Show rIME CE-rIME T TH STANDARD OF LIVINGS LIVINGS' NG LAG AFTER THE RISING INCOME OI LI v a I s I 1 T t I 30 I 1 FRi I I I A rising standard of living should wait upon r rising sing income 0 Recently a successful business businessman man manas was was as giving a young fellow renow who was Just starting out some advice on conducting his finances The advice was sound At present you are making a avery avery avery very small salary said the older man and your jour our standard of living is necessarily low In time your salary will Increase increase- but dont don't let that lead you ou at once into greater expendi expenditures t ures Right now you OU cant can't save much It takes every cent you make malce to live All right When you get that first raise continue to live on exactly the same scale and save the difference Then when you get your second raise you can raise your standard of ot living to the level of your our first raise If you follow that plan you jou OU can always save money and arid it wont won't prove a hardship hardship hardship hard hard- ship to you Letting the standard of living lag after atter the raise in inco Income n ie is an excellent plan for the young manAt man At worst it means only the postponement postponement post post- of ot luxuries for a short time and It insures him him- of 0 economic economic eco eco- Independence in later life Ufe Copyright 1926 1026 Associated d Editors Editors Edi Edi- tors Inc |