If you run am automobile, estimate
what it will cost during tiie next 12
months for gasoline and oil, repairs
and replacements, insurance, taxes,
license and new equipment, and per
haps for garage rent. On the farm,
if you wish to know what the family
living costs the expense of the auto
; mobile should be divided between the
household and the farm business, tiie
proportion charged to each depending
on the relative amount of use each
makes of the automobile.
There is the future. You want to
own your own place, have money in
I the savings bank, feel the security of
owning certain investments, be sure
of being able to handle emergencies
iand of having insurance enough to
care for the family. In the light of
all the family needs decide what ran
b® saved and then think of that sutn
just as you do of the rent or the
grocery hi!!, as something which must
be met each month.
Now compare the totals of your two
. lists—your estimated income and your
estimated expenditures. For safety
tiie expenditures should lie somewhat
under the income in order to provide
for the unforeseen. Go over your ex
penditures until this margin appears.
You may find some extravagances if
you look for them, especially in your i
small exjienditures.
A Budget for Each Month.
| ‘You now have a spending and sav
ing plan for next year. It will lie
I easier to follow if you work it out for
'each month. Take a blank hook and
| write down on the extreme left-hand
side of a page the classes of expendi
ture, such as food, housing, clothing
and the detailed items under each.
