responsible class of people with
money are the young men and
women.
i think that you are now far bet
ter able to handle your own money
with good team work with your
father. than you will be when you
are 81 and are given control of the
one. two OF three thousands dollars
which has been saved up for you by
others.
II your father wants to provide q
cash nest egg for you when YOU
are 81 that is is business and that
is one way in which he delights e
spend money-put il in the bank for
his son.
Your father Is really saving fol
himself so that he can make a gooC
present of cash to you at some fu'
ttIre time.
Have this understood by youl
father.
Now figure out just what yoJ
want to spend each week.
You haven't mentioned earning