To assist school children and others in opening savings accounts, the United States government issues a Postal Savings Card arranged as shown above.

An account can be opened with the government when the card is filled with stamps.

The purchase price of the card, 10 cents, and the cost of the 9 ten-cent stamps makes a total of $1.00 required to open an account in the postal savings bank.

Exercise 1

Solve as many of these problems orally as possible:

1. In Betty's room at school, after the advantages had been explained by the teacher, fourteen of the children purchased cards to open Postal Savings Accounts. Betty had previously saved 60 cents and her mother gave her 20 cents more. How many dimes did she need to complete her first dollar card?

2. A person joining the class which pays $1.00 a week should receive a check for how much at the end of the fifty weeks?

3. Betty's brother Glenn sold, at 65 cents each, four chickens which he had raised, and with the proceeds opened a Postal Savings Account. How much was his first deposit?

4. Glenn saved 70 cents from his earnings during that same week, which he deposited. How much had he then in the Postal Savings Bank?

5. Betty's cousin Robert had 50 cents and her cousin Myrtle had 40 cents which they invested in their first cards. How much additional did each need to open an account?

6. What was the total amount these four children had to their credit in Postal Savings at the end of their first week?

7. What was the average amount saved by each of the four children during this one week?

8. How much would the savings amount to for fourteen children at that rate?

9. If all of the 37 children in Betty's room had opened a savings account with an average of $1.10, how much would have been the total amount?

10. Frank earned 10 cents doing an errand, he found 10 cents in an old pocket, and his aunt and uncle each gave him 20 cents to help in paying for a Postal Savings Card like the one on the preceding page. How much did he still need to open a savings account with the government?

11. Frank saved 20 cents the following week. With that how many stamps did he still need to open his account?

12. Frank saved 30 cents during the third week. After completing his first card, how much had he then, with which to start another $1.00 card?

13. If each of these 37 children were able to make an average saving of 5 cents per week for 42 weeks of the year, how much would each have to his credit at the end of the year?

14. How much would the total amount be for all of the 37 children for the 42 weeks?

15. If the amount saved by each of the 37 children averaged 10 cents for each of the 42 weeks, how much would the total credit be?

16. Madeline put $10.95 in her Postal Savings Account during the first year. How many cents per day did she save on the average each day to equal that amount in the 365 days?

Christmas Savings Clubs

The Christmas Savings Club is an easy way of saving money which, in many places, has become popular among boys and girls as well as older people. Perhaps you have been a member of such a club. The plans are much the same in all banks. In some, the club is formed the

middle of December. Each person who joins puts into the bank a certain amount each week for fifty weeks. Then, two weeks before Christmas he receives a check for all he has paid in.

Exercise 2

Try to get folders at local banks describing plans for Christmas and other savings clubs.

1. Mildred paid $0.25 a week for 50 weeks. How much did she receive two weeks before Christmas?

2. Her brother, two years older, saved $0.50 a week for the same length of time. How much did he receive from the Savings Club?

3. Richard paid 1 cent the first week, 2 cents the second week, 3 cents the third, and so on, increasing 1 cent a week for 50 weeks. Figure what he put in each week and find how much he saved altogether.

Put into 5 or more columns for adding instead of 1 column 50 numbers long.

4. In order to save time, Richard made his deposits once every five weeks in advance. Figure what he paid each time.

5. A boy who joins the class, paying 2 cents the first week, 4 cents the second, and increasing 2 cents each week for fifty weeks, receives how many times as much as Richard does? What is this amount?

6. Another class provides that the members pay 5 cents the first week, 10 cents the second, and increase 5 cents each week. Figure what must be paid each week, and find the total amount paid in.

7. In one class the members start with $2.50 the first week, $2.45 the second week, decreasing 5 cents each week. Find what members of this class receive at the end of the fifty weeks.

8. Lucy saved 1 cent each day to add to her savings account. How much did she save during the year?

9. Frank's father gave him $10 for his tenth birthday and increased his gift $1 each year afterwards. How much had Frank received when he was 21 years old?

10. How much is saved in a year of 50 weeks in a Christmas Club at 25 cents a week?

11. Helen joined a Christmas club which paid 10 cents à week for 50 weeks. She saved $7.65 in addition to her club account. How much did she save during the year?

School-Home Projects

Not only is it necessary to know some of the best plans for saving money, but it is equally important to know how to earn money. In a certain county ninetenths of the schools have organized "School-Home

Projects" for the purpose of earning and saving money.

Among the various projects in which the pupils are engaged are poultry raising, gardening, sewing, cooking and canning. The following problems are taken from the accounts which the pupils kept of their receipts and expenses.

Exercise 3

1. Albert received $110.86 from his poultry. The feed and other expenses amounted to $27.24. What were his net profits?

2. Elizabeth cultivated 1 acre of corn. Her receipts amounted to $45.35 and her net profits to $34.35. Find her

expenses.

3. Elizabeth sold her corn for $.85 per bushel. How many bushels did she raise?

4. Mabel cleared $12.10 on the vegetables which she raised on a garden plot of 5 square rods. What was her profit per square rod?

5. Elsie received $5.29 from a garden plot of 5 square rods of beets and onions. Her expenses were $1.75. What were her net profits?

In schools where "School-Home Projects" are not carried on, teachers should encourage pupils to keep accounts of home enterprises and make problems from them.