The Beggar's Purse: A Fairy Tale of Familiar Finance

"The Beggar's Purse: A Fairy Tale of Familiar Finance" by Samuel Hopkins Adams conveys a blend of fiction and financial insight, offering an early 20th-century perspective on the importance of being careful with your money, especially during times of crisis like World War I. The story centers around E. Van Tenner, a content bachelor whose life takes a turn when he meets a peculiar beggar who gifts him a magical purse designed to encourage saving. During a visit to New York City, Van Tenner is constantly faced with choices that test his spending habits, guided by the purse's condition that he can only spend on necessities. Through comedic situations, like opting out of taxis and resisting the urge to tip, Van Tenner begins to understand the significance of frugal habits. The story highlights how valuing money and carefully thinking about spending can lead to greater contentment and a healthier financial state.