HomeMy WebLinkAboutThe Wingham Advance-Times, 1989-04-04, Page 3MANAGI
By Harry L. Mardon
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It`s not polite to ask yourfriends,
even very close ones, what they
spend on living costs. So, one way
to judge your spending perfor-
mance is to compare your costs to
averages compiled by a reliable
organization.
The Manitoba Department of
Agriculture's home economics
branch has just published its Fami-
ly Living Budget Guides 1989. It
reports what an average moderate
income family has to pay to main-
tain its physical and social well-
being.
The figures will serve as a useful
comparison. However, keep in
mind that if you live in another
province, you may have to contend
with cost factors which don't pre-
vail in Manitoba. For example,
housing costs in Toronto are astro-
nomically higher than in Winnipeg,
and food costs in the Yukon are far
higher than in Brandon.
Nonetheless, there is value in
knowing what an average Manito-
ba family spends, both in dollar
amounts and 'as a percentage of a
total family budget, on living essen-
tials.
As a result of their research, the
home economists have come up
with three sample household bud-
gets.
Sample No. 1 is a two -person
family. The man is a blue-collar
worker. The woman is also
employed. They have one car and
own their own home, which has a
mortgage on it. Here's'what Mr.
and Mrs. Average Manitoba spend:
Food - $221.48 per month, or,
$2,657.72 per year. Thai's 9.4.= per
cent of their total household bud-
get
Shelter - $1,172.93 monthly,
$14,075.24 a year, or 50 per cent of
total budget.
Home furnishings and equip-
ment ® $65/9 a month, $789.51 a
year, or 2.8 per cent of budget.
Household operation - $21.80
monthly, $261.62 annually, or 0.9
per cent of the budget.
Clothing - $144.67 a month,
$1,735.99 annually, 6.2 per cent of
the budget.
Health care - $$29.95 a month,
$359.40 a year, or 1.3 per cent of
CRIME
STOPPERS
1-$00-2d5-1777
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Crime Stoppers and the Ontario
Provincial Police are seeking your
assistance to help solve this break -
enter -and -theft.
Sometime around Oct. 28-29,
1988, thieves entered an attached
garage of a residence at Huron
Haven trailer park, north of
Goderich, through an unlocked
door and removed $981 worth of
ProlertY
Stolen items include:
—Heavy duty extension cord. (yel-
low).
��B1ue plastic case containing
one-quarter inch rechargeable drill.
—Two 13 -inch radial tires.
—One pair red Canadian Tire car
ramps.
—One 85 -piece ratchet set anetric-
irnperial.
If you have information about
this or any other serious crime, call
Crime Stoppers at 1-800-265-1777.
You will never have to testify in
court and you will never have to
reveal your identity If an arrest is
made, you will get a cash reward of
up to $1,000.
Remember, crime doesn't pay,
but,,crhge Stoppers does.
4.4, -
budget. 4!
budget.
Pei conal ` care, (including what
the home economists term
"medicine chest supplies") $50.67
per month, $608.08 per year, or 2.2
per cent of budget.
Recreation, including reading
material, gifts and contributions
$169.32 ..a month, $2031.78 a year,
or 72 per cent of budget. .
Communication - $23.41 a
month, $280.92 a year, or 0.8 per
cent of budget.
Transportation - $446.67 a
month, which works out to $5,360
per year, or 19 per cent of the total
budget.
The expenditures per month
amount to $2,346°69, or $28,160.26
per year.
Obviously, there are some major
items missing from this specimen
family budget. The home
economists are talking in terms of
net take-home income, not gross
pay.
At their workplace, the man and
woman are having all the usual
deductions such as income tax,
unemployment insurance, and so
on. And the economists said they
have not included in their summa-
ry such important things as life
insurance, disability insurance, and
a savings fund for contingencies.
However, professional financial
planners recommend that the first
essential of any personal money -
management plan is to "pay your-
self
ourself first". mitis to say; put aside a
given amount of money or percent-
age of your income each month in a
savings, investment program.
Only after you have first done
this, you then meet your l axg
expenses. You trim those to w iat
you can afford after having invest-
ed in your future financial security
Mr. Mardon is manager of coi
porate communications for
Investors Group Inc., the Win-
nipeg -based financial planning
services company.
Area resident
is JF director
Anne Alton of Wingham was
inducted as Huron County's
provincial director of the Junior
Farmers' Association of Ontario.
Ms. Alton was inducted during a
special candlelight ceremony at the
association's annual conference in
Toronto.
Delegates attending from Huron
County include: Stacey Bean,
Goderich; Lisa Rameloo, Blyth;
Robert Hunking, RR 1, Auburn;
Debbie Craig, Blyth; Mike Ryan, RR
3, Ailsa Craig.
t
Remember
the saying
'You don't have
anything if you
don't have
your health
It's true.
PJRTIIYPMmon
DO YOU
L
LY
W
ABOUT WHERE YOU LIVE
Can you answer these questions?
1.at
does
your municipal
clerk do?
2
13
When
do you need
a building permit?
How can you make
your views known
to your council?
4 w do
zoning Hoby-laws
y laws
affect you?
Who can vote
in local government
elections?
6 Who
is your
councillor?
Who is your 74
school board
member?
8 What does a
Committee of
Adjustment adjust?
Where does your 9
local government
get its money?
110 Whhappens if
yoaatdon'tpayyour
property taxei?
Find the correct answers, and much- more about the
community you live in, during
LOCAL GOVE .' NT WEEK
APRIL 10.15
It's the time to find out how your community works for you.
Ontario
Ministry of
Municipal
Affairs
John Eakins, Minister
In support of your Local Government Week Celebrations.
rift
s•e
e l�i�osa�
YY,, x�,.!! i t i� • e L f, �w-w+� ii�� e e i
$ i �► t tl 04#‘040.'', �►
CHECK BLOOD GROUP Ian Ward, a Madill high school stu-
dent, had his blood group checked with Pamela Starr of the Red
Cross at last week's blood donor clinic at the .school. Over 250 units
of blood were collected at the clinic.
•VISIBILITY ZERO
THURSDAY, APR. 6
8 P.M.
Channel 8 - Cable 9
•TIME TO
COME HOME
MONDAY, APR. 10
7 P.M.
Channel 8 - Cable 9
I