Your Thrift Habits — Budgeting tips from 1948

Long-time readers know that I love old instructional films — the kind of thing we older folks used to watch in high school. (“Play it backwards!”)

Because the previous owners of Get Rich Slowly “unpublished” all of the old films I once shared, I get the joy of sharing them again with a new audience. Today, we start with a gem: “Your Thrift Habits“, a film designed to teach teenagers how to budget.

Produced in 1948 by Coronet Instructional Films, this 10-minute short is filled with great advice — and it's fun to watch too.

“Your Thrift Habits” highlights some important aspects of budgeting and thrift:

  • “If you can do without extravagances, you can save regularly.”
  • Be aware of your budget-breakers and try to avoid them. In the film, Jack's budget-breakers are movies, candy, and peach super-delights. Yours might be Starbucks or iTunes. In the past, comic books were my budget-breaker.
  • “Buying cheap, unsatisfactory products is never thrifty.” When you can afford it, purchase quality.
  • Sometimes you'll have to make choices. In “Your Thrift Habits”, Jack chooses to attend a football game, which delays his savings plan by one week. The key is that he chooses this course of action and accepts the consequences.
  • Don't get discouraged if you fall behind. Jack falls behind once or twice, but he doesn't give up. He keeps saving.
  • “When you save for a specific goal or purpose, it's easier if you have a visual reminder.” Tracking your progress can spur success.
  • Money management gets easier with time. After you've kept a budget for a month or two, or after you've saved for one big item, it's easier to repeat the process.

It's been nearly a decade since I first watched this film. I still love it.

If you spot other short films (or cartoons) on similar topics, please drop me a line so that I can share them with everybody!

More about...Budgeting

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dh
dh
2 years ago

Here’s one of my faves, tho it’s half an hour:

https://www.youtube.com/watch?v=7jA2o5LAU8U&t=649s

dh
dh
2 years ago
Reply to  dh

P.S. This may just seem like a haircut video at first blush, but tons of solid financial wisdom from this old-timer.

Anne
Anne
2 years ago

I just want to say that it is delightful having you back. I’m impressed that you decided to use your funds to go in a direction that you love. I read GRS for several years then drifted away.

Also, I read a number of personal finance blogs and a few of them I have left because of the arrogance of the writers. Yours is not one of them. You come across as such a nice person and it makes your readers want to be nice in return. Again, it’s a pleasure to have you back.

kgs
kgs
2 years ago

I loved this film JD. I too am delighted that you are back. I had stopped reading GRS soon after your departure. Just not the same voice. But the voice is back!!

Mark
Mark
2 years ago

Just found you after listening to a Mad Fientist podcast where he interviewed you a few years back. The 1948 budget clip was actually helpful and not just entertaining! I look forward to visiting your site daily. Good luck with rebuilding it and with your 2018 goals. I like the focus being more on effort and less on outcome. I’m pondering my goals for this year as well.

Jennifer
Jennifer
2 years ago

Love this film and will be showing it to my kids. Not sure if my 19 year old will listen to the advice, but will show it to him anyway.

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