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Summer Session Kansan
Tuesday, July 23, 1963
Financial Hazard in Early Marriages
No one has been teaching the young American family one of the most important things it needs to know—how to budget its income.
The problem is being tackled this summer here at KU.
FORTY-THREE Kansas high school and junior high teachers are halfway through a 4-week seminar in Family Finance designed to help them teach students more about personal money management.
The teachers are in close agreement that a surprising number of their students don't know enough about money.
"A high percentage of our students are getting married soon after leaving school," said Ron Shaffer, a business education teacher at Linwood.
"We agree that these young couples need to know a lot more about the costs of starting a marriage and a family."
IF THEY CAN GET youngsters off to a good start in money management, the teachers say, the lessons may last a lifetime.
The seminar's instructors include bankers, lawyers, real estate men, insurance representatives, and members of the KU faculty. This is the first time the University has held the seminar.
The instructors are passing on budgeting hints they use in working with, and teaching about, financial matters.
Some of the main items:
- START A SAVINGS ACCOUNT. This may be hard to do, particularly for the young person entering college or starting marriage. But no matter how small it is, a regular deposit in a savings account is the first important step in orderly family budgeting. "Pay yourself first," is the motto the teachers will tell their students.
- INVEST IN YOURSELF. For young people, this is particularly important. Investments in higher education or technical training pay big dividends in both increased income and personal satisfaction.
- LEARN ABOUT CREDIT. Modern installment buying has helped raise the living standards of Americans, but every family should know the costs of borrowing money. Learn how to "shop for money" to get the best interest rates and most convenient terms of repayment.
- INVEST IN SECURITY. Insurance rates are lowest for the young. By investing wisely, the head of a new family can guarantee security through several types of wise insurance investments.
- KNOW THE EXPENSES OF GETTING MARRIED. Young couples often are shocked at the hidden costs of establishing a household. Should it be a big wedding, for instance, or would that money be spent better on home furnishings? Furnishing a home is one of the big first costs a couple has to face. Housing, either rented or purchased, will have to be arranged immediately. The seminar covers the advantages of both renting and buying.
"We need to impress our students that marriage is an economic partnership as well as a romantic one," said Mrs. Mildred Urban, a business education teacher at Meade.
From information gathered at the seminar, Max Grossnickle, business teacher at Windom, is preparing lesson plans stressing the need for personal and family budgeting. Working with him are Harvey Loy of Moundridge, and Bruce J. Myers of Washington, Kan. Other teachers are making similar lesson outlines.
LEARNING TO classify accounts, sorting out fixed household expenses from occasional or discretionary spending, is one of the first things homemakers have to learn, Grossnickle said.
Fourteen general areas of family money-planning are covered in the seminar sessions. They include everything from personal banking to smart consumer buying to real estate purchases.
KU is one of 19 universities in the nation operating the seminars under sponsorship of the National Committee for Education in Family Finance. The NCEFF is supported by the Institute of Life Insurance,
Director of the seminar is Prof. I. N. Bowman, assisted by Prof. Loda Newcomb and Dr. Cloy Hobson.
Eleven faculty members of the University of Kansas and one from Kansas State University along with family members will leave this week for a month of study and research with their faculty counterparts at the University of Costa Rica.
NOW SHOWING
GRANADA
TMEATRE ... Telephone VIKING 3-5788
THE LATEST southward movement will bring the KU "cultural penetration" into Costa Rica to a peak, with more than a hundred KU-related personnel in that Central American republic. Others there are students in the Junior-Year-Abroad and the Kansas-trained Peace Corps volunteers in a secondary education project.
Walt Disney presents SUMMER MAGIC starring Hayley Mills
The faculty exchange is financed by a recently enlarged grant from the Carnegie Corporation. Accompanying wives and children will travel at their own expense.
They will join seven KU teachers who are spending the entire summer at the Central American school.
SUNSET DRIVE IN THEATRE West on Highway 40
NOW SHOWING
Joan Crawford and Bette Davis in WHATEVER HAPPENED TO BABY JANE plus THE BAD SEA
Kansas Educators Head for Costa Rica, Raises Jayhawk Contingent to Near 100
First-year faculty participants are; R. J. Agan, agricultural education specialist from Kansas State; William P. Albrecht, dean of the Graduate School; Jack Brooking, associate professor of speech and drama; E. Gordon Ericksen, professor of sociology; Elliott Gillerman, associate professor of geology; Leland D. Miller, director of occupational therapy; Felix Moos, instructor in anthropology; Kenneth E. Rose, professor of metallurgical engineering; Miss Betty Sanders, assistant professor of physical therapy; T. Howard Walker, director of University Extension; Robert Cornish, assistant professor of education; and Carlyle H. Smith, professor of design.
There is no academic credit to be earned, but the KU personnel can be useful in the Costa Rica exchange only to the extent they gain facility in the language of their hosts.
professor of history; and Elden C. Tefft, professor of design. Each of the latter group spent a month in Costa Rica last summer.
ALREADY IN Costa Rica for three months are Robert C. Casad, associate professor of law; Harold C. Krogh, professor of business; Charles D. Michener, Watkins distinguished professor of entomology; Raymond O'Connor, associate
First-time participants in Costa Rica for the full summer are Robert E. Nunley, visiting associate professor of geography; and Stuart Levine, assistant professor of English. Francis H. Heller, associate dean of the College of Liberal Arts and Sciences, also is there for a portion of the Summer.
John P. Augelli, director of KU's Center of Latin American Studies, said the expanded Costa Rica programs this year "put it in the forefront of North American universities interacting with our Latin American neighbors."
Make it a
DATE, PARTY,
Or just come alone and Enjoy air-conditioned comfort At the Jay Bowl
---
Jay Bowl
- Bowling — 35c per line
- Billiards — 60c per hour
- Table Tennis — 20c per hour
8 a.m. - 11 p.m. — Weekdays
1 p.m. - 11 p.m. — Sundays
MIDWESTERN MUSIC & ART CAMP
presents
Romeo & Juliet
by William Shakespeare
THURS. & FRI.—JULY 25 & 26
8 p.m. Main Theater
TICKETS ARE NOW AVAILABLE Phone K.U. Ext.591 for reservations.
Get your tickets early to avoid missing this final show of the 1963 summer season.