Spending money

“ To enable comparisons to be made between the value of money incomes in different places, which is often an object of great practical interest; not only individuals contemplating residential changes, but also governments and other large spending bodies, spending money in widely distant places, having to consider this question. ”

“ But here it may be said that if we spend everything we have from day to day, we are left with little choice in spending. Choice in spending is a test of the girl's character. We may choose to spend our spare money for candy. ”

“ It requires some training, perhaps, to accomplish this economy, but when once used to it, you will find there is more satisfaction in rational saving than in irrational spending. Here is a recipe which I recommend: I have found it to work an excellent cure for extravagance, and especially for mistaken economy: When you find that you have no surplus at the end of the year, and yet have a good income, I advise you to take a few sheets of paper and form them into a book and mark down every item of expenditure. ”

“ Money, which not seldom obtrudes itself with a disagreeable urgency. We cast our eye over that little parchment-bound volume which only "Fortune's favoured sons, not we" can regard with any complacency; and we observe, not for the first time, that we have been spending a good deal more than we ought to spend, and are not far from the perilous edge of an overdrawn account. ”

“ And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. ”

“ Spending naught, I am laying by money for the time when I shall have to travel at my own expense and to provide myself necessaries, and, maybe, to keep myself for a while until I can procure employment. ”

“ When they have nothing to do, they say, in effect: "Let's go out and spend something." And they go out. They spend their lives in spending. They deliberately gaze into shop windows in order to discover an outlet for their money. ”

“ I’ve known a man, and one who drove his cabriolet too, go to a shop and order goods to the amount of hundreds of pounds, aware all the time that he had as little chance of paying for them as of discharging the national debt. I’ve met with another, looked upon as a man of honour, who built up a grand establishment upon the fortunes and credulity of others, who ate his turtle, and drank his claret,—ay, and asked his friends to share in the feast,—knowing all the time that he was spending the money of those who had confided their all to his care. ”

“ B, who lives on a small portion, and invests the remainder in the funds, is thought to give little or no employment. For everybody sees the gains which are made by A's tradesmen, servants, and others, while his money is spending. ”

“ Others, induced by our liberal cash premiums and by means of our easy arrangements for obtaining subscriptions, have proved of great service to us in enlarging our list, besides making for themselves a very considerable sum of spending money. ”

“ "Economy does not lie in sparing money, but in spending it wisely." ”

“ But no Chair of Spending has yet been provided at any University, nor is there any instructor on this important branch of business education at any of the City schools, hence it is that the sons of so many money-making men turn out spendthrifts. They have been taught only one side of the great money question, and that the less important side into the bargain. ”

“ The problem can be most easily solved by a more careful analysis of terms. In the popular view, saving involves the withdrawal of goods or money from use, while spending means putting them to immediate use. The spendthrift is proverbially popular. ”

“ A lot of other experimental schemes are being worked out by an administration of which the people demand action. We are spending huge sums of money, borrowed for the purpose, in an endeavor to squander ourselves back to prosperity. ”

“ It always gives STRENGTH to your money matters to be known as a conservative, careful type of spender.
—m—DISCARD, the Fifth Principle, applied to the MONETARY PLANE, enables you to refuse yourself the present pleasure for the future good. It enables you to spend your money on the thing needed first and to DISCARD the thing you want for the thing you need. It leads to the HONOR type of mind in you for both spending and receiving, for you can even DISCARD the receipt of money when you think it is not right for you to have it. ”

“ A friend of mine once said to a millionaire, whom he saw forever engaged in making money which he never seemed to have any pleasure in spending, “Pray, Mr ——, will you answer me one question: You are said to have two millions, and you spend L600 a year. In order to rest and enjoy, what will content you?” ”

“ A person who parts with money to obtain commodities, unless he intends to sell them, appears to the imagination to be making a worse bargain than a person who parts with commodities to get money; the one seems to be spending his means, the other adding to them. ”

“ He also gave me a piece of advice that I have always remembered, namely, that, if I was not going to earn money, I must even things up by not spending it. ”

“ However, such a view regarding the consumption of wealth can be but partially true. The enormous profits of entrepreneurs made possible the rapid accumulation of an unusual number of fortunes, and the families thus lifted into sudden affluence enjoyed spending their money in the ostentatious fashion characteristic of the newly rich. ”

“ This spending of the best part of one’s life earning money in order to enjoy a questionable liberty during the least valuable part of it, reminds me of the Englishman who went to India to make a fortune first, in order that he might return to England and live the life of a poet. He should have gone up garret at once. ”

“ Without care and method, the largest fortune will not, and with them, almost the smallest will, supply all necessary expenses. As far as you can possibly, pay ready money for everything you buy and avoid bills. ”

“ It is wonderful what an insight into domestic economy being really hard up gives one. If you want to find out the value of money, live on fifteen shillings a week and see how much you can put by for clothes and recreation. You will find out that it is worth while to wait for the farthing change, that it is worth while to walk a mile to save a penny, that a glass of beer is a luxury to be indulged in only at rare intervals, and that a collar can be worn for four days. ”

“ Gifts of all kinds, expenses of all kinds, outgo of every description, must come from new sources of revenue; my fortune and its income and the surplus over the previous year’s outgo must be treated as a sacred fund of which I was merely the trustee. That rule has put me often in straits, has forced me to many money-making measures [134] that in the narrow view would be called relentless. But to it the world owes my highest achievements, as a financier and industrial leader, and to it I owe the bulk of my fortune.
The brain earns in vain, however hugely, if the hands do not hoard ”

“ The family man in a large city who meets these several demands to his entire satisfaction will have little of ten thousand dollars left for the purchase of a trotter, a fur overcoat, and a diamond pin.
The growing consciousness of the value of these complex demands of our modern civilization, when intelligently gratified, acts at the present day as a cogent incentive to make money, not for the mere sake of accumulation, but to spend. Gross accumulation with scant expenditure has always been sanctioned here ”

“ As the bills grew heavier and heavier, from year to year, with the wife and two children assiduously expanding them, he paid none the less cheerfully. "There is some satisfaction in paying up for them," reflected he. "At least a man can feel that he's getting his money's worth." ”

“ When a man has earned, out of his hard work, a hundred dollars more than he needs for current expenses, he reasons thus: ‘I can not go into business with a hundred dollars; I can not embark in trade; but, as I work, I want my money to work.’ And so he puts his small gains where they will earn something. He lends his money to a wealthier neighbor, or puts it in the savings-bank. ”

“ The lender might himself use the money to gratify his own desires. It is his money; he may use it, as he pleases, for his own gratification. Or he may himself employ it productively, and, at the end of the period, receive back his principal with the customary rate of profit. ”

“ Their pens and pencils, luxuries of every sort, and car fare, as well as their charity fund, come from this allowance, and they are learning the right use of money as they never could in any other way. ”

“ The sort of economy we ought to practice may be effected, and ought to be effected, by a careful study and assessment of the tasks to be performed; and the money spent ought to be made to yield the best possible returns in efficiency and achievement. And, like good stewards, we should so account for every dollar of our appropriations as to make it perfectly evident what it was spent for and in what way it was spent. ”

“ Even you, Monsieur Gagnon, could look into the future on those terms. When the expenses exceed the income, what takes place? One pays out all one's ready money, one borrows, sells a cow, a horse, a piece of land. ”

“ At first sight, moreover, you set him down either for the gentleman by birth fallen a victim to some degrading habit, or for the man of small independent means whose expenses are calculated to such a nicety that the breakage of a windowpane, a rent in a coat, or a visit from the philanthropic pest who asks you for subscriptions to a charity, absorbs the whole of a month's little surplus of pocket-money. ”

“ The typical country newspaper groans under a load of debt and seldom gets a fair show to succeed; but in this case there will be no lack of money, and—why, that settles the question, I think. Money is the keystone to success. ”

“ He will most require this aid in the making of leases, deeds, agreements, and other legal instruments.
The balance of cash, which may often be considerable, ought not be allowed to lie idle in the house. All money is part of the vital blood of society, and should be kept in circulation. ”

“ The usual course of development is this: among an advancing people, the number of money transactions increases at first; later, when education has become general, and the people have grown habituated to the giving and receiving of credit, the circulation of money is accelerated, and an increase of the substitutes for money effected. ”

“ The place in which to finance is the shop. It has never failed us, and once, when it was thought that we were hard up for money, it served rather conclusively to demonstrate how much better finance can be conducted from the inside than from the outside. ”

“ Had we, as a nation, collected even fifty years ago—speaking of the transactions as a money speculation, in which view, according to the taste of the day, we must look at every thing—our purchases would now have been worth treble the first cost in money. ”

“ All I asked was a chance to employ a little of the money that I saw about me—not to take it, but to employ it for a little while, a few days, perhaps only a few hours. Money breeds money. Why should I not use some of this idle money to pay me what I ought to have? ”

“ Ring up the revenues and make the dear people pay it in added purchase price!
The people have a few dollars stored away in savings accounts or stockings, and if they want a thing they will broach their hoardings. They have the money. We want it.
One of the surest and easiest ways to get it is to make them pay more for what they consider essentials to their subsistence, to the comforts and the pleasures of their lives. They have been buying some splendid monthly periodicals at twelve and a half cents to fifteen cents. If they want them, why not make ’em pay twenty or twenty-five cents? ”

“ This is by no means a lesson of stinginess; by no means tends to inculcate a heaping up of money; for the purchasing with ready money really gives you more money to purchase with; you can afford to have a greater quantity and variety of things; and I will engage that, if horses or servants be your taste, the saving in this way gives you an additional horse or an additional servant, if you be in any profession or engaged in any considerable trade. ”

“ I have about so much money I spend every year in buying things. I have proposed to study with my money every firm on which I spend it. I propose to take away my trade from the firm that does the least as it should and give it to the firm that does the most as it should. I will vote with my entire income and with every penny I save for the kind of employers I believe in and that I want, for the kind of employers who can earn and deserve and enjoy and keep the kind of salesmen and saleswomen I choose to do business with. ”

“ When the more frugal system, in reference to this point, that prevails among us, was described to them, and also the prevailing clamour for still further reductions on that head, they gave it as their opinion that there could not be money worse saved, and that is must be a great wonder if we were well governed. ”

“ I think that bankers, brokers, and other business men who are interested in the general problems of money, trade, speculation and credit, will find the book of use. Naturally, however, it is my hope that the special student of money and banking, and the special student of economic theory will find the book of interest. ”