First pay
yourself

From page 32

calls home to see what's
planned for dinner. (You'll
soon be able te spot them as
you take a magnifving glass to
your spending. )

If you need co cut back,
start here, where it’s least
painful.

Now go back to your “nice
to have” expenses. Deprivation
as a strategy usually just makes

life miserable. Go for reducing
life’s extras, not eliminating

them.
Could vou reduce your fast-

food dinners from twice a veck

to once a week, saving $50-

S00 per month? Could vou
exercise at the local ree centre
instead of the expensive fitness
facility? [f you can cut back —
without sacrificing quality. of

life — vo for it. Evervthing vou

dom spend can begin to work

to vour advantage.

it’s generally ‘ood advice to.
i

pay down your highest cost of

department. store

credit first:
and bank credit cards. If you

can keep those down, and work

on your other debts, vou can
start thinking about compound
interest and dollar cost averag-
ing — vour money working for
you instead of the other way
around.

Campound. interest warks
best for vou when vou invest a
small amount (in your RRSP,
for examptc) on a monthly
basis.

Set up automatic savings
contributions and get financial
mail vou actually like to read —
your statement telling you how
much you've earned through
the power of compound inter-
est. This is whar is) often

referred to as “paying vourself

3-year term deposit
Minimum Deposit: $1,000

Dollar ce st averaging hap-
pens when you buy mutual
funds or stocks through regular

monthly installments instead of

all at once. Since the cost of a
mutual fund ar stock varies on
a day-to-day basis, you will
average out the peaks and val-
leys buying them regularly. Not
only are vou investing, but
investing, wisely.

Se, vou can sce how just a
few small steps can get you on
your way to financial stability
without drastically altering your
way of lite.

Remember, there’s no one
plan or solution that works for

Good, you're still reading. Because the rate on our three-year term deposit is truly
outstanding. And it's just one of the great investment opportunities we have available.

So drop by your nearest branch to find out more. OK, now you can turn
the page, *Rate subject to change at any time.

Bronnes. 272-9309 & Broapsoor 272-0171 * Campin 273-11

owe we the re ee ee eee

RICHMOND.
AGS

We're not a bank We're better. (BES\Y

© CoMMERCIAL SERVICES 279-5399 * Coguttant 941-8159
GrorGin Street 682-7728 © [Ronwoop 271-B18L © RICHMOND CENTRE 273-7838 © Scott Roan 572-8900 © STEVESTON 272-5900
“TRAWWASSEN 948-738 © West VANCOUVER 926-2612 © Witere Rack 836-1221

Sunday, February 14, 1999 - North Shore News — 37

every person, For creative solu-
tions based on your specific sit-
uation and money manage-
ment stvie, talk to a financial
industry professional who can
work with you to find a solu-
ton thar fits.

-- Sheila Kilpatrick is a
business development senior
manager at North Shore Credit
Union. Contact Sheila at tv
Amtbtestde branch or call one of
the credit union’s teleconsultants
at 713-3000.

Let North Shore's financial advisors help you
build a secure financial future with tailored
RRSP solutions like FLEXtarm*. A favourite

with our members, FLEXterm

guarantees you a premium

7

rate of return for 2 years. And,
to give you complete flexibility, FLEXterm is
futly cashable without penalty after 60 days.

* Rates subject to change without notice. Available until March I, 1999. .

Call us. at 713 3000

“Or toll fi

Visit our web site e at ww

REDIT UNI