New-York tribune., 1922-04-09
Feau Helpful Dissertations
For Prospective Home Buyers
Financing Purchase of Dwelling Easy if Family
Will Not Overlook Certain Fixed Charges;
Budget System Will Remove Failure


sible the earning of a much higher
rate il the money be reinvested in the
business.
! Should 1t be necessary to raise funds
! for securing the home there are sew
| era, plans from which a choice may be
made. Securing the funds will be COM
/ paratively easy, II the land is owned
free Of mortgage or other incumhrance
and the prospective home owner has
| 10 per cent Of the total building cost
! in cash on hand If from 20 to 25 per
/ cent of the total value Of ground and
/ building is all the prospective owner
is prepared to spend, it is generally
possible to proceed in and around New
York with almost any home building
project at this time
Home Ownership Best Investment
Owning a home is one of the most
satisfactory forms of investment which
could possibly be undertaken. AS with
an investment of any kind it should be
entered into only after due and suf-
fcient thought, and one must be care
full not to undertake more than can be
performed. Ordinarily, however, the
objective to be gained is of sufficient
Importance to justify considerable eff
fort and even to make compare lively
easy any sacrifice which may be neces
sary to its attainment.
Though it is by no means necessary
to wait until a home is erected or pur-
chased for the man and woman to be-
gin operating the familys affairs on a
! sound financial basis, it is highly es
sential that theapplication of common
sense business principles to money
matters on a budget basis be applied
at once. This will be easy, of course,
if budget was kept when the land
lords rent had to be met each month
or the room rent weekly.
Whoever in the home may earn the
money, it is recognized fact that so
per cent of the income is spent by the
wife. And it should be recognized
fact that, while it may take some
ability to earn money, it certainly
takes no ordinary skill to dispose of it
to the best possible advantage. All
brides may not possess high order of
this ability. Any normal woman, how
ever, with the loyal cooperation of
normal husband and with careful
study of the matter, can learn to han
die her end of the family's finances in
an effective way. At the same time
tribution toward peace and harmony in
the home and economic independence
in the future.
<AIC dItuCI6 III tNe nome
Husband wife and children are all
partners in this industry, the home.
There is no such thing as the hus-
bands earnings or the wife's income.
Whatever income there is from all
sources is the firms income In many
instances, the duties of the female
partner during the twenty-four hours
of an ordinary day are quite as arduous
as are those Of the male partner. She
has, therefore, done her full share to
earn whatever was earned, although
the pay check may be made out in her
husbands name.
The principal medium for the sue
cessful operation Of family finances is
family Bible in the home is a budget
book. There is nothing so we'll calcu-
lated to eliminate the danger zones
in home relationships and to insure
tho happiness due those united in mat
rimony as tho consistent use of such
volume.
Keeping a budget involves q spirit of
cooperation between the partners of
the industry, a very little time and
three processes-estimating expendi-
tturess in advance, spending wisely and
keeping . record of financial trans
actions.
No one would want to be connected
with any business concern that does
not fulfill these conditions and operate
on the budget basis. No one who
understands the Importance of using a
budget would want to be a partner in
a homo which does not conduct it's af-
fairs in as businesslike a fashion.
Estimate Spending In Advance
BY estimating expenditures in ad
vance one plans the spending. Most
folks know where the money is coming
from and about how much is coming,
Most folks do not know much about
where their money is going or how
much is going for various items. TO
anticipate the spending is to make a
spending as one goes is usually to
budget, or, in other words, to adopt a
measuring rod for expenditures. To
follow on the usual hit-or-miss plan of
spend not wisely but all the income.