cn)

Rem successful management of a
household is as much a _ business
enterprise as the operation of a store
or office.

If a family is to get the most for its
income, a record of past expenditures
and plans for future expenditures must
be made, just as in any business.

Every year more and more home-
makers are becoming alert to the im-
portance of the business side of house-
keeping. The wise mother will enlist
the co-operation of her children in fol-
lowing a budget and in keeping their
own records. The children will develop
good habits of spending and a willing-
ness to share responsibility if they have
a clear understanding of what the in-
come actually is and how it must be
apportioned for necessities.

The budget system consists in esti-
mating or planning ahead for one’s ex-
penditures and then dividing the in-
come during a definite

STRETCHING
THE FAMILY INCOME_

By K. G.

however, apply to all families.

A classification of items of income
and expenditures must be decided
upon. Expenditures include such
items as: Food, shelter, operating, fur-
nishings and equipment, clothing,
health, advancement, personal items,
transportation and savings. i

Chase Going Woodhouse, of the
United States Bureau of Home Eco-
nomics has summarized helpful sugges-
tions for making a plan for expendi-
tures as follows: |

“The plan should cover, so far as
practicable, all family income and ex-
penditures, including savings.

“The plan should be discussed by
the whole family, if this is possible.

“The plan should be made for at
least one year ahead. It is highly de-
sirable to have it divided into estimates
for each month.

‘The plan should treat each class of
items separately, but

period of time. The
object of this method is
to distribute the income
throughout the year so
as to eliminate the lean
days common to so many
families.

Because of varying
conditions that govern
expenditures in families,
no set rule for budget | ing
making can be pre-
scribed. The method
chosen must be adapt-
able to the needs of the
family. Certain factors,

Here’s
makes

value.

system.

A Chat About
Budgets

an article that

interesting

ing and at the same time

holds a world of real

Not merely advocating
the advantages of budget-
income against ex-
penses — but a_ practical
article telling how to ap-
ply the household budget

should bring them to-
gether into larger groups
for purposes of compari-
son and study of expen-
ditures.

“There is no standard.
plan or budget for a
family of a given size
and with a given income.
Each family must de-
velop its own plan of
expenditures on the basis
of its particular needs
and particular situation.

“In working out the
details of the plan, fol-

read-

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