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Because the previous owners of Get Rich Slowly “unpublished” all of the old films I once shared, I get the joy of sharing them again with a new audience.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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There are 6 comments to "Your Thrift Habits — Budgeting tips from 1948".

  1. dh says 06 January 2018 at 09:39

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

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

    • dh says 06 January 2018 at 09:50

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

  2. Anne says 06 January 2018 at 09:48

    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.

  3. kgs says 06 January 2018 at 10:47

    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!!

  4. Mark says 07 January 2018 at 05:13

    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.

  5. Jennifer says 07 January 2018 at 09:06

    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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