MANAGING HER MONEY

Wanganui Chronicle, Volume LXXXI, Issue 18973, 26 March 1924, Page 9

MANAGING HER MONEY

A NOTE OF EXPENDITURE. “Keep accounts? Of course, I don’t.” exclaimed a business woman of my acquaintance the other day when we were talking of money management. “I know what has to come out of my salary, and if there isn’t enough . . . well, some of the things have to wait! As for keeping accounts, my income i s not sufficiently largo to warrant my doing so yet!” she replied, laughingly. We all laughed with her, but a little, wise woman shook her head while she smiled. GETTING THE BEST RESULTS. “Just where you are wrong!" she remarked promptly. “Every woman who is wise keeps accounts—the size of one’s income has nothing whatever to do with the matter; it’s a question of whether you want to manage or mismanage yqur money—whether you want to get the very best results from spending it; if you do, you will certainly turn over a new leaf and begin keeping accounts.” "But it would be such a bother,” demurred the other woman. “Besides, I don’t know anything about bookkeeping, and . . .” ONE WOMAN’S WAY. “There is no need for an elaborate system of bookkeeping,” was the prompt reply. "As for the trouble, it amounts to practically nothing, and certainly is not to be compared with the good for which the habit is responsible. The best way to manage is to get* several small account books and divide them among the chief directions in which your money happens to be spent. It is impossible todogmatise here. The housewife will want a book for the grocer, the butcher, the dairyman, etc., etc., while the business woman who does not fend for herself will require quite a different set of book headings—fares, lunches, dress, and suchlike. In both cases a separate book will be required for ‘sundries’—the entry of small expenses which do not come under any of the usual headings. Each book should have all ‘money received’ entered on one page while on the corresopnding page should be put all money spent. Every item should be entered regularly in the proper book. It is best to attend to one’s books daily—it only means the expenditure of a very few minutes, and it prevents half the things being forgotten before they are entered.. It is not a bit of good, you know, keeping accounts and peridically putting down lots of ‘sundries’ simply because you fail to remember how-the actual money was spent!

TELL-TALE ACCOUNTS. "It is useless to keep accounts in a haphazard manner; they must be kept regularly if they are to be of any use. They must also be balanced at least once a month—personally, I prefer once a week, as it not only enables the housewife to see exactly where she is with regard to her money, but it also show s up her extravagances.” By the time the little, old woman had done talking the business woman began to see that perhaps there was some truth in what she had been told, and thanked the old lady for her advice, adding—“l am going to take your advice. Keeping accounts may prevent my money slipping away in such a strange way—at least, I shall know how I spent it!”

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