from smart spending habits TO GET the biggest bang for your ~ buck this new year, or any year, you Should spend on things that give ‘you the greatest personal and finan- “cial satisfaction, which means sav- ving in areas of less importance. And you can often combine saving -moncy yourself with helping the environment, That advice comes from a certi- “\: fied general accountant, who gave : the following examples. MeYou want to pay off debt more “quickly (where clse can you earn , 5%-to 33% interest, after tax with- “ -out-risk, which is the result of pay- « “ing off anything from your mort- page to an outstanding credit card balance?). & You want to invest so you will have more money to spend and “enjoy inthe future. B You want io have more money “to spend and enjoy today. “ “Let.your objectives. support: “your efforts,” Suggested the CGA, “A“4f- you ‘are saving for.a holiday, “stick photos of your trip from the “paper or travel.brochures into 4 “-serapbuok..Then, when you decide to eat at home instead of at a restau- rant, or to: watch a movie you previ- «ously recorded instead of heading “,0UL to a show, go through those pic- ‘tures:-and note your financial progress toward your goals.” ‘ Decide which of the two main ‘approaches to saving money Appeals .to. you and. your partner/family — everybody. should take part in'a project ike this. = 1) MAJOR COS'£ CUTTING, “This, suid the: CGA; can involve . dramatic lifestyle changes —- and from a produce major cash results. Let’s say you move to less expensive, more environmentally friendly and efficient housing. Lower rent or lower/no mortgage payments, lower maintenance, per- haps a lump sum from buying a cheaper homie — all add up to rnore money in your hands for more rewarding spending on things you enjoy. Self one of your vehicles (or your only vehicle) and again you will save thousands of dollars a year — and help the environment. “But before you make any major cost-cutting move, take a trial run,” warned the CGA. “Ht can be inconvenient and cosi- ly ifthe move turns out wrong.” “For example. if you own a home, rent it out while you rent the piace you are considering. (And lax point of view, this could be the time to do repair and mainte- nance ‘work on your home: because you are renting it oul, you might be able to deduct the costs.) “Before you sell a car, take it off the road for a few months to see how you manage with only one car in the houschold or, if it's your only car, with walking. cycling, busing, taxiing and renting.” } MENOR COST CUTTING. This takes discipline and although it produces smaller savings, over the -years those savings. can become dramatic. _ “Ponce worked out that brown : bagging it over 25 to 30 years could easily: produce a half-million-dollar payoff — assuming you put the “savings into an RRSP, paid down the mortgage and so on,” the CGA said. “We have iearned how to pro- duce the most appetizing brown bag lunches; I'd rather save the money to spend or something [I enjoy more than eating lunch out every day.” “We even cut cach other's hair —— which has saved more thousands of dollars.” You can lower your food costs by keeping track of what you buy and eat over two weeks. Then show the list to a nutritionist or dietitian (at a hospital or college) who should be able to suggest better and Chexper food. ft’s not unusual to be. able to cut up to 25% off your food bill. “Depending on the kind of per- son you are, you could save money by becoming part of entertainment events instead of paying to go to them,” said the CGA, “Be a volun- teer ata folk music festival. or an usher at a concert, play or sports event. “Make food, clothes and gifts. Quit smoking or drinking, or cut down to one bottle of wine'a month - instead of one a week (or one a week instead of one every night). “Borrow books, magazines, Papers — even tapes, CDs and videos — from the library instead of buying new ones, “Barter and trade. If you do this on a casual basis there are no tax repercussions.” The key to conserving cash is to focus on a handful of techniaues — those that,save the most money for the least effort. Bo what's right for you. - Finally - ‘a Far East Fund with 100% RRSP Eligibility! fs "Nee he's an investment product that brings you the dynamic growth of the Far East economies with 100% RRSP eligibility. NN Financial is proud to present... the Can-Asian Fund ‘The Can-Asian Fund lets you participate in some of the world's fastest |. growing economies, like Hong Kong and Japan. NN Financial i is a member company of | Internationale Nederlanden Group (ING). With over $225 billion in assets, ING is the third largest financial services organization in the world. For more information’ a 10 YEAR AVERAGE‘ RETURN TO DEC.:31/93 ‘Basedona portfolio of 50% Hang Seng Total Return index (Hong Kong) and 50% Nikkei 225 Total Return index (Japan). “call your investment adviser, insurance broker or: NN Financial (brokerage) ~350- 2600 mea Street, Vancouver yan. n ives Y ore The GIC Alternative. For your RRSP, Industrial come Fund As its name suggests, Mackenzie's Industrial” Income Fund is designed to meet the needs of in- come investors, by investing in Canadian bonds and mortgage-backed securities, ' Bul because the Fund is managed to build overall returns, the managers also invest a smaller portion of the portfolio in equities. -, The result has been excellent total returns, regu-° lar income - and very satisfied investors. oS For the full story on where Industrial.income Fund has been and where we believe it’s going, please call us today at the number below. MICHAEL CUTLER/LORIE THOMAS GREAT PACIFIC MANAGEMENT co. TEL: 669-1143 , The Industrial Group of Funds Important information about this offering is contained in the Fund's . simplified prospectus. Investors should obtain a copy and readit care- ° fully before investing. Unlike GICs, unit value and investment returns for mutual funds will fluctuate. The indicated rates of return to December 31, 1993 arc historical annual compounded total returns, in- cluding changes in unit value and re-investment of all distributions, — and do not take into account sales, redemption or optional charges payable by an investor which would have reduced returns. Past per- formance i is nat necessarily indicative of future fund returns.