Woman's enterprise., 1921-12-16
SIXTH DISTRICT
CONVENTION
April l3-l4. 1921 at Cocington
Louisiana.

plat1orm, whether in a theatre. or on
the street corner, and always the dis
course was ended, with tie ,rgent re-
quest that we buy Liberty Bonds,
War Savings Stamps or Thrift
Stamps; in fact, so much did we as
sociate the word thrift" with these
government securities, that now, when
the word is mentioned, our minds
unconsciously revert to these issues,
and we wonder since the war is osten-
slbly over, why anyone should still
be thinking so seriously of Liberty
Bonds, "etc."
Unfortunately, Americans have
never been known as thrifty peo-
pie as has been recently said by a
banking executive, "The average
American family makes it's expendi-
lures on the plan, pay expenses first
and save what's left, If there is any
thing"
So we find that the result of this
plan of living, is that only eight per
cent Of the total number of the
worlds savers are Americans, con-
sequently farsighted individuals, in
the position to do so, are trying to
spread this propaganda Of thrift so
that 1t will reach every individual in
every home, and enter into the routine
of his every day life.
The Government, through it's treas
urary department, is still issuing in
viting interest bearing bonds and
certificates; the banks are preaching
the thrift gospel more vigorously
than ever through their savings de-
partments, and some insurance COM
panies have undertaken to assist in
this educational scheme of the ma
tion-for education it is-ry issuing
certain inviting life policies.
Thus we come to recognize the
practice of thrift, as one touching us
personally in our homes, in our busi-
ness, and in the management and up
building of our community.
Not long ago the government is
sued circular containing ten point
financial creed as follows:
/. Work and earn.
2. Make a budget.
8. Record expenditures.
4. Have a bank account.
5. Carry life insurance.
6. Own your own home.
7. Make a will.
8. Pay your bills promptly.
9. Invest in reliable securities.
10. Share with others.
The time allotted to this paper
does not allow lengthy discussion
of each one of these points, so will
leave to your own sound reasoning
al but few, which will bear elabor-
alton at all times. These are: make
a budget, have a bank account and
carry life insurance.
Some men save money by spending
:, some men spend money by saving
it, they save the wrong dollar for
the wrong thing at the wrong time.
Every fortune founded on thrift
was based on the unvarying practice
of saving definite sum, small or
large, before any spending was done.
The first dollar out Of the pay en-
velope or check is the easiest dollar
to spend, it is also the easiest dollar
to save.
Money directed by intelligence
brings good returns, and man can
save more, and spend to a greater
advantage if he knows just what his
money has been going for in the past.
Some items of spending he can tell
off-hand, such as rent, business, car
fare, insurance; others like food and
clothing, the housewife knows pretty
accurately or can estimate; personal
expenses like recreation or health, or
perhaps no one has checked up. TO
write down a detailed estimate OF
just what money has been going for,
is the first step in finding out where
you stand.
A famous author and philosopher
once said: "Twenty people can make
money for 'one' who can use it, and
the vital question for individuals and
for nations is never how much do they
make but to what purpose do they
spend" This bit of philosophy was
never more potent than it is today, for
if we spend wisely, we will save sue
cessfully, and we can only depend
wisely by planning Systematically,
and this brings US to the point of hav-
ing a bank account. The banks
themselves are CARRYING on this cam