Wednesday, December 26, 2007

The Housewives' Monthly Calendar: January

THE FAMILY BUDGET

BEGIN by planning the family budget for the year. It is easy to do this when your income is fixed. If your budget is likely to fluctuate this year, you must plan it to allow for such an emergency. In brief, you must cut your coat according to your cloth.

The best way to budget is to deduct your income tax then divide your income into eight portions, and allot each portion in this way:­

A. Food and Household Expenses ... ... ... 4 portions
B. Rent ... ... ... ... 1 portion
C. Clothing ... ... ... 1 portion
D. For Saving ... ... ... 1 portion
E. Doctor's and Dentist's Bills,
Insurance and Holiday Expenses,etc. ... ... 1 portion

If the net income is £iooo per year, the money would be allotted in this fashion:
A ... ... ... ... ... £500
B ... ... ... ... ... £125
C ... ... ... ... ... £125
D ... ... ... ... ... £125
E ... ... ... ... ... £125

To discover the sum you must allow for each item in your budget per week, divide each allotment by 52. Weekly expenditure under "Food and Household" should include all purchases of food, drink, cleaning materials, laundry, light, coal or other fuel, wages, household repairs, any minor household replenishing, servants' insurances, or portion thereof, any window­-cleaning payment, etc.

(The Housewives'Monthly Calendar by Elizabeth Craig, 1936 Chapman & Hall London)

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