12—Lancaster Farming. Saturday. January 3,1970
Be Careful With Credit
It’s easy lo set can led away According to a 1965 survey at
and spend more than you really the University of Michigan, it is
si’.ould, especially with the use of the family in the $7500-$lO,OOO
credit as common as it is today, income market. Dul bj no means
says Mrs Shirley Mott. Exten- is ciedit limited to people within
sion homo economics editoi, Uni- this biacket People of all in
veisity of Maiyland come brackets and age groups
, r . , . ~. use ciedit
In fact. «hc continues, today
the use of ci edit is so common Each family must calculate its
that it s a i.aie family that doesn 1 own ciedit capacity, says Mrs.
ss 5a »■>*,««
you want it, is undoubtedly a come diffci in make up, futuie
boom to most families But ovci- job potential, skills, health,
extending the family finances spending habits, and the ability
can cause a tidal wave of unpaid to say “NO” to salesmen and ad
bills at the end of the year veitisemenls Theie aie no haid-
Who uses ciedit the most 9 fast rules on how much ciedit
QUALITY
FINEST
SERVICE
ANYWHERE
\
'
and
MILLER & BUSHONG
Qj Robrerstown,
one cnn afford It's a very
personal derision.
Mrs. Mott listed reasons for
and against credit. They arc:
For 1. It’s convenient. 2.
Con use things while paying for
them. 3. You get belter service.
4. It’s handy in emergencies. 5.
To establish credit rating.
Against 1. It's expensive. 2.
You may tend to overspend 3
You may not shop around as
much. 4 It’s hard to understand
Ask yourself these questions as
you decide whether or not you
can afford to use credit
1 Is having something now
w orth the extra cost?
2 Do you really need it now’
3 What will you gain from it 9
4 Can you meet the payments 9
5 Is it worth the risk 9
6 Will it help you make moie
money 9
HAPPY NEW YEAR
7. What will you give up while will depend on how badly you
paying for it? want the item.
8. Are you dealing with a fair Remember, warns Mia. Mott, if
and honest dealer. y OU jj U y things “on time”or bor-
Afler answering these ques- row money you usually sign a
lions, figure out how much Is paper called a contract. Con
cerning in per week, month or tracts are legal documents and
year list only what you’re sure you are responsible for what you
of. Then add up all of your ex- s jgn.
penses list everything, don’t
skimp. And then subtract the
amount of money you plan to
spend from the amount you ex
pect to make
The amount left is what you
have left for savings, emergenc
ies and additional installment
payments.
All that is left to do then, con
tinues Mrs. Mott, is to decide
whether to save the money and
buy later or to use the credit and
buy the item now. Your decision
/. /
is our Pledge to you for
as one well known advertiser
puts it . . .
“WE’LL TRY HARDER”
The Gang at M & B
'♦. w i
'S'*
«ar
&A«-
1970
To all of you
From
s % 3
P3b
V A <.
Olditmm,
1h
“Other »•'
jther people’s troubles jure
not as bad as yours, but their
children are a lot worse.”
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f Aa
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—gjfttg
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