Excerpt from Household Accounting and Economics
The management of a home is a business. The housekeeper of to-day, if she is to manage a home successfully, must be educated in the various duties and responsibilities of her position. Courses in the different branches of domestic science in both public and private schools are furnishing this training to the girls of the country.
But this is not enough. They should be shown the true basis of the management of a home, which lies in a knowledge of the economic principles that underlie the expenditure of the family income. They should be taught how to plan their own expenditures and those of the family. They should learn to keep their own accounts and those of the family in order to help in planning the family expenditures. Properly kept accounts furnish a history of the family expenditures that can be made a valuable aid in future planning.
The experience of home managers is that a careful study of home economics and accounting makes it possible for the housekeeper to plan more wisely the expenditures and to save a larger part of the family income. The study of household economics is a study of the economic basis of the family. The standard of a family depends in part upon the income, but, above a certain minimum income, it is mainly dependent upon the choice of expenditures.
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