THERE'S NO doubt we're ex- Periencing some rough waters, with little change predicted’. by economists for the next several months. But good money Management can help us weather ‘the current economic recession. Financial management is some- thing we in the banking industry stress at all times, whether we’re in a recession or not. We always warn our customers that they should ‘build. 2. cushion. into _ everything: they do to allow fora aa downiurn in. the economy, or 2 . Change in their. own, financial situ- ation. * . These savings cari act a5-a. cush-, jon ‘against job loss, a pay cut, an _ . extended: illness, a new family AN: OTTAWA-based © ‘com- . pany iving away 16,000 Sunday, September 20, 1992 — North Shore News ~ 25 Good management helps weather tough times member or major car or house repairs — no matter what the economic situation. You should plan to save a per- centage of everything you earn, not for the purpose of ac- cumulating money, bui to help you meet unexpected emergencies from out of your cash flow without increasing your debt load. Many financial counsellors suggest starting at 10% of take-home pay. . . Although rising costs and higher taxes are making it more difficult - to save, it’s never too late to start a budget. «The first step in setting up a budget is to start with a firm idea .of how and where you spend the $%-inch computer diskettes" loaded with more — than 2,000 entry-level jobs across Canada and elsewhere. The Career Search diskettes, disrributed by A+B Computer Systems, is a computer database _of employers who actively recruit " university graduates. The diskettes are available to graduating students beginning . Sept. 28 at university placement : Services - offices, : UBC and SFU campuses. including the . The project is sponsored by participating businessés, including General Electric,’ Canadian Pacific and the Bank of Nova Scotia. _. The program is bilingual and . will’ be updated every six months. - Empioyers: , and -job-seekers.. are * linked ‘through a. database that. breaks down specifi ic jobs based money you already have. Then you can decide on spending habits and cut back in areas that aren't absolutely necessary. One way to cut spending is to put away your credit cards and use them only for pre-planned expenditures. By using cash to pay for most. purchases, you'll reduce impulse buying and eliminate un- necessary debt. : If you’re having trouble making monthly payments on your debt, a ‘consolidation lean tay help. A consoiidation Ican allows you to pay off all existing consumer debt including credit cards. By doing so, you can usually isprove your cash flow by replac- ing several monthly payments with industry and geographic location. The program is als6 available to . the. general subscription. For more information write to Career Search Subscriptions, P.O. Box 410 Orleans, Ontario KIC 1S0. public through rteenee THE B.C. Science and Techno- logy. Fund has allocated $5.7 mil- lion worth of financial. awards to companies undertaking leading- edge research projects this year. The awards were given to sup- port 87 projects by B.C. com- panies, universities and research organizations active in all sectors of the economy and ail regions of the province. Applicants fot this year’s Tech- nology B.C. competition may discuss proposals with a Science Council Awards officer by calling a single lower payment. And, if your existing debt consists of department store or credit card balances, your consolidation loan will likely be at a much lower’ in- terest rate. Rescheduling and waiving loan payments are two other options to ease a temporary cash flow prob- lem. For example, by rescheduling a loan payment to fall on a more _convenient day — say closer to payday —, your budgeting process may be more successful. In addition, most banks will allow you to waive a‘ monthly payment once a year for a_alid reason if you get their permission. The waived payment is simpiy ad- ‘ded to the outstanding balance and made up at the end of the loan. Whatever your situation, you should always talk to your banker and work out some alternatives before missing a payment. Other- ALAN BOWER, ' BSc. MBA For Truly Professional Real Estate Service ry Call 290-7357 Office 986-9321 wise you might damage your cred- it rating and eventually risk repossession of your goods. Above all, Jevel-headedness and common sense will determine how successfully you will weather the recession, Garry Bader is an area manager for Royal Bank on the North One often hears Canadians com- plaining about the high amount of tax they pay. What many individu- als do not realize is that simply by structuring their investments care- fully, they can pay far fess tax: This guide will provide you with ideas for saving tax through your investment program. ‘Call | Joday to receive your com Plimentary booklet. Mark Osachoff - 664 -7433 eB ScotiaicLeod ©. Trusted nvesiment udvee we 127! 7 KEY INVESTMENT “on academic requirements, type of - RECOMMENDATIONS: The timing is critical. The future for. the: Canadiai Ez stock market starts today. By some measurements. th values are the best in over 30 years. The inflation te," at 1.3%, is the lowest in 30 years. Interest rates are t their lowest in 30 years. The real : } . long-term Canada Bonds,: at 6.8%, The recession is ending. The Canadi doll: over 8% from its November/91 high. The prospects for “growth ere renewed. The potential for the Canadian. stock market hasn't been this high for possibly thres:: = decades. - In light of the above assessment we have prepared. a: new research. _Feport entitled “7 Key Investment: - Recommendations’. In this report we have identified : _ outstanding Mutual Funds which we think will carry: the growth torch the best, and the safest, over the next " Bull market. We have also iddntified 2 stocks which, i our opinion, offer outstanding capital: ‘gain pros ects ‘over the next 2 to & years. These two companies ‘both Canadian with a major international franchiée ‘Finally, for those with income in mind; we have mad our selection of our favourite Preferred which difers- quarterly i income at a rate.of return which is currently. over 80% higher than. T-Bill rates and over 17% higher» ’ than: Canada Savings Bonds. .‘- ~For your. copy of "7 KEY.. INVE MENT. ‘RECOMMENDATIONS" please ‘cail. 844-5380..0 : 800-668-0706 (B.C. .tell free) -or Fax. us: at: 604-669 6392.Thank you. GENTLEMEN, PLEASE SEND YOUR: REPORT ON: i uz KEY. INVESTMENT. RECOMMENDATIONS* ; LC er ie Bl ADDRESS.......csssecssinissscnmnentensssssesiusseseenee — Bib a a smnPOSTAL CODE. ee | _ Tire COVER. scsssssecsecsoresecesvees $ 69. INo charge: i. : Stripes / Mouldings mm $ 229, INo charge: . Veil st ena a howe, ihEvery Truck Leased: ; ‘ "Les based on $2,500 down. Ist & last ents ver 48 mor OAC. : one Total paid $22, 806 plus taxes. Ft and PDI I incl. ° AWARD, OF MERIT WINNER — wos 772. in a row CHRIS TIDD/ANDREW EISENBOCK «A ODLUM BROWN LIMITED. ; 1800-609 Granville St., Vancouver, B.C. V7Y uss . Tel: 844-6380 (24 Hours) or 1-800-663-0706 (B.C. Toll-Free) NSN