THE RPSTOVAL REVIEW
ISSUE #3 APRIL\MAY 1991 $1.50 U.S.
NOTES FROM THE PUBLISHER
Do what thou wilt shall be the whole of the Law.
Since the last issue the world has experienced causes for great
sorrow and great happiness; The War in The Gulf. It may
surprise those of you that knows us personally that The RPSTOVAL
review appears to have avoided the issue of the war. The reason
for this are quite simple: EVERYBODY has covered the war, most
have given us the typical government censored propaganda about
the "surgical bombing", and the atrocities committed by the other
side. As a result of this media brain-wash speaking against the
war is seen as a heresy committed by throw-backs from the 60's by
most of the television intoxicated populace. When we hear of an
Israeli building being destroyed by a S.C.U.D. missile the media
tried to outrage us into fanatical patriotism, while they said
nothing of the innocent women and children who were being killed
by the coalition in Iraq. I got the impression that "it's O.K.
to kill Arabs", and in our schools the teachers had to deal with
the tears shed by the little innocent children who could not
grasp a situation so severe that required ending another humans
life. And they call this "The Aeon of The Child"?!?!
The most humane form of warfare is assassination; sounds
shocking? does this statement make me any less of a peace loving
human being because I believe the individual should be held
responsible for his crimes and actions instead of everyone who
lives in the country with him? It's not like our government in
their infinite wisdom didn't think about assassination; but
perhaps IT felt that it would be "advantageous" to make a big
deal of it instead.
The reason I have said so very little about the war is because I
personally am disgusted by the censorship, the propaganda, and
the way the people have believed EVERYTHING we have been told
about it. I am disgusted by the way the populace has justified
killing for oil, strategic placement, and political favoritism.
I realize that an argument could be made about the Thelemic
interpretation of the war according to The Book of The Law; but I
will not impose my assessment of our Holiest of Holies on anyone.
This MUST be left to the student to discover for themselves. One
must be free to search for the Truth on their own, but to NOT
search for Truth is not only a crime against one's self, but also
to those who come after them.
Love is the law, love under will.
BELIEVE IT OR NOT!
The following information was retrieved from an article in The
Daily News called "Feel-good potential bars alternatives to oil,
paper", written by David Norris. Did you know that before the
20th century, 80 percent of all textiles and fabrics were made
from Hemp? Hence; the name "Canvas" comes from the word
Nowadays, we have to use more than half the world's pesticides
so we can grow cotton instead. In 1916 the Department of
Agriculture contrived a way to make paper from the pulpy part of
the Marijuana plant. 70 percent of the world's paper supply was
made from Hemp until 1883. It is estimated that an acre of Hemp
could yield four times as much pulp as an acre of trees.
Making paper from hemp would reduce the amount of chemicals
needed in the paper manufacturing process by 85 percent. The
magazine "Popular Science" anticipated a billion dollar Hemp
market, but in 1937 Marijuana was criminalized. Almost one half
of the trees in the world have been cut down since then to make
In August of 1989 e.v. businessman John Birrenbach
requested a license to harvest wild Hemp. While Minnesota law
allows such cultivation for commercial application, the
Department of Agriculture denied his request adding that in
intends "to ask for repeal of this section of law because we do
not feel it is either necessary or in the best interest of
agriculture". Despite of the fact that Marijuana would provide a
new economy by allowing the American farmer to reap the benefits
of harvesting the Hemp, or that trees are quickly becoming
endangered species, or that the toxic material used in the cotton
and paper industries are making our water undrinkable, the same
politicians who used the same techniques to turn the American
people against marijuana as Hitler applied to turn the German
against the Jew will not allow the decriminalization of Marijuana
simply because it has the potential of making us feel good.
CHURCH AND STATE
Do what thou wilt shall be the whole of the Law.
Should government allow congress to make decisions based upon any
religious moral structure even if the outcome defies the basic
freedoms guaranteed to us by the Constitution, the laws of reason
and common sense? Can the state impose those decisions upon ALL
of its citizens if ONE of those human beings does not embrace or
endorse the ethical code upon which the decision was made? Those
are the questions running through the minds of at least SOME of
the women and men in Utah this moment.
Ninety percent of Utah's Senate is made up Mormons, while the
Mormon population in the state is seventy percent. For this
reason the anti-abortion bill passed overwhelmingly (23 to 5 in
admiration of the bill). Utah's Governor Norm Bangerter said
that he would sign the bill tout de suite. The bill allows women
to have abortions only when there is mortal danger to the mother,
and when there is a severe deformality in the fetus. The bill
also permits fetal termination when there has been a rape, or in
cases of incest AS LONG AS IT IS REPORTED TO THE AUTHORITIES.
Perhaps our prayers can change this apparent stumbling block into
a blessing. Since women will have no other choice than to report
sexual crimes such as rape and incest, possibly our judicial
system will be forced to change their attitude towards rape
victims. Maybe rape victims will finally get the treatment they
deserve, instead of being treated as the reason for the crime.
What do you think?
Love is the law, love under will.
Under normal circumstances Nature regenerates the Earth using the
cycles of the seasons. Plants and trees get their sustenance
from minerals and nutrients within the soil, and they return what
they use by shedding their leaves. When the leaves rot they
release nutrients which are absorbed back into the soil for
future use. It is a glorious cycle; the things humans could
learn from Nature!
People in the cities like to have "pretty" gardens and lawns
which look like golf courses, and for that reason the plant
waste is collected before it has a chance to decompose. It is
raked up and put into plastic bags to further choke up our
landfills. As the years go by the plants people grow take
nourishment from the soil but are not allowed to give anything
back, soon the soil has become worthless, incapable of
sustaining plant life. Now the grower must rely on commercial
fertilizers and chemicals to keep the garden alive.
I'm not suggesting people let their gardens go; there is a way
you can have your cake and eat it too. The way that we can
help return life to the soil is by composting. When you say
"compost" people automatically envision a huge, smelly, piece
of crap in the middle of the yard. This is not so.
Composting takes place when bacteria in leaves, grass, and
kitchen waste begin to eat the organic matter. There are
several methods which will be covered in the next few issues,
find the one that fits your lifestyle.
If you live in a house with a yard the process is very simple:
1) Start a pile of leaves, grass, and kitchen waste on level,
well drained ground. Try to locate it in a secluded, sunny area.
Since the pile must be 3 feet square, you may want to build a
wooden box of those dimensions with a lid.
2) Feed it regularly. Do not put meats or fats into your
compost bin because it will smell bad, and it might attract
animals. A properly functioning compost bin will smell like the
earth after a spring rain.
3) Turn it frequently, about every 3 days in the summer and
every 10 in the winter. All the composted material can be
collected from the bottom of the bin. Be sure to keep it moist,
but not wet.
I have designed my own compost bin from wood. Send me a S.A.S.E.
and I will send you a schematic and materials list.
SEE NO EVIL, HEAR NO EVIL, SPEAK NO EVIL
We are not the only "free" country who is subjected to
censorship. On January 22nd, 1991 e.v., the Los Angeles Times
reported that the BBC had requested that its 37 regional radio
stations refrain from playing songs from a list of 67
"questionable" hits during the Gulf Crisis. Hits like Lennon's
"IMAGINE" and "GIVE PEACE A CHANCE. Also on their hit list were
all time greats such as Roberta Flack's "KILLING ME SOFTLY" and
Phil Collins "IN THE AIR TONITE".
One radio station supervisor indicated that playing a song
like IMAGINE after an air raid in Iraq would be as tacky as
playing Louis Jordan's "Choo Choo Ch' Boggie". Vietnam was
the most publicized war in history, the masses saw the images
of war on their television sets daily. This brought about
the marches and protests which ended the infamous war. Vice
President Qualye has shamed the news-media for giving the
anti-war demonstrators equal time, now we all we get is the
usual pro-American propaganda that tells us no innocent
civilians are being hurt by our constant bombing, and video
images of direct hits which are taken from such a distance that
we couldn't verify if civilians WERE involved.
All information must be cleared by U.S. Department of Defense
before it can air: CENSORSHIP. In the 60's people learned that
united they could stop the world, while the government learned
that in order to maintain support from its citizens in a war
effort they could not bring the horrible images of war to their
homes. We suffer from Historical Amnesia. While America
liberates Kuwait who is liberating America?
by Soror Alice
an Argentine dish
This is a great example of Argentine cuisine. It is a
sweet/spicy entree. This recipe will yield about six servings.
It is a main course.
2 deep dish pie crust shells (12 oz.)
1 pound ground beef (lean)
1 medium potato diced into 1/2" cubes
1 medium carrot diced into 1/2" cubes
1 medium white onion chopped
1 bunch of green onions chopped
2 hard boiled eggs
1/8 cup of raisins
2 heaping tbls of vegetable shortening
1 tsp each of salt, pepper, cumin, and sugar
about 10 olives
a pinch of crushed red pepper
The filling: Heat the shortening in a deep pot. Slowly add meat
and stir with a wooden spoon. When the meat is browned slowly
add the white onion until transparent and add the diced potato
and carrot stirring to make sure the mixture does not stick to
the pot. Add salt, pepper, and red peppers. (Easy with the red
pepper!) If mixture should appear dry add water and stir in.
When the potato and carrot are almost cooked add the green onions
and the cumin and cook till potato and carrot are soft. Allow to
cool in the refrigerator. Once the filling has cooled put it
into one pie crust: sprinkle the filling with the olives and the
hard boiled egg. Cover it with the other pie crust by pinching
it together; you might have to wet the top pie crust to make it
pliable. Cut three or four slices on top of the pie to allow the
vapor to escape and bake at 400 degrees until crust is golden
We received this in the mail from a Frater Hey-How-Are-Ya. He
wrote that although he did not know the author of this hilarious
piece, he felt that it was perfect material for the Rpstoval
Review...We agreed. If anybody out there knows where this
originated, please drop us a line so that we can be sure to
credit the author.
ARIES (Mar. 21 - Apr.20)
You are the pioneer type and hold most people in contempt. You
are quick-tempered, impatient, and scornful of advice. You are
not very nice.
TAURUS (Apr.21 - May 21)
You are practical and persistent. You have a dogged
determination and work like hell. Most people think you are
stubborn and bull-headed. You are probably a communist.
GEMINI (May 22 - June 21)
You are a quick and intelligent thinker. People like you because
you are bisexual. You are inclined to expect too much for too
little. This means you are cheap and are known for committing
CANCER (June 22 - July 23)
You are sympathetic and understanding to other people's problems.
They think you are a sucker. You are always putting things off.
That's why you'll never make anything of yourself. Most welfare
recipients are Cancer people.
LEO (July 24 - Aug. 23)
You consider yourself a born leader. Others think you are pushy.
Most Leo people are bullies. You are vain and dislike honest
criticism. Your arrogance is disgusting. Leo people are known
VIRGO (Aug. 24 - Sept. 23)
You are the logical type and hate disorder. This nit-picking is
sickening to your friends. You are cold and unemotional and
sometimes fall asleep while making love. Virgo people make good
LIBRA (Sept. 24 - Oct. 23)
You are the artistic type and have a difficult time with reality.
If you are a man, you are probably queer. Chances for employment
and monetary gains are excellent. Most Libra women are
prostitutes. All Libras die of venereal disease.
SCORPIO (Oct. 24 - Nov. 22)
You are shrewd in business and cannot be trusted. You shall
achieve the pinnacle of success because of your total lack of
ethics. Most Scorpio people are murdered.
SAGITARIUS (Nov. 23 - Dec. 20)
You are optimistic and enthusiastic. You have a reckless
tendency to rely on luck since your total lack of talent. The
majority of Sagittarians are drunks or dope fiends. Other people
laugh at you a great deal.
CAPRICORN (Dec. 21 - Jan. 20)
You are conservative and afraid of taking risks. You don't do
much of anything and are lazy. There has never been a Capricorn
of any importance. Capricorns should avoid standing still too
long as they tend to take root and become trees.
AQUARIUS (Jan. 21 - Feb. 19)
You have an inventive mind and are inclined to be progressive.
On the other hand, you are inclined to be careless and
impractical causing you to make the same mistakes over and over
again. People think you are stupid.
PISCES (Feb. 20 - Mar. 20)
You have a vivid imagination and often think you are being
followed by the FBI or CIA. You have minor influence over your
associates and people resent you for your flaunting of power.
You lack confidence and are generally a coward. Pisces people do
terrible things to small animals.
LITTLE NAPOLEON AWARD
When Iraq occupied Kuwait I promised myself that The RPSTOVAL
would not comment upon it, since you couldn't turn the channel on
your television set without seeing News anchormen/women trying
to boost their ratings by repeating the same news over and over
again. Saddam did something which changed my mind.
There has been heated debates as to whether or not America
should intervene in the first place. With rising unemployment, a
failing economy, a hopeless medical care system, the homeless,
and an A.I.D.S. cure no-where to be found, some Americans
couldn't justify the $1,000,000,000 per day it is costing us
to be there. (Wouldn't it have been cheaper to spend the money
developing an alternative fuel?)
No parent wants to sacrifice their young for the oil
companies (since most of them took advantage of the crisis in
order to raise their prices, despite of the fact their oil did
not come from Kuwait), nor did anyone want to fight a war so that
Europe and Japan could enjoy cheaper oil prices. All valid
arguments. By letting the automotive and oil companies talk us
out of seeking, cleaner, environmentally sound fuel alternatives
we have allowed ourselves to be taken hostage...again.
Saddam Hussein declared war on the WORLD the day he blew up
the oil refineries and released their oil into the Gulf. The
burning oil will spew cancer causing smoke throughout the world,
potentially darkening the skies, lowering temperatures, and
changing weather patterns; while ocean life chokes on a
commodity humans would rather sacrifice their children for
than give up. "Black Rain" could become a household word. By
creating an environmental disaster, not only has he declared
war on today's generations, but on the next generations to
come. He has made it so that my children may one day ask:
"Daddy; why is the sky black?"
Golden Dawn Enochian Magic
Well, I always figured that if someone attempted to cram all of
the information pertaining to Golden Dawn Enochian Magick in one
book it would be the biggest piece of New Age crap on the
bookstore shelves. And it might have been, if anyone else would
have done it.
Unlike previous authors who have attempted the same task, Pat
Zalewski explains the material from a practical point of
view, and clarifies in great detail the mechanics involved
without the superstitious reterec which seems to follow this
doctrine. Practically written, GOLDEN DAWN ENOCHIAN MAGICK is
a thorough and scholarly look into a much talked about, but
little understood subject.
There is something in this book for everybody; the historian
types will enjoy it for its in-depth historical data. The
curious types will be pleased by the way it thoroughly explains
the methods of use. The experience Magician will savor the text
as an "enochian encyclopedia" to be used as a reference for many
In short, anyone interested in Magick will see this book as one
of the most valuable, informative texts available on the
market today. If you want to understand the Enochian system;
Reviewed by Secundus Kerub
"THE COMPLETE BOOK OF ASTROLOGICAL GEOMANCY"
by Priscilla Schewi and Ralph Pestka, (Llewellyn, 1990).
As my experience has taught me books containing in their title
the word "complete" generally fail or fall short considerably.
Upon reading, it proved itself worthy of it's title even if it
did presuppose the reader would have prior knowledge and/or
experience in either Geomancy or perhaps some form of Astrology.
The complexity of this book seemed to dissolve quickly mainly due
to the authors' use of multiple examples illustrating in detail
the points being covered. This was helpful in addition to the
step by step approach instituted to enable the reader to grasp
more fully the subject material.
In trying the system out I noticed the it was not so narrow as to
disallow a fuller response to questions, in that I often found
Myself receiving answers to follow up questions while arriving at
the direct responses sought out initially. In other words while
searching for an answer to my original question I discovered
additional questions presented along with their responses
supplied as well.
(Almost the feeling of being a Guest Host on Jeopardy. Where the
answers are all there waiting for the questions.)
This is not what I would term a beginner's book but well worth
the acquisition now for future use. Presumably during a time when
the reader has some experience with Astrology or other types of
predictive systems under their belts.
Reviewed by Frater Hagios
The following are quotes from the "anti-choice" leaders. We have
placed these here in hope that by exposing the way they think and
what they stand for, you the reader, might be persuaded to donate
some of the much needed money that Planned Parenthood needs to
put an end to these tyrants. The donations are tax deductible,
and should be made to:
810 Seventh Avenue
New York, NY 10019
"For those who say I can't impose my morality on others, I say
just watch me."
"I don't think Christians should use birth control. You
consummate your marriage as often as you like and if you have
babies, you have babies."
"We are totally opposed to abortion under any circumstances. We
are also opposed to abortifacient drugs and chemicals like the
Pill and the IUD, and we are also opposed to all forms of birth
control with the exception of natural family planning."
American Life League
"Sex education in our public schools are promoting incest."
Rev. Jimmy Swaggart
"For instance, several years ago we tracked down a twelve year
old girl who was going to have an abortion, so that we could talk
her out of it. Talking a woman out of having an abortion is not
news. But tracking her down by using a private detective is."
Pro-Life Action League
I don't think we should punish the criminal [a rapist] by killing
Dr. John Willke
National Right to Life Committee
"It's very healthy for a young girl to be deterred from
promiscuity by fear of contacting a painful, incurable disease,
or cervical cancer, or sterility, or the likelihood of giving
birth to a dead, blind, or brain damaged baby (even ten years
later when she may be happily married)."
"Meanwhile, let it be clear what we do: we fight contraception-
sterilization-abortion on six continents..."
Fr. Paul Marx
Human Life International
"Resist, expose, or stop immediately every public school or group
sex education program, no matter what it is called, or how it is
diffused into the curriculum."
Fr. Paul Marx
Human Life International
The RPSTOVAL Review does not condone the use of abortion as a
form of birth control. However, we recognize that the choice
must be left up to the individual, and that no laws should be
made based upon religious creeds or moral standards which defy
the laws of reason or interfere with the Will of the individual.
THE NIGHT BEFORE SOLSTICE
by RB Phantom
'Twas the night before Solstice, when all through the house
Not a creature was stirring, not even a Faust;
The Book of The Law was Set by the chimney with care;
In hopes The Child Horus soon would be there;
The Initiates were nestled all snug in their beds,
While visions of Adepts danced in their heads;
And Nuit with her 'kerchief, and Hadit in his cap,
Had just settled down from a long Pisces nap,
When out of the lawn there arose such a clatter,
I sprang from my Yoga to see what was the matter.
When, what to my wondering eyes did appear,
But a miniature sleigh, and eight tiny Aethyrs.
With a little young driver, so lively and quick,
I knew it must be Ra-Hoor-Khuit; doing a trick.
"Now Raphael! Gabriel! Michael, and Auriel!
On Air! On Water! on Fire & Earth!
To the top of the Void! To the top of the Veil!
Now dash away! dash away! dash away sail!"
And then, in a twinkling, I heard on the roof
The prancing and pawing of each little hoof.
As I drew in my head, and was turning around,
Down the chimney PAN came with a bound,
He was dressed all in fur from his torso to his foot,
And the rest of him was sky-clad with ashes and soot;
A bundle of talisman he had flung on his back,
And he looked like a peddler just opening his sack.
A wink of his eye and a twist of his head
Soon gave me to know I had nothing to dread.
He spoke not a word, but went straight to his work,
He laid out his Rituals; the turned with a jerk,
And laying his finger aside of his nose,
And giving a nod, up the chimney he rose.
He sprang to his sleigh, to his team gave a whistle,
And away they all flew through the Veil; like a missile.
But I heard him exclaim as he drove out of sight,
"The LAW is for ALL, and to all a Goodnight."
PROGRESS IS A TWO EDGED SWORD
By Secundus Kerub
Do what thou wilt shall be the whole of the Law.
To the American corporation, progress has come to mean making
money as quickly as possible with very little expense, and still
give people the idea that it is looking out for their better
interest. A perfect example is the manufacturers of aerosols who
have jumped on the environmental bandwagon and advertise ozone
friendly sprays, despite of the fact that the CFC's were outlawed
many years ago.
As a result of this mentality we now see organizations such
as the AMERICAN RED CROSS, who's main function is to take
care of people, conclude that it is more cost effective to pay
the lawsuits to hundreds of people who have contracted the
A.I.D.S. virus from blood transfusions than to test the blood
as it is collected.
Silicon Valley and the computer is another perfect example of
"progress". We entered the technological era with the
promises of major electronic corporations that so many "new"
jobs would be opened that there wouldn't be enough people to
Bush's grin almost breaks his face as he proudly announces
that the unemployment rate of this country is under 6.5
percent. What he doesn't tell us is that the methods in use to
determine the unemployment rate are no longer accurate
indicators for the economic condition of the country for two
reasons: 1) It does not count the homeless and 2) because
there are 6 million Americans who work part time for part time
pay who are only a few bucks from becoming homeless. Why
so many? Because huge corporations are getting fat by using
machines to do the work people used to do.
Employing machines is much more cost efficient because they work
faster, they don't complain about pay or working conditions, and
don't require medical insurance or other benefits. Machines have
become so common place in our society that their maintenance is
pennies. Many of the companies that DO use humans simply take
their manufacturing plants to other countries, where the human
labor is as cheap as human life, where workers are afraid to
demand health insurance or better working conditions. If we get
off our butts we can maybe do something here, in America, but we
will not be able to do anything in other countries.
In the mean time, the education which is required to insure
our childrens'job security in this quickly changing world of
technology is not being met by our educational system. You may
be thinking that because you are a computer programmer or
technician you are immune to the economical burdens everybody
else is living with, but you are wrong. In a world of
computers information has no endurance because it is
constantly being replaced by upgraded information; it is
only a matter of time until you too are replaced and
wondering how you are going to feed your family.
The planet is being reduced to garbage by corporate greed while
most people shrug their shoulders and say it's evolution. The
air we breathe is being poisoned by the oil companies, and yet it
is justified with every gallon of gasoline we purchase. Is the
destruction of our natural resources really the price to pay for
"progress"? or is the word nothing more than a cloak conveniently
used to disguise the hideous monsters we have become.
Love is the law, love under will.
THE THELEMIC CONSUMER
1001 THINGS YOU CAN DO TO BEAT THE SYSTEM
by Frater SLQ
It is evident that the American government acts not for the
benefit of the individual, but mainly in service of commercial
interests. In this column we will expose some of the popular
myths upon which subservience to corporate abuse is based, and
provide tips on what you can do to protect yourself and your
hard-earned money from corruption and greed.
Whoever thought of banking sure came up with a good idea. Think
about it: "Give us your money, so we can invest it and make a
fortune off of it, then charge you lots of service fees as well".
Banking is a universal industry -- everyone puts in their money
for the banks' profit, and pays for it too!
The best option would be to keep and manage your money by
yourself, but today's society is constructed in such a way that
it would be very difficult to get along without a bank account.
You could cash your checks at a check-cashing service, but they
charge for each transaction. Keeping your cash at home is
somewhat risky, although with a little care it can be done
securely. But to pay your bills you would either have to mail
cash (definitely risky) or get a money order every time you
wanted to mail a payment. This option is also costly, not to
Assuming, then, that you are stuck with a bank for a while, here
is a little bit of advice. Shop around--different banks charge
different fees for the same services. Never select an account
which charges for ATM usage or per-check fees. These days, the
interest checking account is becoming scarce, but compared to
monthly service charges, the few cents interest you earn won't
make much difference. The most important goal is to minimize
your service charges--take the account with the lowest service
charge, regardless of the other benefits. An interest-earning
account is only worth an extra $5 a month if you have enough
money to make more than $5 a month in interest alone! In spite
of this, many people pay extra for interest. The banks are well
aware of this snow-job, and rake in the bucks because of it. We
all know that the system is set up to benefit only the wealthy.
Here's a tip which will give you two valuable services FREE in
addition to your checking account, services for which banks
normally charge you through the nose. They are: 1) overdraft
protection, and 2) a linked savings account. Overdraft
protection is essential these days, because banks will hold
deposits without telling you, then turn around and stop checks
coming in the same day. Not only do they get to charge you, but
the person or business to whom you wrote the check gets pissed
off, since their bank charges them for the returned check as
well. This has happened to me many times, and usually ends up
costing about $50 extra all around.
Normally, overdraft protection works like this: you pay a
monthly or annual fee for the service. Then, if you bounce a
check, they pay it, but charge you a fee and take it out of your
overdraft credit line, which you then pay back with interest. So
they are making money three ways! Recently, some banks have
been offering a linked saving account. This is a separate
account, upon which you pay service charges, but which serves a a
backup in case you bounce a check. There is a monthly fee for
this linkage, as well as a fee when you bounce a check and they
take it out of your savings account. Again, they charge you
Here's a simple method which will allow you to benefit from both
services absolutely free. First, decide on a set amount which
you can deduct from your income on a regular basis. If you
really examine your expenses, you will find that you can easily
sacrifice a few bucks each month. A good figure is 10% of your
net check each pay period.
Then, immediately after depositing your paycheck and crediting it
in your checkbook, subtract your reserve amount. Keep a running
total of these deductions, either in a separate register or on
the same line of your checkbook. For example:
Date Description Withdrawal Deposit Balance
2/5 paycheck deposit +500.00 650.00
2/5 savings = $250 -50.00 600.00
In this example, we have already saved $200, and we added $50 to
this amount from our current paycheck, totaling $250 in savings
so far. Your checking balance is really $250 more than shows up
in your checkbook (a total of $850 in this example). That $250
is saving without having to pay for a savings account, and it
provides free overdraft protection in the event of a mistake or
emergency. And as an added benefit, if you earn interest on your
account it will increase as your savings increase. (Another
option is to add this interest back into your savings instead of
your checking for even more growth.)
A word of caution: this method requires discipline. You must be
firm in subtracting your deduction from each paycheck. And you
must treat the balance shown just as if it was your real balance.
Resist the temptation to say: "well, I actually have $250 more,
so I'll just dip into that for tonight." Avoid negative balances
as much as possible. ANd remember, when you balance your banking
statement, subtract out the savings balance at the end and
compare it with your checkbook balance. Regular record-keeping
is essential to successfully beating the system!
If you continue to do this automatically each month, one day you
will be amazed to find that you have amassed a small fortune in
savings, and you'll never bounce a check again! I have been
using this method myself for several months with excellent
results, when I had always failed to save money before. And you
may be surprised to find that you are getting along just as well
as you were before you deducted that small amount from your
income, especially after getting used to it during the first
couple of months.
One final tip: banks are huge bureaucracies with idiosyncrasies
all their own. A long time ago I opened a student account which
promised "no monthly service charges" if my university paycheck
was deposited directly. Well, it took me four months of fighting
with the bank before they finally removed the service charges
that they weren't supposed to be charging me. Since then I've
graduated and stopped direct deposit, but I haven't had a single
service charge on my account yet. Take advantage of the
loopholes whenever you can.
Just remember, however, that they can change the rules whenever
they want (for example, my interest rate has been declining
steadily during the past few years).
Clason, George S., The Richest Man in Babylon (New York: Signet,
1988). This is the classic guide to saving and investing your