Evening Republican, Volume 20, Number 296, Rensselaer, Jasper County, 12 December 1916 — Well to Get the Saving Habit [ARTICLE]

Well to Get the Saving Habit

The person who saves is the person who gets ahead. This is one of the first things that the woman in business learns. No business can last, or at any rate, it cannot last very long if it is not run at a profit. Raving * profit in busines? means that the income exceeds the outgo. Exactly the same thing applies I tc the business worker. There are two things that the business worker must resolve upon for business success. The first is to save systematically and persistent Ty. The second is to shun debt, says the Nevrark News. Saving is a habit—a habit <r. can bb cultivated. It has, indeed, io »-» cultivated before it can become i -abit. To save Is to start and add to a fund, which fund represents the surplus gained from work. The business woman who save* regularly is accumulating such a surplus. She is taking one by ono the steps leading to prosperity. Every dollar that she puts by gives her the comfortable feeling of being Just that jnuch mpre financially independent '\Vhat she Is saving for is, of course, an individual matter. The point emhasized here is the importance of the habit of saving. A great many wage earners realize frota the first the importance of saving. Others do not seem to realize It They may put by for special things, but often they do not do even this, and when they do save there is no system about it. And it is system that counts in saving. The only plan to follow, no matter what one’s wages may be, is to save a part of the money received, and to save it regularly, week by week or month by month. It may be only a very small part, but thd putting aside of this part makes for the fixing of the habit. The great thing is to start swing; the next great thing is to keep on saving. Saving should be made sensible and in accordance with the general plan. It is possible for a person to be extravagant about saving, just as It 1J possible to be extravagant about anything else. A person can save at the expense of things that in themselves help to raise the earning power. This is not sensible saving. It may be very expensive saving. It is poor • saying just as parsimony is poor economy. See what you can save reasonably and then, so far as possible, hold to it. Be regular about it. Have a place for your savings—a place where the savings will give you a return. At the end of stated times, say three months, six months or a year, see what you have saved. When the increase in wages comes, perhaps with a change in position for the better, be sure to take account of the opportunities thus offered and reasonably increase the amount of your savings. It is a very decided temptation, when , one has riore money to do with, to increase expenses out of proportion to the increased ‘resources. This temptation must be guarded against. It can be, if the habit of saving has been fixed. The woman who sets aside a certain sum to be saved from her salary comes to be the woman who estimates her erpenses in whatever direction. She knows what her income is, and bcw best to handle it. She is the woman who carefully keeps an expense account and takes pride ln ?keeping it, too.

Here Is a word of warning that should be heeded by many women: Just because something has been saved, do not run into extravagance. It is perilously easy to "borrow” from one’s savings and to use them for this purpose or that Savings may be used in an emergency, of course, but it must be real emergency, not a make believe one. Money kept conveniently near at hand is apt to be used up; if ft is in a bank the withdrawal involves more thought, and the decision to take the money out is, as a rule, not so Quickly made. . ' V’