New-York tribune., 1921-05-22
waats 70 gsllex Mr.. rs Feossteps

1850 ~ NWssWW pRA' De pGS@teFs
oysstlsn.-f rssa your recent reply 70
antsrsat!nE method Ia trying TO accumulate
eso.ses At, forty, and note your offer TO
sasgsssaers whch. would snasis me 70 ssve
sRsttsss'y sRsty Sesss oa ana an srris .s,arT nan a
ttorsssly, ss ! hsvs no debts win have
sftrr for the nsxt ten years. sf,so5 every
ysag outside my salary TO saYe or spend
70 sect as. Thls money ! am to receive
sirs il 20 ssve ali OF II, snd ]. reaiizs that
9one dshnite pian must be worked out 20
ysntAgep of purchasing good investment
stecke and bends and follow the invsst-
inenf market little more cloBeiy than
recsiysd from Investments H. my problem.
J. ssI'eve. az small amounts such as |
70 Ss spsnt sn ns,esd ~ tSe Of nsss,naa afs T.
Answer-Compsred with Mr.. B. your
problem Of secumuiating a fortune is
easy, for your salary takes care of
your ncsds and evidently the $500 a
year 10 velvet. Your letter shows that
you already have felt the temptation
OF spending what you term small
amounts "a they come in. The only
sueeessful solution, we think, is for
you to follow Mr. and Mrs. BIS ex-
ample and pretend to yourself and to
your aeausintsnees that the extra
1880 dose not. exist except to be
saved. Ia the fiYst place, we think you
euRht to hold life insurance, though
your needs are probably modified by
the certainty of receiving the income
yeu mention for the next ten years. In
tAs second place. we sugsest that you
carry checking account at the bank
Of about $500 You will probably not
receive interest on it; but the many
ssrviees which o bank can and does
render its .depesitors outweigh in our
opinion the advantages of possessing
a $500 bond, fer instance, for q man in
your position. Pay Eli your bills by
check. Later on, when your $3.50 a
month begins coming in, yeu can buy
seasoned bonds in $1,000 pieces and
have them delivered ct the bank, draft
attached, pay part of the price in cash
and arrange With your bank to pay of
the unpaid balance. You will then
have the Advantage Of possessing bonds
in regular II 900 pieces without hav-
ing to depend on a partial payment
tEanty or twenty Ave shares in al
building and lean association. Each
share lsI) Yuns into $500 in iabeut
sleyea years. You ought to be able to
report hack 20 us in 1891 that you are
worth $50, 900 ct least, with any sort Of
good luck and careful management.
TAis Ysuth Has Some Things Is Learn
Question: was especially interested in
as a :, s.As NJ, E. Il ths s1st s,e. .sss pT
In ts.day'e iesue am tempted to add to
;;,", ;ssF mst, w esk,ss ter little ir'erma,
this ~ not axectly within the scope of
y.sur department but guess also need
.hnsnc eye epsnss." as you SUSPECT r.
Angle, eoen TO be rnarried--my salary is
simsst eb.ese 2, yssr, but my savings have
secouns M en- % tss fsrst Of THIS yesr, and 1S While
my savings tneFsags6, they are not what
feel they sheuld pc. an, Aavins S3s
psrs,ieni sA!s sutsiGs of insurance, is ths
snly tAihe have ~ systematic savings
eis or my income. FOR rent, clothes, food.
en- nssements and the othsr items OF lite,
AisS any ether Information that you feel
wsaid help me with this problem p
X. r. v.
AasweY-R you are making $4,000
year you ought to save mere than $50
. month. II you can't, you will have
yeur tTeables supporting wife with
Sut 100 per cent raise in salary.
Wives are frequently expensive erna-
Hsehts, aad the y0ung investor in mat
rlmany, il he ia wise, will establish
sInking fund For maintenance, upkeep
end pssatbls inersass in capital iiabili-
BY. IL IL eests yeu alone sA,7s0 to live,
hsw do ysp expect two peYsons to live
sa the same aaauats II as a youth
Of t@snty-six you have already formed
the asbis e9 spending 9B per cent of
ysar salary there is little hope for
yepr financial success unless yeu do q
fsee.sbsut, and yeu had better do it
before you marry. If you do not, you
will find yourself spending all of your
income when you are receiving $4,000
or $4,000, the same as you do now, or
even Hore. We cannot undertake to
guide cur yesdars In spending their
money, or devise budgets for bachelors
or families.