�
THE CITIZE
ARCH 9 ·15,1986
11
oney Tal s:
Es ablish ing a
f ancial plan
By James Nathan
The first tep on the path to
financial ecurity is to have job
or regular source of income.
However, financial planning
experts have e timated that the
overwhelming majority of jobs
(90 per cent or more) can not, by
themselve , guarantee a person
financi I ecurity. In other
ords it do not make a dif
ference ho much you work
mo t job imply do not pay
enough to provide per on ith
financial peace of mind.
The re ult . that most
American find them elve not
more than one or 0 p ychec s
from financial di ster. And the
ituation or the vast majority of
u is the common practice of
"living p check to paycheck."
The tarting point for e cap
ing thi rut and putting greater
financial ecurity into your life
is to establish for your elf a
Financial Plan.
The immediat goal of that
plan is to put your elf in a situa
tion whereby in 12 to 18 months
you ould have created a "fall
back fund" equal to three mon
ths of your current pay. For
example, if your current mon
thly take-home pay is $2,000, a
properly constructed financial
plan ould have allowed you to
ve '6,000 ithout major sac
rifice ithin 12 to 18 months.
Some would call this an
"emergency fund." But it can
be u ed for any purpo e you
decide - a trip to the Caribbean
or a mink coat. Ho ever, the
re on it' frequently referred
to an emergency fund is that
it chief purpo e is to give you
the financial peace of mind of
kno ing that if you are ever
without a job or your regular
source of income is interrupted
you ill be able to meet your
regular expenses for at least
three months without a worry.
We have developed a 5-page
financial analy is form which we
think ill help most people
establish the type fall-bac or
emergency de cribed above.
The accompanying instructions
will en ble you to conduct a elf-
nalysis of your financial situa
tion. Based on that analy is you
hould be able to adopt a finan
cial plan that will allow you to
save three times your current
. monthly income within 12 to 18
months. The information is
free. Simply include $1.50 to
cover mailing costs.
Once an emergency fund has
been established, the next step
on the path to financial security
is to look into investigating or
starting a part- time bu iness.
Unless you are fortunate
enough to occupy one of the
relatively fe jobs that provide
financial ecurity, you will not
chieve financial security with
out either investing or starting a
busine of your 0 a
In next eek' column, e
ill look into these next steps
on the path to fmancial secu-
rity. •
Meanwhile, if you would like
to get tarted on the financial
plan send for our free financial
analysis form: Law- Tay Com
munications, P.O. Box 54041,
Washington, DC 20032. Please
include $1.50 to cover mailing
costs.
B ..
an
enior
ounces sc
C n er
edule
•
BENTON HARBOR - The
Senior Citizens Center will con
tinue to take appointment for
income tax and heat as istance
progr ms thoroughout the
month of rch,
Other ctiviti cheduled
for arch include: Free legal aid
on arch 12 from 9:00 until
12:00 noon.
Bo rd of Dir ctor ill meet
at 2:00 p.m. arch 19.
- B ic health creening
hich includ wei ht, blood
pres ure and urinalisi, ill be
offered from 9: 30 until 11: 30
m. arch 20.
-On March 21, from 1 :00
until 3:00 p.m. there will be a
r creational period provided,
with pool tables and other table
games available.
-Each Monday, exercise
clas e will be held from 10: 30
until 11:30 a.m. Such cl es
cater to the enior citizen but
are open to the public.
-Every Thursday, from 1:00
until 3:00 p.rn. edicare/ edi
caid counseling ervice is avai
lable.
-Surplu food commoditie
will be di tributed to pre-re
gistered and eligible persons on
arch 25, from 8:30 a.m. until
4:00 p.m.
Area enior citizens are in
vited to use the Center facilities
each day the Center i open,
from 8:30 a.m. until 4:00 p.m.
AUTHE
MUSLIM
BEA PIE
rc ���AIJ
)'-._ ;Y'trvu/? j
�:J? STYLING SALON
.� 451 W.LOVELL
K lamazoo, M I 49002
CALL OUR
. FRIENDLY
CLASSIFIED
.AD-.VISOR
TODAY!
HAIR WAVING'
HAl R REPLACE E T
All S rv e s P rformed
WHOLESALE OR RETAIL
For or Information C
384:-10
616/345-1527
AVERY
'&COMPANY
P.o. BOX 28'"
GRAND RAPIDS, MI (9581
I ('l')�-9227l
A Y C. ANDlliws
ACCOlMT EXECUTIVE
M&M
PRINTING, INC.
COMPLETE 'IINTING SEIVI<;E
632 Lak. Sir t
'chigan .49001
16) 3 .. 9-2 .. 60
ScICa Marulgement
&Assodates
216 N. Burdick Mall
SukClO'
IC,',mltoo" M' . n 49007
SEW BEST
1101 E. . 9OOAv.
Kalamazoo. Ml49001
1147 Memmoc St.
Ko�zoo.MI49009
AGENCY
24 Hr. SAME D, \'
Delivery-Courier S rvices
329 . Burdjc
Kalamazoo MI 49009
Karen Conner Hinton
'·L Our Hands H Ip Yours"
381-7772
Au 0 Computer Marketilll
ProIIllcl PromollOll • Pllblk AI/QJn
Sp«iIII EHlft MQnqemenl
721 CHRYSLERST.
KALAMAZOO. MaCH.
BarbatO Whltmor
Owner
Bus. (6�6) 372-1876
Res. (616),375·6132
Ho PhoDe
(616) 329-1090
OCficc Pbooc
(616) 3-44-4104
DONALD MAGElT
AGENCY 01 RECTOR
3505 Olney St.
KaJamazoo. MI 49007
Hollands
Federated Tax
Service
·'Th. Tax Payers Tax People·'
616·329·0470
1106 SHAVEI OAD
POtTAG!. MI "P002
(414) _.w.4
G Wright
(616)3454893
6076 Wood' •
K.'amazoo, MI
Phone:
(616)345-4222
EASTSIDE
GRQCERY
Triestram It
City Drug Inc.
201 Paterson
Kalamazoo, MI 49007
349·9526
*Hom Style Coo'<ing
*Southern Foods
*Hamburger & Fr" 5
c.lI ah d for fast r vic
HOURS: Mon-Thur - 7·10
Prj & Sat 24 Hrs.
Sunday 7-10
BEER*WINE'* GROCERIES
PACKAGE LIQUOR
MICHIGAN LOTTERY
1622 East Washington
Kalamazoo, I 49001
1727·29 E. Main St.
(PRESCR IPTIONS)
349-8646