MAKING YOUR DREAMS COME TRUE
Every home maker has a cherished ideal for the various members of her family. The rapidity with which that dream is realized depends upon how the family income and individual energy are used. To those who have never kept a record of expenditures, the first definite step toward establishing a substantial financial basis and assuring progress to the family is the keeping of an expense account. Each day, make an accurate accounting of all expenditures. Keep this carefully for four months, then, with that account as a basis, plan your expenditures for the next four months and live within that plan. The third quarter, keep your expense account again and then you will have the accurate information regarding the financial needs of your particular family. After a careful analysis, make up a year’s budget, cutting down non-essentials and adding to accounts that really mean an advance step toward your goal.
The following percentages will serve as a guide showing the possibilities of various incomes. Each family will find it necessary to adjust the figures according to special needs, local conditions and family ambitions. Special education is worth economy in many lines, as it offers future returns and is really an investment.
The food section of the Family Account Book is perhaps the most important. Without properly prepared food in proper combination, and quantity, we are not able to exercise our greatest earning ability, to grasp new situations as we should, or to invest our savings wisely. By keeping the food account according to the body building uses of the food purchased, we daily progress in our food knowledge and become adepts at using alternative foods.
When one really operates a budget plan to win, it is an advancement in itself. In cases of a large independent income it is wise to have your banker’s representative work out a budget for you. The budget outline, on [page 6], is estimated for a family of five, one young child, two school children, mother and father. Where the family is smaller, the food and clothing accounts will change, the amount saved going either to savings, investments, or advancements.