The Redwood gazette., 1929-12-18
Essay Awarded 3rd
Place In Citizens
Bank Contest
Thrift

A thrifty person is a desirable
citizen. 1t is not only because he
buys the things that are necessary
but because he usually deposits a
portion of his money in the bank.
There it is loaned to responsible peo-
pie and used for good purposes.
To save is one of the wisest things
a person can do. The Savings Banks
are for the deposition of ones saw
mgs. If that is what it is for why
not make use ef it The first dollar
earned is the easiest to spend, but it
may also be the easiest to save. You
must save the first earnings or you
may not be able to later.
The great men of our country had
to be thrifty. Henry Ford had to
save to start his large Ford plant.
Thrift does not mean stinginess.
1t not only concerns the saving of
money but it relates to the way in
which you use and care for the goods
you own, and the way in which you
spend your income. Thrift is very
essential. One person can do little,
but if safely invested, the accumulat-
ed earnings of many people may en-
able them to have luxuries and COM
forts as well as the necessities of life.
Mr.. John d. Rockefeller says, eff there
are nice things you wish to buy, and
they are necessary, purchase them;
but do not squander your money"
Spending is easily done. 1t is just
natural to see something you want and
you wish to buy it. The habit of saw
inp must DC learned just as arithmet-
Ic, history, or any other study.
Mr.. Charles Schwab advises all peo-
pie to get their moneys worth when
they buy something. He says,
Everyone achieves successful accom-
plishments who spends his income to
advantage and gets the most possi-
BILE for his money"
The thing with which you must be
thrifty is wealth. 1t does not only
consist of money buot of land, build
ings, implements, books, and numer-
Gus other things that you own.
Wealth may be produced and invested
to be used when needed lat
Thre are four principal rules that
must be kept in mind when learning
to save money: Begin while you are
yourg; be satisfied with small
amounts; save with regularity; live
on budget.
A personal budget is the surest
way to learn to spend wisely. A
budget is plan for the wise use of
one's income. By using the budget
plan you can estimate how much
money you will need within the time
for which it is made.
Well managed homes, stores,
churches, factories, schools, and state,
county and city governments, all live
on budget basis.
\ Our government at Washington or
ganizes budget bureau to estimate
the national income and the appor-
tionment of expenditures. By doing
SO the government officials know
what the money is to be spent for
during the period for which the bud
get is made.
If you are to be classed as a thrift
ty person there are three rules you
must follow. They are: First, your
income must exceed your expenditur-
es. Second, this surplus must be saw
ed. Third, your savings should be in
vested or put to work for you.
People invest their savings in many
kinds of institutions. Some of these
are the Post Office Department with
its certificates, bonds, and postal saw
ings stamps, school banks, life insur-
ance companies, and also the efficient
banks with their savings, commercial,
and trust departments.
In France, four out of five farmers
own their farms and nearly everyone
has a separate savings account.
America has the reputation of being
the most extravaganza country in the
world. AS group they spend nearly
three billion dollars for nonessentials.
Because of this fact you can plainly
see that the problem of thrift could
be greatly improved.
Lois Sorenson.
District 18-Delhi, MINI.