Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-04-04
SAYS FEMININE
EXTRAVAGANCE
NEEDS BUDGET
Bonner Advises Young People
to Put Brakes on Credit
Buying.

Discussing wrong and right ways to
use a downtown charge account" Robert
o. Bonner, credit manager Of L. S. Ayres
and Company, speaking this morning be-
fore a woman's thrift meeting in the di-
rectors room Of the Fletcher Savings and
Trust Company, said that although the
woman in business" today is more than
holding her own and is progressing to the
point where she is forcing material rec
ignition, there is unfortunately grow
ing tendency toward extravaganza in the
matter of dress, home surroundings, So
cial demands, etc, and this causes no
little apprehension on the part of en-
ployers."
ut is hard to make a woman believe
it, said Mr.. Bonner, but this obsession
for flnery is gradually making an inroad
on her usefulness and right there is
where educational brakes should be ap
piled with all the force possible. The
problem is not so much the abuse OF
credit as it is lack of a spirit of thrift
or concern for the future. They plead
necessity for extravaganza in attire from
the tops of their heads to the bottom OF
their feet in all seasons of the year. 1t
is a pity so often their pride takes them
so far away from the sensible"
The tendency toward extravaganza Ii
shown graphically on the books Of the
credit departments of the big downtown
stores, Mr.. Bonner showed.
"a dollar will purchase just so much"
he said, land you can't make two dollars
out Of it. To the thoughtless there comes
the temptation to make that dollar do
the impossible. Young men and young
women too often live right up to the
hilt Of their incomes-get credit and pay
| their bills promptly, then stretch that
credit into the third month. The ease
with which this can be done in certain
institutions Throughout the country en-
, courages this type constantly to antici-,
pate the future-everythi1 they buy Is
J to be paid for in money they are going
to earn, one two, three, four or six
months hence. The thinking credit man.
when he recognizes an account Of this
kind, Immediately will put on the brakes
and will reason with such a man or WON
an-usually successfully"
Mr.. Bonner urged that every family in
the community live or a budget.
Let me offer this thought for your
consideration" he said. There should
be a budget system Of income and ex-
pense carried out in every household In
indianapolis The most effective agency
for assisting In this is the bank or trust
company. The work along this line now
! being done by the Home Economics Blu
reau of the Fletcher Savings and Trust
Company should be encouraged and
spread broadcast through the channel of
every woman's club IN this community.
The man, woman or child who Is build
ing his life on the strong foundation Of
thrift and economy and a planning Of
his income and Outgo will always be in
good credit, will always command the
respect and high regard Of his fellow
man and will attain his own hopes and
ambitions"
Evans Woollen, president Of the
Fletcher Savings and Trust Company,
! spoke to the women at the meeting ON
The Modern Bank and It's Meaning to
! Women" The meeting was one of a
series that are being held periodically at
the trust company's office for all women
of the city and county who are interested
in home finance problems.
Mr.. Wooden explained the functions of
the different departments Of the bank and
emphasized the need that every woman
has for a banking connection, particular
" in the use Of the bond department,
which will afford her protection from
bad investments, and the checking de-
partment to facilitate and systematic
her business, especially if it is the bust
ness Of managing the finances of
household. Women he said, control
90 per cent of the income. The woman in
the home determines the ultimate end OF
the families finances"