“A penny saved is a penny gained.”  This proverb was first recorded in 1633 in George Herbert’s Outlandish Proverbs.  In more recent years the word gained has been changed to earned.  Every school child needed to learn this important lesson.

The year was 1949, and “Thousands of schools throughout the Nation promoted the SCHOOL SAVINGS PROGRAM to teach thrift and wise money management.” (From the back cover of the album.)   This savings programs was most likely an offshoot of the War Bond Program.  I recently found this little folder among some vintage postcards.

No, it wasn’t my album.  The album belonged to Felix.  I thought it so interesting, and it remaindered me of the bank savings programs we use to have.

I can relate to Felix.  He had good intentions, but…. he found it hard to save money.  Felix was only able to paste 7 ten cent stamps in the album.  If the album had been filled, it would have had 187 stamps which would have had a worth of $18.70.  Felix could have then taken the filled album to a bank or the post office, and with 5 more cents he could have purchased a Series E Savings Bond.  At maturity, the bond would have been worth $25.00.

I wondered if  the stamps were worth anything after all these years?  They are worth 70 cents.

Blessings to you and yours,