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Allowance to child seen as road to economy
A home economist from the University of Iowa advocates giving children allowances from ages six or seven to teach budgeting. The program should start small, cover essentials, and gradually expand to include clothes and savings, ideally invested in government securities, while avoiding irregular gifts. The article contrasts this with diamond purchases, suggesting War Savings Stamps as a prudent investment for a young graduate’s future.
MENTIONED IN THIS ARTICLE
Ruth Wardell
Home Econonocs
The
Universef Towa
Hust Sianer Steed
Cleveland
Qhin) Bank
Miss Worde
Gren
Httle Financial
United States of America
Fey