The Richmond palladium and sun-telegram., 1921-11-19

NEW YORK CITY, Nov. 19.-Many
women now face the necessity Of
maintaining the familys usual stan
dard of living upon a greatly reduced
| income. This is a task obviously re-
quiring much skill and careful thought
| 1t can not be successfully performed
in haphazzard fashion. The welfare
of the family, and in large partthe
| stability of the nation, depend upon
the ability of its women folk to spend
money judiciously.
In recognition of this fact, several
New York banks are preparing 10
open savings departments in charge
of experts, who will assist depositors
in the wise disbursement of their in
comes. Advice on all household mat
| ters will be furnished, from the re.
spective merits of cuts of beef to the
proper amount of Willie's weekly al
lowance Household budgets, cut and
! arranged to suit the needs of individ-
ual 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 Man
agement of Personal Income" in
which a large number of business
women are enrolled 1t is taught bv
Miss Elizabeth Hallam Bohn, a we'll
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 new course.
America stands today in the position
in which all of her economic problems
must be solved through thrift Pho.
neers in this field must teach her
sons and daughters the full and sol
emn truth of this fact, and unless
they gain a deep and sincere apprecia-
ton of the necessity of thrift we can
not hope to hold the position We occu-
by as flag bearer of the nations.
Living within ones means is not
enough. This simply would 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 quickly would be termed u
failure.
Keep a Budget.
Every woman should keep a bud
| set NhtNLlCI Slit II a llOiit hlclht1 vi
a business woman The first item il
this budget should be savings. I fig
ure that man with family of five
earning a salary of 5000 a month
should put away at least ~ per cent
of his savings. If he earns but $3.50
he should save at least 31a per cent
If he is earning only 500 a month
ne still must save, even if it is only
n I11I and tJI
, must be guided by the incomes.
Every housewife should have {
budget, and as the house is her bus
|, mess no interference from her hus
band as to the running of it shoull
be tolerated.
"If the husband IN his business de
cides that he needs new typewriter
he buys it without a question. If the
wife desires vacuum cleaner or {
washing machine, she is very apt tx
talk it over with her husband, anc
frequently it is decided that she can
afford it.
Now if the wife has a budget shC
! can find a way to buy these appli
ances, and put more in the saving
, bank at the end of the year. becaus,
: of the saving in wages for help sh,
! has made
After properly distributing her in
come on paper, the next problem 70
, the housewife is to see that she get
+, her moneys worth for each expend
ture. The hOme-saving experts vii
aid her in doing this. If her incom
be small they will urge her to bu
! food direct from the city markets o
. from chain stores. They will coacl
l her in buying textiles, so that she viii
4 perceive the difference between al
l. wool and shoddy. and advise her j
9 purchasing furniture, so that she ma
[ know the genuine from the imitation
5 Experience has shown that thrift
l. often particularly lacking in familie
t of the upper middle class, where thei
/ income is substantial. True, in
case brought to the attention of a pie