Show mily Budget adge Wh Who Needs It Sponsored by South Davis First National Bank in cooperation cooperation cooperation cooper cooper- with the Davis County Clipper Address your question to South Davis First National Bank 1606 So Main St. St Bountiful Utah or to this paper Question The budgeting of our family income seems vo o become more perplexing all the time with constantly increasing increasing increasing in in- creasing prices and demands upon our income With such a situation is it really worth all the trouble Answer This depends upon the value you place on reaching reaching reaching reach reach- ing some goals you might desire desire desire de de- de- de sire to achieve It is true that the preparation preparation preparation I tion of a family budget and adhering adhering adhering ad ad- hering to its specifications certainly certainly certainly has its frustrating moI moments mo mo- I ments But the signs of the times would indicate that a I budget should be of primary importance I WITH OUR ever increasing increasing- security programs such as social social social so so- cial security workmans workman's compensation compensation compensation com com- stock participation plans insurance plans designed for every eventuality imaginable imaginable imaginable and with the possibility of medicare it appears that tha great emphasis is being placed upon the goal of perpetual fi financial financial financial fi- fi security This being the case the family family family fam fam- ily budget should be given a place of importance in the range long-range plan of fiscal sta sta- sta- sta A BUDGET adhered e d to would be he of particular worth to young married couples It is during the first few years o of marriage that financial adjustments adjustments adjustments adjust adjust- ments and pressures play an important part in family happiness happiness happiness hap hap- both present and future During this time the ground groundwork groundwork groundwork work is often set up for such projects as attaining a stable employment situation the type of home the family is later to acquire the size of the family and provisions for education missions and other projects o of special interest to the family THE TILE TRAP comes from the I desire wants I Ito overwhelming to want to have our cake and eat cat it too as the saying goes Without Without Without With With- out thinking many young cou cou- pies ples try to embark upon lifes life's I ventures with the same type of home furniture and equipment car the same standard of food and entertainment and so on onas onas onas as their parents have after a lifetime of work and lation Because of healthy employment employment employment employ employ- ment conditions wages o 0 f younger couples may be almost equal to that of their parents This doesn't establish them on ona ona ona a par as far as ability to pay for such items however JUST GETTING established and beginning a new family adds greatly to the financial strain And when all of these other items are placed on the list of expenditures to be paid out of the monthly check about the only way of obtaining them themis is through credit buying Credit can be a fine thing serving a worthwhile purpose But Jut over indulgence can create create cre- cre ate financial irresponsibility and md chaos Many find after it jt itis its is s too late that they are arc actually actually ac- ac paying in excess of 20 per cent of their net pay in interest interest in- in terest and carrying charges FEW BUDGETS can withstand withstand withstand with with- stand this pressure for long as ns there is always an unexpected item tern such as a doctor bill a n broken window torn clothes etc that will creep in to upset the best laid plans The net result result re re- sult is actually having to give up some worthwhile items th that thai could have been acquired with better planning and exercising some restraint This oft often e n means that many long range projects meet with disaster We can conclude that a family family family fam fam- ily budget is very much worth worth- while Let me add that an item for savings should always appear appear appear ap ap- ap- ap pear in the budget ones one's net assets increase each year goals set for the future will b be e difficult to attain ANOTHER suggestion Select t a a. good financial counselor such as a banker or a trusted friend with sound experience in finance and let him help vou you pilot your way And if h hr 7 doesn't always tell you what you want to hear give his advice advice advice ad ad- vice serious consideration any any- way |