@;

50-

SAVING BY CUTTING OUR HAIR»

1S. FINE; MOM BUT GEE —

STOCKS & MUTUAL FUNDS,
FOR Gilets /?

Wednesday, April 19, 1995 — North Shore News

DID | TELL YOU, YOUR

STOCKS HAVE SOARED
AND YouR MUTUALS
HAVE QOUBLED 2

“On a more technical note, Eric
set up a company when he did TV
production. Our accountant suggest-
ed | also become involved and now |
put my freelance income through the
company” (which pays tax of only
about 23% on its active business
income — compared with between
26 and more than 50% for most per-
sonal income). Now the Rosemans
are trying to figure out how to split

* income by paying the boys.

and sense

‘DO AS I say and (usually) as
i do. That way lies financial
success.”

So the experts tell. you. I asked
them, as they passed through town
(usually to promote their books),
about their own best and worst
moves, and key tips to help you
manage your money better.

Ellen Roseman’s comments

reflect both her background in con- .

_ sumer journalism and the title of her
~ book: Ellen Roseman’s Money
Guide for Modern Fainilies
(Doubleday, $16.95). :.

‘One of my best moves was

; learning how to cut the boys’ hair;

said Roseman, an editor and colum-
nist for the Globe and Mail’s Report

“on Business. “They aren’t particular-

ae

ly fashion conscious and I do it ata

convenient time — like when they

are playing video games. That saves
gas, parking and lime — our week-
ends are precious.” ;

. Roseman figures she’ 5 saved
"$1,500 so far. Ancther way the

 Rosemans (Ellen and husband Eric

are 47) save time and money is to
buy in bulk “which is also easier.”

Worst moves include a cost over-
run for a bar mitzvah last year for
son Charles, now 13.

“We spent $20,000, much more
than planned,” Roseman suid. “But
the guests liked it and the family
enjoyed an emotional high so we got
a non-financial return... and Charles
got $10,000 in cash gifts.
Rosemans drew up their wills only
Jast year: “We found it hard to make

‘decisions about executor and

guardian, and easy. to procrastinate.
Once the job was done, though, it

Bring In your old
computer fer
consignment -
No appointment
necessary.

‘Shop early:
for best
selection!

DID FT Tere.
YOUT HAVE
A BIRTHDAY
COMING: up 2!

THE FAMILY
{HAT PLAYS
TOGETHER
SAVES
TOGETHER!

wasn't so bad and we felt relieved.”
Tips:

* Draw up key documents like a will
and cohabitation agreement.

* Get children into investing by giv-
ing them gifts like stocks or mutual
funds rather than toys which don’t
hold their interest very long.

* Know vour employee benefits —

_ avoid overlapping if. both spouses

work outside the home and top up
coverage if you don't have enough.

Roseman tikes pet insurance, but
not seniors’ iife insurance “whose
benefits are cut back quite substan-
tially in the first couple of years to
as little as one and a half times the
premiums paid.”

Mike Grenby is a North Shore-
based coltunnist and independent
Jinancial adviser who works with
individuals; he will answer your
questions in this colunin as space
allows - write to him clo 2444
Haywood Avenue, West Vancotver,
B.C. V7V 1Y1-

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NOTICE TO MOTORISTS
SEA-TO-SKY HIGHWAY 99

PORTEAU BLUEFS SLOPE STA

LIZATION

TRAFFIC DELAYS

, . The Ministry of Trans, :ortation.and Highways advises that there will be 20
minute delays on the Sea to Sky Highway 99 at Porteau Bluffs, 25 km north of
Horseshoe Bay from April 18 to May 8. The delays are needed for slope

“Stabilization work and will be in effect as follows:

9:00 am - 12:00 noon

Monday - Thursday

9:00 am - 4:00 pm
Friday ~

_ Note: There will be no delays on Friday afternoons or weekends.

“The Ministry thanks motorists for their patience and cooperation.

Province of

British Columbia _

Ministry of Transportation

and Highways

Poeeocaael

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OUR 36TH YEAR
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THES
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FOOD
FOR
THOUGHT.

in celebration of Earth Day,
VanCity wishes to honour those who
grow our food...in our region.

Visit your local VanCity branch
"and view the display |
“Feeding our Communities.”

_ On Friday, April 21,
VanCity will be distributing
free seed packages
to our members.

VanCityEnviroFund -

It’s Your Turn To Plant A Seed