The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-01-09
MAGAZINE URGES
FAMILY BUDGET
INTERESTING FACTS THAT MIGHT
GUIDE MANY TOWARD
BETTER CONDITIONS.

The December issue of the "Dyna-
no." a magazine published by the
j. C. Penny Company, $40 Seventh
Avenue, New York City, contained an
article of more than passing interest.
Prof Morton, the writer, dealt with a
very timely topic, 1.-THE Family Bud
get;" and in these days when strict
economy should become the habit of
ninety-nine percent of the families, it
would be well if the spirit of the
facts of the article might be under
stood and practiced by a larger num-
Der of American families.
Believing this article will prove
beneficial as well as be appreciated
by the readers of The Star-Mirror, we
are publishing it in full Prof. Nor
ton says:
The family, then, should have a
budget Every family should spend
its income Systematically The small
est income leaves no room for care
less and thoughtless spending. Even
large incomes need to be managed
carefully, if they are to be properly
conserved and leave a margin for
safe investment
The family, then, should have a
budget to guide it's expenditures and
should plan for savings and invest
ment The budget is the spending
plan of the family and, careful adj
herence to it should mean ultimate
accumulation of some tangible evil
dence of thrift in investments and
provision for education of children
and protection for old age and the
period of lessened earning capacity.
The government thinks this subject |
so important that it has issued a |
urging the housewives of
America to adopt the budget system
in family bookkeeping. 1t has adopt
ed the budget system and has asked |
General Dawes, an experienced bank
er and financier, to establish the
proper budget. The result already In
1icates that considerable saving
will accrue to the government news
papers and magazines are advocating
he adoption of the budget for family
finances and the American Bankers
Association is now distributing infor
nation on this same subject.
Alexander G. Robinson says: The /,
'amily, not the individual, is the unit
If which the nation and civilization
ire built Everything depends on the
education and nurture of the next
generation in normal, happy, and
reasonably prosperous homes. The
var has brought enormous unsettling
actors a mental state of unrest and !
of all classes which is
most demoralizing. Added to these
here has been a wanton waste of
apital in the war which demands the |
of capital reserve to per- |
nit the rebuilding of a devastated
world. 1t is largely to the savings of /
he average American family that we
nust look for, this new capital 6
We give herewith number of sug-
estive budgets. These are based on |
lonthly incomes of SIS, $100, $125, a
IT'S, 5000, 1925, and $3.50 The month d
Y budget allows more frequent COM
arison and checking of expenditures =
he budgets given. are shown in the q
able at the bottom of this article. a
Some provision for savings is !.
rged, even with the lowest income, iS
)r the habit of saving should be de-
eloped from the very first. The q
ivings, as proposed in these budgets, Il
lcrease about 1 per cent per month >
ntil the income reaches $125 per II
onth, when it is suggested that the y
lme percentage beused until the in III
,me reaches 5000 per month. At g
$50 per month. the savings are IL
aced at 10 per cent The amount W
savings thus is increased with the F.
creased income. c.
The insurance item in the budget is R
nsidered a real necessity It is S.
tualIy an addition to the savings, at In
asst for the amount of the cash sur A
nder or loan value each year This E.
Mount increases with every addi- H
)nal premium paid. G.
Provision is made for health, amuse- Fl
ent, and charity. All these things Ii
ouId be carefully considered and M
me place provided for them in every
mily budget. AS the income grows,
Suggested MOntI