NEW TIPS TO-SAVE MONEY.

Hawke's Bay Tribune, Volume I, Issue 99, 8 April 1911, Page 4 (Supplement)

NEW TIPS TO-SAVE MONEY.

TELLING THE RFAL SECRETS OF PUTTING A LITTLE BIT AWAY FOR A RAINY DAY.

Mr. Rockefeller, who is generally believed to be the richest, man in the world, has said tha: when he was a youth he made a point of saving one quarter of all he earned. We can’: all be Rockefellers; we don’t want to be ; but there is not one of us who would not be the better for saving a certain proportion of his or her income.

Saving sounds easy. As a matter of fact it is not. It is almost more difficult than earning. And a funny thing is That people who are struggling along upon a small income are. as a role, more thrifty than those who are better off.

The reason is this. People who have not much money and have difficulty in making ends med: are careful about spenfffhg, and as a rule know to a nicety just where every shilling is ’aid out, while others, who.se income is what may be called comfortable, a*e not. careful of petty cash. They buy a book here or a box of sweets there. They tnko cabs instead of ’buses and give sixpenny tips instead of twopenny ones, while often thev s »nd a telegram wh?re n nostcard would have done as well. ' Then they are surprised when, at the end of the mon-' h or the quarter, they find their balance at the bank so low as it is. Tlie first principle in the art of saving money is !:o know .exactly not only how much one spends, but how one sounds it.

* In order to know this it is absolute h necessary to keep strict accounts. "Account! Oh. I couldn’t b? liothercd. Just think of having to put down every penny I spend 1 Why. it would take me all my time to remember it !” That is what 'Jie min says who has never been accustomed to keep ae-co-ints And he really believes it. Ho is quite mistaken. Every bo.v c-llgh.t to be caught- at school to keep accounts, but even the man who has bad no such training will be surprised to find how easily the habit is acquired. and what a comfort, it is when once acquired Tho first step is to spend a penny on a little’cash-book. On one page put down al’ money received; on th? opposite all paid out. Tlie latter must be itemised, not put down in lump sums. The great object in keeping accounts is to know where the money goes." Each of us has some pd: l extravagance which is apt. to grow upon one. One man sjiends too much in tobacco; another’s tailor’s or hosier’s bill grows yearly : a th’rd finds that he has spent, more than he imagined on ’bu«cs, while a fourth has taken to a more expensive mid-day meal, and finds that the few pence extra daily has run into a ten-pound nd:ie in the course of

Petty cash is what you should be particularly careful to keep an eye upon. Noto what money you have in your pocket: in the morning count it

at bed time, and see how much you have left. It is not difficult to make the small mental effort necessary to i©member where it. has gone. Never mind if people laugh when you pull out your li itle book and enter up items ; it will be your turn to smile a few years hence when you have a comfortable balance to your credit. When von have your accounts well under way you can soon see how much you are able <m save. Each man, or woman either, must judge this for him or her self. Vcu will soon know exactly how much you can allow yourself for every form of expenditure. How much to put by for clothes, how much for food, rent, and itaxes, and how Finch you can afford to pay for yout pleasures. Having allotted the various sums for each and every expense, yon can fix on the exact amount to rnr*. a wav.

Put this money aside at regular intervals. It mii't be a fixed sum, and nothing must interfere wi:Ji your iron determination to put tha; exact sum a wav week hv week or month hv month.

A our hank balance will soon grow into respectable figures. Tlie wise voting man who starts to save earlv will have a good lump sum put by for niiddle-

Nothing is more delightful tlrnn to feel ’.hat vou have a sul s'antial bal-

ancs which is steadily increasing. It .lives you a feeling of comfort and 'ocurity which was unknown before.