Evening Republican, Volume 23, Number 211, Rensselaer, Jasper County, 1 September 1920 — Going Into Debt to Save. [ARTICLE]

Going Into Debt to Save.

One of our advertisers' frequently uses this slogan in his appeals for business: Go into debt to save. It is excellent advice. Many people have such a horror of debt that they do not differentiate between kinds of debt, but try to avoid them all. Debts incurring for running expenses mean living beyond one’s income and, while sometimes necessary in emergencies, are deplorable and not to be contracted except in cases of dire necessity. But going into debt for the purpose of making conservative Investments 18 a wise policy, is the belief of the Ohio State Journal. Such debts get a man started right and provide him with that very important aid in saving, a positive and definite incentive. If he buys a bond, paying part down and binding himself to pay the balance in specified installments at regular Intervals, he is not likely to go back on his agreement. Under such an arrangement he is more likely to Save a certain sum each month than If he were merely trying to save it under no obligation to anyone but himself. It helps him stick to a good habit. Going into debt to save is a step toward independence.