� 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'