10 c
MEDFORD MAIL TRIBUNE, MEDFORD, OREGON
Money Management Ideas
Offered by Institute
. There may be no statistics to
prove it, but u s a safe bet that
just about every family that suc
ceeds in staying ahead of the
bills uses some kind of money
management plan,
Of course, there are budgets
and there are budgets. In some
families, sound money manage
ment is accomplished simply by
talking over proposed expendi
tures and keeping a sensible
balance between income and
outgo. Most families use some
form of financial records rang
ing all the way from a simple
account book to complex Jede-
ers where the amount of money
avananie lor eacn type 1 ex
pense is carefully spelled out.
Many still prefer some varia
tion of the familiar envelope
system. Dad brings his pay
home In cash, which is then
parceled out into as many en
velopes as Were are major
Items of family expenditure.
Has Drawbacks
Simple as this system sounds,
it has a number of drawbacks
apart from the obvious risk in
volved in keeping substantial
amounts of cash around the
house.
As the Institute of Life In
surance points out, this system
probably made better sense in
the days when money generally
was earned and spent en
a week-to-weck basis. But more
and more people now are paid
about twice a month, and some
especially teachers and gov
ernment workers just once 3
month. A similar pattern can
be seen on the spending side
of the ledger as well.
In addition to housing costs
which traditionally have been
on a monthly basis most
.-families now have car and in
stallment loan payments, insur
ance premiums, charge ac
counts, etc., to the point that
many families have a quarter
to a third of their after tax
income committed to regular
monthly expenses. To compli
cate matters further, most of
those payments are generally
made by mail.
All this helps explain the
soaring popularity of personal
checking accounts, which can
serve as a kind of informal fi
nancial control or, better yet,
as a supplement to a more
formal type of budget. Check
stubs and cancelled checks not
only provide excellent tax rec
ords, but also make it easier
(or the family to keep track of
expenditure patterns, with an
eye toward future Improve
ments. First Step
Knowing where the money
went is not quite the same
thing as budgeting, but it's Ihe
, first step in drawing up or re
vising a budget to make sure
it's realistic, and therefore more
likely to work out over the long
pull.
"Realism," in fact, is one of
the key words in the vocabulary
of budgeting. A good budget
can't make two dollars do the
work of three, or reform a
spendthrift, or change radically
a family's ways of spending
money. However, it can and
should reflect the family's real
goals, needs and interests. And,
of course, it should take into
account past financial history
(for instance, debts to be paid
off) and any benefits available
on the job (group life and health
insurance, pension plan, Social
Security, etc.)
Another key is "first things
first." For every family there
are fixed items, payments they
have to meet, rent, heat, utili
ties, insurance premiums. Then
comes an emergency fund for
the unexpected and the alloca
tion for day-to-day expenses
(food, running the household
and the car). After these have
been taken care of, any work
able plan includes an order of
priorities for the distribution of
the money left over.
Perhaps the most important
word in talking about budgets
is "attitude." The actual system
adopted makes little difference.
What counts is how well and
how consistently it's used. It's
no coincidence that financial
troubles seem to haunt families
that resort to a budget only in
times of difficulty and abandon
it until the next crisis appears
on uie norizon. A wiser course,
.the experts say, is to use a
budget not as a remedy but as
preventive medicine for finan
cial ills.
Care of Polished Cottons
Polished cottons are treated
with resin finishes for perman
ent cripness, crease resistance
and easier ironing. Too much
heat softens the resin finish.
Therefore, it is better to wash
in warm rather than hot water.
Home economists with the Gas
Appliance Manufacturers Asso
ciation recommend drying
clothes made of polished cotton
at low temperature in the gas
clothes dryer. .
FRUIT TREAT
Peel and section 1 large or
ange, and cut the sections in
half. Add 1 cup seeded emperor
grapes, 2 large bananas, peeled
and sliced, 3 tablespoons of
sugar and 1 cup (V4 pint) of
commercial sour cream. Toss
lightly and chill. Serve in sher
bet glasses garnished with a
sprinkling of graled fresh or
ange rind. Serves 6.
' ,J : ' 'I
i '-'If
These short and snappy slcep-shlrts of crisp cotton are In
fresh-paint colors and teen-age girls will love the wash, wear and
wow of them. I lorn Warners holiday collection, they are "Cabana
Stripes" in sunshine pink or yellow on white; "Ruffled Dandy"
In blue and white or pink and white pinstripes, and "Cul-Ups,"
In a giddy paper-doll print, green, pink or turquoise on white.
Gardening Under Glass
Subject of New Handbook
The long-felt need for a com
plete, elementary guide to gar
dening under glass, designed
cither for those who already
have a small greenhouse, or
are pla 'ning to build one, has at
last been met with the publica
tion of the "Greenhouse Hand
book for the Amateur" by the
Brooklyn Botanic Garden.
Within the 98 pages are direct
answers to hundreds of ques
tions that puzzle every backyard
greenhouse gardener.
Solid information has been
suppli d by 22 contrbutors,
each an expert in nis own neia.
Topics covered include how
to choose the right type of
greenhouse to fit the available
space and one's needs, its orien
tation, heating, ventilation and
uses. The virtues of glass roof
ing versus plastic are weighed.
For those who must simplity inc
operation ot their greenhouses,
instructions are given for the in
stallation and control of auto
matic ventilators, humidifiers,
and water equipment.
Major emphasis in this hand
bonk is on all kinds of plants
WEISFIELD'S
FEATURE FOR
CHRISTMAS...
- i MTTMUEfi
Select from these superb watchei, product o( Ungines-Wittnauer
ESS
WITTKAUIN
..am.
Both handsomely styled 17-jewel lady's "CO-ED"
and man's "LEADER" watch feature famous anti
rrtagnetic shockguard movement, lifetime main
spring, attractive modern dial, gold color case,
cord with clasp and handsome leather band.
yuuk $ncrnn
CHOICE
2.00 AMONTH PAYMENT STARTS JANUARY 1964
LONGINES SYMPHONETTE
LONG-PLAYING 12" RECORD
ONLY 50c
"SKIPPER"-WITTNAUER 17-JEWEL
ALL-PROOF AUTOMATIC MAN'S WATCH
With stainless steel case, shock-guard
movement and lifetime r r nrt
mainspring. Ideal gift. OD
5.00 A MONTH STARTS JAN. 1964
aw wrurittrvt m'nw -pnr it. wt it. 8mwii- oh yc wum imiWn
fill
ill
suited In growing under glass,
with explicit instructions on how
to succeed with them. These
range from plants that will
thrive in a pit greenhouse heat
ed only by the sun to the best
orchids for a small collection
and their care.
Other plans groups Included
in the 32 feature articles are
geraniums, gesneriads, succu
lents and cacti, hardy and ten
der bulbs, lilies, camellias,
hanging and climbing plants,
bonsai, chrysanthemums, an
nuals, bromcliads, and foliage
plants.
Much information is con-
densed in such forms as lists
of plants suited to a cool or a
warm greenhouse, with through-
the-ycar growing instructions, to
capsule paragraphs on the main
cultural needs of scores of dif
ferent plants. For example,
gardeners are advised to keep
mature geraniums, being held
over for the winter, in as small
pots as possible, hut to renew
the worn-out soil. Essential cul
tural requirements are, full sun;
pruning to promote bushy
growth; light potting; rather
low humidity (geraniums are
not tropicals); a firm but not
cemented potting soil; and wa
tering as needed, maybe twice
week, or only once a week
in dull weather.
Essentials
Considerable space Is given to
such essentials as soils and
their pasteurization, fertiliza
tion, soil testing, propagation,
pest and disease control, and
the use of the coldframe.
As in all of the Garde n's j
previous handbooks, this issue, !
the forty - second m a series, is
lavishly illustrated. There are
115 halftones. Quality hook pa
per has been used. Copies of the
Greenhouse Handbook for the
Amateur" arc available by mail
for one dollar from Ihe Brooklyn
Rntanic Garden, Brooklyn, New
York 11225.
-f
Dracaenas Spectaculars
Looking for a single (ounce
plant to hold the spotlight as a
fall and winter spectacular in
your living room? Try the pro
fessionally grown dracaena fra-
grans massagoana, with 1 1 s
striking green linear leaves
three feet long. This dramatic
plant thrives in a large porous
clay container for proper drain
age and aeration.
Kitchen towels, dish cloihs
and not holders should be
bleached occasionally to remove
stubborn stains. Be sure to
rinse thoroughly.
WEISFIELD'S
MEDFORD SHOPPING CENTER
Uie Weiifield'i Convenient Credit Tormi ,
; ''is.!
IttfSIr
&
few
Phone 773-3348
Acres of Free Parking
. NO MONEY DOWN
Corduroy country can he any
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line rnltnn fahrle gels fresh in
terpretation. Here it's iiyed ley
Paulino In a hrlghtly-lnnrd print
fnr a pull-over top with flared
rnnl collar. Solid pants feature
the new relaxrd Irg.
nmpsteir's
i
1 m MALii
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lmk - now m
f0: i0;Fw"rTere?A8:;U9Go,d $8.9S. $6.55- M
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it'' 12-Ft, Short Roll Famous Bigelow Textured Q dC M. J 1
y'naV' Loop All Wool-For Years of Wear 12.95 Oi09 SL)
VVrr Yrk:H? 1?-Ft. Roll Continuou. Fil.m.nt Nvlon. itlL
X V U Turquoise and Brown loop Texture 7.50 f.V3 M.fj
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f?X3yM 4 Wool-Muted Beige and Turquoise Pattern 6.95 I.OD jrj
I 12-Ft. Short Roll Continuous Filament 3-Ply r C C fVlt
fV n5ar jt Heat Sef Twist Tex,ure-0ffwhi,9 ''95 OtDD
X h 9x12 Heavy Weight Brown and TO ff I
Gcld Colonial Braid Rua ii9.95 WiUU I
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iSft 1 1: Mocha Bei8,-d"1 for Den or Bedroom 1 "so ' yuu
All Wool Colonial Braid Rugs, ' 1A QC
k1r ' i,S-3 .X1 ly Heavyweight, Long Wearing, 36"x60" 19.95 IlieVj I?" M
M$jyj?W Wund. Weave Scatter Ruos- ' f Q
V Decorator Stripes, 27"x48" 14.95 7.95 Ki
I C'.V ' "&?',5J 1B"x27" Discontinued C.rpot Samples, OA tVf
I y . ' W-vVt. A. ,nbCr9l While Thev Last 07 WztM
f$W& ;Iv Dozens cf Remnan,s and Ro" Ends-AT SACRIFICE PRICES m
y Oj suit'' "'tnaedV 1
14, ' f"l ' i 1 5 1 ' A 0r years t y he Say. -If
i I t;I ft rl r i!!?'!!"!
Lwpen in t rnaay evenings w jwf i m
KS v & J
300 BARNETT ROAD
PHONE 773-4000