Jasper County Democrat, Volume 22, Number 27, Rensselaer, Jasper County, 2 July 1919 — WHAT REAL THRIFT MEANS. [ARTICLE]

WHAT REAL THRIFT MEANS.

Some interesting ideas on thrift ar< set forth in the South Bend NewsTimes, which says: “The government through Its campaign to encourage popular savings in Thrift and War Savings stamps, has brought the word ‘thrift’ into commoner usage than ever. One hears it on every hand. Yet how many people who use it realize that thrift is a preliminary process and entirely distinct from saving? “The thrifty person is not the one who puts 25 cents Into a Thrift stamp which should be put into a new pair of shoe laces, or $5 Into a W. S. S. which should be set aside that week for meat “Thrift only paves the way for saving. It considers carefully present needs and future possibilities, and decides what are necessary expenses, setting aside such a partion of the income as will provide for them. It also determines what are unnecessary expenses, and stops the outgo of money for them. “That is not; thrift which neglects either process, nor can there be any security in savings when either is neglected. The essential Item of expenditure, temporarily Ignored, will have to be met finally, probably by taking from the savings what should qever have been put there. The unnecessary expenditure oft repeated means no savings at all. “Thrift holds the scale between the two, and upon the nicety with which a balance is maintained between legitimate expenditure and waste will depend present comfort and future prosperity.”