Pueblo chieftain., 1921-11-19
FEMININE FINANCE
BY FrederIc ]. Haskin..

BY Frederic ]. Haskin.
New York City. Nov. 1e.-with busi-
ness In its present wiIted state, many
women now face the narrowing neces-
Isity of maintaining the fam.ly's usual
standard of living upon greatly re-
duced income. This is task Obvious
Ily requiring much skill and careful
thought. 1t cannot be successfully per
formed in haphazard fashion. The
welfare OF the family. and in large
part the stability of the nation. de-
lend upon the ability Of it's women
In recognition Of this fact. several
New York banks are preparing to open
nome savings departments In charge OF
experts. who Will assist depositors IN
the wise disbursement Of their in
comes. Advice on all household mat
tiers will be furnished. from the re-
spective merits OF cuts OF meat to the
proper amount for 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 course known as MAN
'asement. OF Personal, Income" in which
d large number of business women are
beth Hallam Bohn, a well known IL
nance lecturer and household man
agement expert.
Women are more and more being
called upon to give financial counsel
to their own SEX" said Professor Bonn,
In discussing the new course. Amer
lea stands today in the position IN
which all of her economic probleras
must be solved thru thrift. Pioneers
In this field must teach her sons and
daughters the full and solemn truth of
this fact. and unless they gain a deep
and sincere appreciation OF the neces-
sity 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 failure.
REEP A BUDGET
Every woman, should keep budse..
ness. woman. The first item in this
budget should be savings. figure that
a man with family OF five earning a
salary of 5000 a month should put away
at least ~ per cent OF 1t as savings. II
he earns but $50 he should save at
least 3H per cent. II he is earning only
500 month he still must save, even
IL 1t is only a dollar a week. The ex-
penditures must be guided by the in
comes.
Every housewife should have a bud
get, and as the house is her business
no interference from her husband as
to the. running OF 1t should be tole-
rated.
III the husband in his business de-
cidcs that he needs a new typewriter
he buys 1t without question. II tl9
wife desires a vacuum cleaner Or n
x+nu uI,t chine oh fc
talk It over with her husband, and fire.
quently 1t is decided that they can't
afford 1t.
Now II the wife has = budget size
can find = way to buy these appii-
ances, and put moro In the savings
of the saving In wages for help that
After properly distributing her IN
como on paper, the next problem of the
housewife is to see that she gets Ter
moneys worth for each expen ture.
The home e-savings experts will ID her
in doing this. II 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 will perceive the
difference between all-wool and shod-
dy, and advise her In purchasing fur
niture. SO that snc may know the
genuine from the imitation.
Experience has shown that thrift Is
often particularly lacking in families
of the upper middle class. where the
income is substantial. Thus. in a case
brought to the attention OF pioneer
homeisavings expert not long ago.
man whose income averaged $500 i
month complained that his family was
unable to save anything and that 1t
often ran into debt. The homo saw
ings expert went over his list of house
hold expenses and Immediately saw
that a large part OF his salary was go
Ing to servants. five being employed
to do the work of comparatively small
household. She advised him to dis
charge these five and employ two in
Of over 5000 month.
WOMEN IGNORANT OF MONEY
According to this home savings ex-
PERT. the ignorance Of women on IL
nanclal matters Is sometimes appal-
ling. In one case in which she was
personally interested. for example. 4
young woman acquaintance from a
small town in the northern part of the
state came to New York as a bride and
went to live In an attractive apartment
on Riverside Drive. Shortly afterwnrd.
her nus soand was compelled TO &C to
Canada on a business trip The homo
call on the couple the lay that he had
departed and found tho young bride
sobbing violently.
Come. now. don't cry" soothcd the
good lady. putting a maternal arm
around the girl. 'of course, you Will
miss him !"
II shan't." replied the bride. crying
harder than ever. II shan't miss him