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thing to do with money, but it is also a very appropriate thing to save money, 

 and to give money. We can at least spend and save and give from the income 

 that we have, if we are to use it. Usually in speaking of the income, we 

 have in mind money a money income. 



Let us consider two families with the same money income or approxi- 

 mately the same living in about the same place, and having the same 

 number of people so that they have about the same conditions to meet. We 

 find one family that is very comfortable, they seem to do the things they 

 want to do, have the things they want, and on the whole they give the effect 

 of being very prosperous. The other family does not give that impression 

 at all. They seem to be in more or less difficulty. The income is the same. 

 There must be some difference in the way they use it. 



I think sometimes it helps us a little bit on the income if we forget our- 

 selves and look at our neighbors. You know we can tell so much more about 

 our neighbors and what they ought to do than we can about ourselves, so if 

 you will look at and talk about Mr. Smith or Mr. Jones and their families 

 it is just a little bit easier. 



One of them does very well with his income and' one does very poorly. 

 The fact that one is in better shape than the other when the income is the 

 same, as I say, will have to lead us to conclude that one of them uses his 

 income better than the other one uses it. That ought to lead us, then, to 

 think a little bit about ourselves, and about the possibility of our being able 

 to do better. 



WHAT SHALL WE DO WITH MONEY? 



How should we use our income? Well, I believe that your income should 

 mean to you, and my income should mean to me, the gaining of the things 

 that you want and that I want. The quarrel that I have, if I have any 

 quarrel, is with those of us who do not know what we are spending and 

 cannot really say whehter or not we are getting what we want. The money 

 comes and the money goes, and we have the feeling in some way that we 

 lack some of the things that we want, and we are not quite satisfied, and 

 we cannot tell how we have spent our money. We have no right to feel sorry 

 for ourselves none at all. We ought to know what we are doing. We ought 

 to know what we want, and we ought to know whether or not we are using 

 our incomes to gain the thing that we really want. Of course, it is to be 

 hoped that we are wanting something that is worth while, but in the last 

 analysis your income ought to get for you, as far as possible, the thing that 

 you want, and my income ought to bring to me the thing that I want if I 

 am using it well. 



We should not all spend alike because we haven't the same conditions 

 to meet. We should not all save alike; in fact, desirable as saving may be, 

 there are families and there are conditions where for a period of time it is 

 perfectly impossible to save anything. 



Sometimes it is necessary to pass through a year without saving any- 

 thing. It is a very unfortunate thing if we have to pass through many 

 years without saving something; it is unfortunate if we haven't the habit 

 of saving; if we haven't the habit of distributing our expenses in such a 

 way and our expenditures in such a way that we may have money to spend 

 all the while but it is fairly concievable that there are times when it is not 

 our business to save, it is our business to spend' for we haven't enough money 

 to do anything else under the conditions in which we are living. In general, 

 one should save, but it cannot be all the while. 



What is, then, a good use of our income? People frequently talk about 

 necessities and there are certain things that we must have. For instance, 

 if we are going to live at all we must have a certain amount of food, a cer- 

 tain amount of clothing, and we must have a roof over our heads as a 

 shelter. 



Now, if we have an income which will give the food which is necessary 

 to protect us, and a roof over our heads, we can then begin to decide what we 

 want. In other words, there is a little choice left us after the bare necessities 

 are secured. We have come beyond the primary needs. 



