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HomeMy WebLinkAboutThe Goderich Signal-Star, 1980-03-20, Page 46it Page 16 Abudget is essential... from page 15 saving profitable. Learning to save "found money" is also wor- thwhile for newlyweds trying to save a nest egg or anyone trying to save during these inflationary times. Make a pact (and stick to it!) to save bonuses, cash gifts, tax returns and the like. Include in this pool of funds the new spendable cash you regularly have when You finish paying for a car or other monthly. bill. Resist the temp- tation to expand on your spendable income -Here's where your budget helps ,by encouraging you to spend only within its limits and save the rest. ••If you have budgeted carefully to meet other needs, you can easily save this "found" money. Phase two of your financial plan should certainly begin as soon as your budget permits. This means acquiring life insurance for both spouses. (Hopefully you already have health insurance, usually in a group plan with your employer.) It's important to protect both husband and wife. Most families do not realize the financial contribution of a working...wife. or the high 'cost of replacing a wife's housekeeping - and child care responsibilities. Keep . in mind that the younger you are, the less insurance premiums will , cost. But, of course, don't buy more' than your. budget permits. Your insurance agent will be happy to help you choose a plan appropriate to your needs.. Along with your efforts to budget daily expenses and save a nest egg for the future, you may be encouraged to establish and = rise-.'•ter=wilt :.to�. help pu:rch°ase :fhe' go"ods` and services a young household"rieeds. Or you may already have credit in the form of an auto loan, department store or gas company credit card — underestimate the power of your credit. It can help you establish a financial identity. Everyone relies on credit for buying a house and car as well as to cover cash emergencies. With credit you can stretch payments on furniture or appliances 6r - even finance 'sudden, ex- pensive auto repairs. Used this way, credit can be a financial lifesaver. Credit is... also.. easily ___ abused. Charging $10 here, $35 there and $20 somewhere else is' not necessarily, extravagant, but when it becomes a habit combined with other credit expenses like monthly furniture and appliance payments, trouble is sure to follow. Mounting credit payments and their high finance costs can quickly destroy your financial plan. Whenever you use credit, keep in mind that you will have to pay for the goods or services purchased. A special note to brides of any age: if you already have credit, .keep.. it in your own name. If you don't have crediton. your own, establish some now. Protect your credit by using it wisely. Despite protective legislation many women fail to establish their financial identity. Then, as widoWs or divorcees • they pay a high financial and emotional price for this - oversight. , However, if you take the right steps now, ,you ;won't have to prove yur financial identity later. Most 'couples con- ,_s:e.rned.:.::: with, their.'.-'_ 'fimancrai future are eager' "GREAT FASHION CUTS" "SUPER NEW CURLY LOOKS" to invest in their own home and -or the stock market. Both of these ventures are real possibilities for young families who have saved an emergency -nest egg and budgeted for in- surance. Real estate is a real favorite now that hotAing prices are rising faster then other in- vestments. The stock market always holds appeal and potential for even timid investors. In either case, the prospective investor must do his homework and seek the advice of qualified professionals. And, of course,' both partners should un- derstand and agree on any financial venture. While budgeting daily expenses, saving for the future and making in- vestment plans, keep in mind that marriage is also a legal partnership. As such it offers benefits and protection for each spouse, but also sub% stantial responsibilities. Most of these focus on taxes and issues of joint or sole ownership of property such as real estate, stock or insurance policies. It's never too soon to think about protecting yourself from excessive income or inheritance taxes. And you can take several steps now to enhance your future position. IT WILL BE THE WEDDING OF YOUR DREAMS... LET US MAKE YOUR HOME THE HOME OF YOUR DREAMS... Hair.. Styling for... "Ladies and -Gentlemen" Call to -day for an appointor: nt HAIR AFFAIR 53 South St. 524-4279 Let all of us at Wiseway help you make your first house a home. Pictured • above, Brenda and Don, visit our flooring centre, where Chris Dann shows them ou'r selection of carpeting and resilient' flooring. In our flooring centre, we have over 20 rolls of carpet and over 40 rolls of , resilient flooring in stock at all times, by all the famous manufacturers - Bigelow, Celanese, Richmond, Constellation. Carpet priced•from 55.95 to 540.00 per square yard, resilient flooring from 56.95 square yard. Free estimates and ° guaranteed installations. We've now expanded and renovated our showrooms for better displays and' better selection. While you're in, see our many home decorator ideas. Lighting fixtures - over 100 light fixtures in stock. And our Kitchen Corner - featuring "First Lady". Kitchen cabinets by Belvedere. Redecorating? We have Glidden Paints; wallpapers, over 25 different-Panellings on display, and over 10 dif- ferent models of woodburning stoves. Also, fall the hardware and tools to get the job done properly. And much more. Come in to Wiseway - we can help make . your home the home of your dreams. SHOP THE STORE WITH MORE.— A40°' WI EWAY OPEN' Monday Friday t o. ,n E.P. rn • sararday Sara Sp, I E Y HOME & BUILDING CENTRE Frod J. Hudlo Llmliod GIVE YOURSELF CREDIT _ ormari BAYFIELb ROAD, CLINTON 482-3441 QUALITY PRODUCTS • FAIR- PRICES•RELIABLE SERVICE 1 i