Evening Republican, Volume 22, Number 146, Rensselaer, Jasper County, 21 June 1919 — SPEND WHAT WE DON’T SAVE [ARTICLE+ILLUSTRATION]

SPEND WHAT WE DON’T SAVE

Indiana War Savings Organization Trying to Reverse General Practice. *. Most Americans have been living on the theory of “saving what we don’t spend.” The War Savings organization forlndiana Is trying to induce the people of the state to transpose two words in this phrase and make it “spending what we don’t save” —to promote wise spending, intelligent saving and safe investmment. On the subject of wise spending the treasury department says: “This means spending preceded by thought. It implies the balancing bt all needs, present and future, and of the means of meeting these needs, and then spending in such a way as to meet the most urgent ones. In essence it is a sort of budget making. “Wise spending sees to it that all the income is not spent on the first needs or desires, lest other more urgent needs or desires appear. “The determination of what is wise spending must rest with the individual, hut he must be helped to overcome the temptation to satisfy present necessities to the neglect of future needs. “On the other hand, urgent necessities of today must not be neglected for fjhe petty ones of tomorrow. Provision must me made for a rainy day and unforeseen emergencies, but economic stability implies also some capital with which to turn around, or to take advantage of opportunity."