Evening Republican, Volume 22, Number 6, Rensselaer, Jasper County, 7 January 1919 — SMALL SUMS WORTH SAVING [ARTICLE]

SMALL SUMS WORTH SAVING

How Amounts That Seem Insignificant Pile Up Into Figures That Are Impressive. A great French banker Was. once asked the secret of French thrift, and he replied, “Compound Interest.” Just as constant- waste,to-~ JBttto things, may change one’s life from Success to failure, so the steady saving of money will eventually bring independence, if not actual wealth. Let us analyze the statements made by jthe Frenchman./ There are very few people who cannot, without any Inconvenience what-,, ever, lay aside 10 cents a day. Within ten years one’s daily savings of this insignificant amount will amount to $365, to addition to $80.36 compound Interest, making a total of $445.36 to show for one’s saving just 10 cents a day for ten years. By saving 15 cents addyfoY ten years, with interest compounded at 4 per cent, n n p will have the conifortable sum of $668.18 ; 20 cents a day will net $890.99. Save 50 cents a day for ten years and you will have $2,22T.73. A dollar a day will give you a total of $4,455.74 for the ten-year period. All these figures are based on the savings being put out at 4 per cent ~ r '~"~~ Look back over the last ten years of your Jlfe today. Be honest with yourself! Look facts squarely In the face! Could you not have saved 50 cents a day, or a quarter a day, or possibly a dollar a day? It might have pinched you, now and then, to do so; it might have meant the surrender of a few good times, a few luxuries or extravagances. But it would have meant a substantial sum for you—something that would add Immeasurably to your poise, peace of mind and self-eonfidence.—B. W. Straus in Thrift Magazine, ’