�
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
