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Editorial
April 27, 1876
West Jersey Pioneer
Bridgeton, Cumberland County, New Jersey
What is this article about?
Editorial promotes financial independence by starting with small savings, practicing self-denial, and nightly reviewing expenditures to cut waste and build economical habits.
OCR Quality
98%
Excellent
Full Text
HOW TO SAVE.
The way to save is to begin with little matters, and to begin at once. No one ever made his way from poverty to riches who scorned economy in all things and could not comprehend the value of a single cent. The poor man who would get ahead pecuniarily must learn that to save cent after cent -one at a time, if he can do no more--till he gets a hundred of them, and so has a dollar, is a wise and noble thing for him to do. Having thus actually saved his first dollar, he will have acquired with it a power of self denial and a tenacity of purpose which will enable him to save one dollar after another until he gets a hundred; and then he can save on indefinitely and become independent in fortune. "But," says some one who has lived all his life without saving, "how am I to save? My habits are fixed. How can I learn to lay by something for old age?" You must do as to money matters what a certain ancient school of philosophers did as to morals. These old sages used, every night, to review their actions for the day and see what they ought not to have done that they had done, and what they might have done better of the things which it had been necessary for them to do. So, too, must you every night review the actions of the day, and see what you have spent that you ought not to have spent, and how you might have got more economically what it was necessary for you to obtain. Any one who faithfully makes such a review of his expenditures will be apt to discover many opportunities for retrenchment and reform, and then, if he will, he can at once begin to save, and may acquire economical habits which will secure his future prosperity.
The way to save is to begin with little matters, and to begin at once. No one ever made his way from poverty to riches who scorned economy in all things and could not comprehend the value of a single cent. The poor man who would get ahead pecuniarily must learn that to save cent after cent -one at a time, if he can do no more--till he gets a hundred of them, and so has a dollar, is a wise and noble thing for him to do. Having thus actually saved his first dollar, he will have acquired with it a power of self denial and a tenacity of purpose which will enable him to save one dollar after another until he gets a hundred; and then he can save on indefinitely and become independent in fortune. "But," says some one who has lived all his life without saving, "how am I to save? My habits are fixed. How can I learn to lay by something for old age?" You must do as to money matters what a certain ancient school of philosophers did as to morals. These old sages used, every night, to review their actions for the day and see what they ought not to have done that they had done, and what they might have done better of the things which it had been necessary for them to do. So, too, must you every night review the actions of the day, and see what you have spent that you ought not to have spent, and how you might have got more economically what it was necessary for you to obtain. Any one who faithfully makes such a review of his expenditures will be apt to discover many opportunities for retrenchment and reform, and then, if he will, he can at once begin to save, and may acquire economical habits which will secure his future prosperity.
What sub-type of article is it?
Moral Or Religious
Social Reform
What keywords are associated?
Saving Money
Economy
Self Denial
Daily Review
Thrift
What entities or persons were involved?
Ancient School Of Philosophers
Editorial Details
Primary Topic
Advice On Personal Saving And Economy
Stance / Tone
Encouraging Thrift And Self Discipline
Key Figures
Ancient School Of Philosophers
Key Arguments
Begin Saving With Small Amounts Like Cents To Build A Dollar
Acquire Self Denial And Tenacity Through Initial Savings
Review Daily Expenditures Nightly To Identify Unnecessary Spending
Adopt Economical Habits For Future Prosperity