What We Can Learn From This 90 Years Old Article About Savings

I came across this 90 years old article and was immediately intrigued by the fact that the article about saving money is just as much relevant now as it was 90 years ago. When you read the piece, keep on the back of your mind: WWI was not over yet and a flu virus was just about to kill millions of people around the world. Compared to that a little tightening of credit circa 2008 seems like seem like child’s play. Just delay that purchase of a “passing fancy” like your grand grandfather did in 1918. Continue on to the piece of history …

Reprinted from January 1918 (Volume 9, Number 1) issue of the New York Telephone Company’s THE TELEPHONE REVIEW magazine.

War Savings

Not long ago we came in touch with a man who was receiving a very small salary, and who was anxious to take advantage of an extraordinary good business offer, although he felt that it would entail much hardship if he did so, as he was forced to live right up to the last cent of his salary. His wife was very much opposed to hide putting himself under any further obligations, for she had never been able to save anything from their income. However he was induced to pledge some of his salary in advance, and to their great astonishment they found that when they were forced to plan ahead in order to live, they were better off than before, because they lives as well, and saved at the same time. Nothing but actual experience could have proved to them that, no matter how small one’s salary may be, it is improvident to spend it all.

We all know that it is the easiest thing in the world to spend money if it is in one’s pocket. A passing fancy, and “Puff” – it is gone. Has it ever happened to you? Then why put it in your pocket? Fancies are all right, if we have no special reason for saving, but if we have, and we all have, let us guard against them ourselves by putting that money where we cannot reach it, and where it can work for us, on Sundays as well as Mondays.

Put your hat on, run around the corner to the post-office or bank, and buy some War Saving Stamps and Thrift Stamps! In five years from now, when Uncle Sam is paying you $5.00 for your $4.12, you can buy all the fancies you want. The war will be over then.

By G. Everett Hill, Jr.

1st Lieut., S.C., U.S.R.