Your Family Budget (1949)

[Music] [Applause] [Music] do I just what I want the money's at Holland could you put it away until tomorrow I'll be back to get it the name's Conor great Conor so it's design we can hold it throw me out of the money tomorrow it's tiny Connors still win an award well over fix the old buggy up I'll have to get the down payment from home set aside four of them for me will you Tom Connor so each of you had your eyes on that $20 well it's too late now I've spent it all right Tom stop the car what about $20 right there our new carving said we'll have this up after supper we need those new tires that gorgeous handbag and I need one we'll see after supper boy oh boy can't get anything you want around here we'll take this up in our family meeting but a happy family but it's time we got something I wanted yes in the Connors family as in many families discord and unhappiness are the results of improper management of money let's see if the Family Council after supper will get anywhere with this problem well I'll be ready time but you know I have given this a lot of thought isn't it about time we worked out a better way of planning and what we do with our money we plan all right we've got a budget we spend for food and the rest of the money just goes doesn't it it's always a race to see who can spend it first and that's the money we should plan for together to find out what we really need and who needs what the most and save up money for big items like the television set we all are a lot why don't we discuss our budget right now yeah this is the flattest northern I've been using we started out with our annual income of three thousand dollars that doesn't include my usual hundred dollar bonus that's income we can't travel then we divide our money into these major items first the essentials food takes 30 percent or $900 causing the payments on our house and upkeep require 20 percent clothing for all of us fifteen percent operating expenses another a 15 percent family advancement and that's many pennies gets 13 percent then we try to save 7 percent if that works alas the budget we've had I guess we need your help with it your checks pretty well what the percentages my business tax gives for our family's income guess it's alright but Dad what does my new driver come from well recreation money that's well then I can get my driver right away all along we've got to pay for medical bills schoolbooks to church offerings and movies out of family advancement too that's why we need better planning how many times do we want to go to the movies this month when do we get the radio fixed should we try to have our entertainment at home how much for church offerings what about new screenings for the porch it seems we need more detail planning for our budget may help us to buy things when we need them well if the family can agree to plan perhaps the budget details can be worked out over a period of several family conferences the new budget grew out of cooperation trying to see the other fellas point of view and it was more detailed not just clothing but specific amounts for each member of the family that way they could see how their expenses compared with their plan not just general operating but specific costs based on the average figures for the last year and family advancement funds are planned and scheduled as well as possible you know I think I'll be able to get that driver and a couple of months or should I get a job after school so I can fly it solo practice to the doors and I can't have the new hand by for the January party but I can pick up a couple of use tires we're on the carnal spring then we can get a new setup well let's get this into operation shall we will do what I guess I'm in charge of income and I'll look after I'll check of your table and large payments life like the Hoffmans it's probably up to me to do most of the purchasing good rayon poly can help fans he'll usually buy something your own clothes yes we can help you keep the expense records sure we'll practice up on our personal expense budget and then we can help us with our family records we'll need someplace to keep bills and records how about the desk good that's how a bookkeeping department from now on so the Connor family budget was set in operation bills were kept in one place and paid regularly each month check stubs together with receipts for cash expenses provided the means of keeping oral records and these records form two bases for frequent family conferences to check progress whether keeping close to the plan or did they need to change the plan and the budget plan reminded them to say no to less important things to save the things they really needed you don't know how much I like it see oh it is lovely dear very nice yeah I'm glad you've got it too you know I wish you'd get your golf club now hey we've got money in our savings now plenty I could get that driver couldn't I savings money for golf clubs ray found our fly not a few weeks later when an unexpected expense came up when the car was fixed Wow what will that do to the budget and so the family council met again you'll still be short fifty six dollars on this repair though we'll have to take the money from some other Ivan but we can easily pay a bag can't wait the next few weeks of operating expense will make up the difference know what move there's an insurance payment coming up and we have to order some coal it's running low so I won't have to cut into other phones well we have savings I don't mean to touch our savings bonds but we build up a little emergency fund in our bank account of course where I have to be sure to save up the money as soon as we can but there's a way to pay that repair bill isn't it and that's what the connors decided to do well some months later the Conners have paid the repair bill and have saved the emergency money once more the planning of their family spending is shown in poly square-foot our family budget has given us some of the things we want golf club handbag new tires their mother's favorite rosebush and some big things - some savings families is the baddest chick pretty soon now we can buy a new television set course it does seem to me we should got a refrigerator no it's a television stuff for us isn't it dad well I think you all agree that we ought to have a do you like this time garden furniture perhaps the budget won't help the family to buy everything they want with their extra money but the budget is a reminder a reminder of their first agreement to plan their spending of the specific allotments and scheduling of their spending of the responsibilities for managing the budget and keeping records and a reminder of the flexibility and the handling of emergencies so the family can continue to benefit from their budget and enjoy the use of their money [Applause]