ARNOLD BENNETT ON SAVING.

Franklin Times, 3 January 1923, Page 3

ARNOLD BENNETT ON SAVING.

No matter how small his revenue, th© youth ought ic& save, says Mr Arnold Bennett In a magazine article, If saving involves depriving' himself of cigarettes, cinemas,, fancy socks, or butter upon his bread, stilt he ought to save; he ought -o pepform a miracle and save! He may be v able -to save only a very little, a trifle, a mere nothing—he ought to save. It is the habit ok saving that counts—not the sum saved. "havings are a weapon which no one can afford to disdain,; The world is a dark forest by brigands and tigers ; savings are \the gun of defence., Without savings a man is at the mercy of an illness, an accident; r -i waij, a trade- collapse, the caprice df- an employer. And there are tens of thousands of and on only young 'Tnclmduals, in, London and New York to-day whoj have nothing between themselves and: calamity, but the coins in the pockets ,and the wages due to them next Saturday, This is a strange and very disconcerting fact, but a fact it is. The’-, bulk of these 'tens -of thousands \of indivuals are cafe-less fools, guilty of the lfenacy :of the man who smokes a cigarette, in,.a petrol store. Further, and in. addition *to sayjpg .in ■■ liquid! money), the - youth ought to insure his fife. Insurance companies, who - have cultivated the. craft of plausibility to an amazing degree, affirm to the youth that it. is cheaper to insure oneself when young,, Insurance companies do not treat the young - more favourably tlyrn the oldthey treat 'people of all ages in precisely the same hard, business-like style. It is not cheaper to insure young than old. As regards himself, -however, „the youth has a very considerable advantage in insuring.j To insure is a dodge foi, compelling' himself to _ save,