Write a precis of the following paragraph. The best approach to students' cooperation is the organisation of thrift societies. The principle of thrift is as important from the cooperative as it is from the educational point of view. Thrift gives a basic foundation to character and it is easy to firm this habit in one's early life. In the process of formation of this habit the young student will have to exercise rigorous self discipline, which will not only have a great effect on his own spiritual life, but will react on his family and through the family on society as a whole.
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