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Editorial
June 9, 1915
Pine Bluff Daily Graphic
Pine Bluff, Jefferson County, Arkansas
What is this article about?
An editorial urging salaried workers to save money by treating deposits in a savings account as fixed expenses, quoting Franklin Pierce and sharing a dialogue on financial management, signed by T. D. MacGREGOR.
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TALKS ON THRIFT.
MESSAGE TO SALARIED MEN
"Systematically laying aside a portion of our earnings, during prosperous times, for a less fortunate day, is as ancient in principle, as it is desirable."-Franklin Pierce.
This conversation between an executive and a subordinate asking for more pay is recorded in The Saturday Evening Post:
"Own your own home?"
No.
Any investments?
"Never been able to make any—salary too small."
"If you can't manage such things for yourself, how can you for the house?"
A word to the wise is sufficient.
As far as saving and making money is concerned, there are two kinds of people in this world-those who are always getting ready to do something, and those who go ahead and do it.
The average salaried man's problem is a hard one. He must adjust his living expenses very closely to his income.
He has a "fixed use" for every penny that comes into his hands. Each year his salary may be increased a few dollars, but these few dollars quickly find themselves "fixed" among the expenditures.
He still lacks a surplus.
Of course this system is wrong! We all know that. But the question is how can the system be changed? How can the average salaried man "get ahead" without uncomfortably changing his way of living?
There is a way. Not a mere theory, but a real way that other salaried men are now using successfully.
You can save a dollar or two a week if you assume an obligation to put this aside in a savings bank account. You can adjust this amount to your cost of living and never miss it. You will not inconvenience yourself. All that's necessary is to agree with yourself that your savings account deposit will be a "fixed charge" the same as your rent or your tradesmen's bills or your insurance premiums, all of which you manage to meet because you plan for them in advance.
Will you do it?
T. D. MacGREGOR.
MESSAGE TO SALARIED MEN
"Systematically laying aside a portion of our earnings, during prosperous times, for a less fortunate day, is as ancient in principle, as it is desirable."-Franklin Pierce.
This conversation between an executive and a subordinate asking for more pay is recorded in The Saturday Evening Post:
"Own your own home?"
No.
Any investments?
"Never been able to make any—salary too small."
"If you can't manage such things for yourself, how can you for the house?"
A word to the wise is sufficient.
As far as saving and making money is concerned, there are two kinds of people in this world-those who are always getting ready to do something, and those who go ahead and do it.
The average salaried man's problem is a hard one. He must adjust his living expenses very closely to his income.
He has a "fixed use" for every penny that comes into his hands. Each year his salary may be increased a few dollars, but these few dollars quickly find themselves "fixed" among the expenditures.
He still lacks a surplus.
Of course this system is wrong! We all know that. But the question is how can the system be changed? How can the average salaried man "get ahead" without uncomfortably changing his way of living?
There is a way. Not a mere theory, but a real way that other salaried men are now using successfully.
You can save a dollar or two a week if you assume an obligation to put this aside in a savings bank account. You can adjust this amount to your cost of living and never miss it. You will not inconvenience yourself. All that's necessary is to agree with yourself that your savings account deposit will be a "fixed charge" the same as your rent or your tradesmen's bills or your insurance premiums, all of which you manage to meet because you plan for them in advance.
Will you do it?
T. D. MacGREGOR.
What sub-type of article is it?
Thrift
Personal Finance
What keywords are associated?
Thrift
Saving Money
Salaried Men
Financial Planning
Systematic Saving
What entities or persons were involved?
Franklin Pierce
T. D. Macgregor
Editorial Details
Primary Topic
Promoting Systematic Saving Among Salaried Men
Stance / Tone
Encouraging Advisory
Key Figures
Franklin Pierce
T. D. Macgregor
Key Arguments
Systematically Laying Aside Earnings Is Ancient And Desirable
Salaried Men Must Treat Savings As A Fixed Charge Like Rent Or Bills
Many Fail To Save Because Expenses Absorb All Income Increases
Saving A Dollar Or Two Weekly Is Achievable Without Discomfort