BBUSHICSS er On OO aneaeanan - As the leaves change color, think green -gi'$mt spring. But its Septem Nepoe now into a wore term... The lender can. give you exact So you.can sce a 15-year mort- already doing the job. But the odds ime deposit or ucasury bill to mature — figures, But the following exam-. gage will save you (compared with ~~ say it’s almost certain you. will be afresh as you get back to the real = when the funds are needed. , ; . : : _ ples will give you an idea. I’ve a 25-year mortgage) roughly the . on your own as a divorcee or a world afer summer vacation, for qf you oon eae have the used a 12-per-cent rate here with amount of the mortgage itself in widow. e amy K Hoe abeut mene uy . ie ne budget by interest calculated semi-annually; interest. Even if you: beat the odds, two ; s you think about your tie number of months until spend-- savings will differ here with inter- Ah, ladies. You have certainly — brains can make more moncy than finances falling into place, Iet’s — ing time. Then have your financial ( est calculated. semi-annually; sav- come along way, as they say. But. one. And you will fe i pane se Ce °. ° ¢ culated: se: ; ay, 2 . el more in take a ick r N through Pe ston automatically transfer ings will differ for other raics and don’t stop now. (And you men: .. control of your life. or ap easant Scrooge ol a Christ- at amount every month (or half calculations, but the principle — you haven't come to the end of the ~ mas — making some mortgage the amount twice a month) to a . : . ‘ ; : remains the same. road cither.) magic and being a money-wise special Christmas account. Pay off a $1,000 mortgage in 25 Don’t leave moncy management ff S.A.M. encourages % = @ woman (or man) along the way. In December, refer back to your yours and it will cost you $2,096 in to anybody else. T just found out | F AIR EXCHANGE | Thope I’ m ahead of the first sign. budget. Adjust it as much as you - interest. Pay it off in 20 years: cost, about a student loan J didn’t know RATE AS OF SEPT. 18/ 89 of Christmas advertising as | bring like- - provided the bottom line $1,594, Pay it off in 15 years: cost, I still had because my husband — | $1.17 you my annual suggestion to Stays the same, $1,127. In all cases, you must also “used to look after all the money pay back the original $1,000 loan. —_ matters,” said one woman follow- ~ To calculate’ your mortgage ing her divorce. ; interest cost —— and potential sav- How well a woman fares finan- ings by. shortening the amortiza- cially when she becomes single tion (payoff) period. — simply again after a divorce or death § multiply the amount of your mort- _ depends on how much interest she | gage by the preceding figures. took in the family’s finances With a $50,000 mortgage, for before. (The same applies to men budget now for festive season — Perhaps take out that moncy in spending and avoid any holiday travelers’ cheques. When the hangover. (If you took a summer cheques are gone, the spending is vacation on credit, you know what . Over. Or write regular cheques, but sort of hangover I mean.) keep a running total so you don’t exceed your limit. If saving for Christmas spending over a short period proves a strain, then starting next January, divide © 117. $13. 2,34 $14. 3.51 $15. 4.68 $16. $17. $18. $19. $20. on $15.21 $16.38 fh $17.55. $18.72 $19.89 $21.06 Take a moment to make a list of people for whom you will. buy gifts this year. Opposite each name ls | $ 1 > $ $ $ $ $ $ it] a iruion to Wow Wt Wn a I" tt © ¢ 1 ‘ 10. Bites Omolecrtome Se atig Sem compen) Wy Soha eiaade mony omen |B BE plan to spend on that person’s gift _ have that smaller amount automat- example, would cost (50 x $2, 096 - Of course it’s tough to motivate . | $12. = = $14. 04 $50. a as well as any gift ideas. ically transferred to your special ) $104,000 in interest, the 20-year yourself to deal with debts, invest- i] Retailers please place fi this table ~» Also put down other expected account every month. would cost $79, 700 and the 15-. ments, banking, insurance and f on your cash register. spending categories like food, Taking one of these approaches year, $56,350 — a $47,650 (or fl. ’ ‘taxes when somebody else is liquor, other entertainment and is’ nothing more than being busi-" 46-per-cent) saving over the. 25- i * travel, with budgeted amounts for - nesslike about your spending year mortgage. ©. each. plans. And if it works for Christ- With a $90,000 mortgage, multi- cto va ts the total ‘edsonable’ in your mas, it can also work for other ply by 90. Over 25 years, the ‘situation, given your other spend- major expenses. . “interest cost would be about ing and financial priorities? If.so, a $188,640; 20 years, $143,460; and © ~ will: this money come. from sav- 22 How: ‘much can. you. save .by 15 years, $101,430 —.again.a- ings? eee ~ paying. .off your mortgage more 46- -per-cent: saving (in this case, a In that case, you might put, the “quickly? oS os ee et interest by S $87 210. . Two chamber fundraisers _ Be need support — -and soon Saanich Peninsula people. always. : “Roughly 40° goods. and. services. ee come through at the. last minute, “ranging from a: “Weedeater: to a. Bo, ; Chamber of Commerce manager. ~ computerized wheel - alignment, a: ee * 7 : : Masi}yn Lec as we Soak jewelry box to an cight-person — ‘SEPTEMBER 1S Child Abuse - > seminar at.Dunsmuir Lodge, will’ Prevention Month, and that And there are ‘two Saanich -go on the block, Lee said. message. will make it into the Peninsula Chamber fundraisers — Anyone who: hasn’ l bought a... kitchens of Canada, via cartons of a 365-day lottery, and tomorrow's «ticket but wants to attend the Lucerne milk, sold in Canada en @ auction of goods and services. “auction: should contact the cham- Safeway Ltd. stores and : ‘CURRENT RATES SUBJECT. TO CHANGE : *~ . One Year. Two Years Three.Years ° Four Years _Five Years donated: by merchants — she'd ~ ber office at 656-3616. . Woodwards Food Floors. like to see the last-minute magic Gurney. wants ticket sellers and 7 ee ek Do NIL —_ ee buyers. “ pie we ar it just 1,000 tickets sell, the me 1 need a ‘miracle,’ , ‘said Ron . odds of at: Icast winning your. Gurney, who's. trying to sell .moncy. back are one in three, Tf all enough tickets that the chamber — 3,000 tickets sell, the adds arc one fp will break even on its lottery. in cight. : ~< Sales are “terrible,” Gurney Draws will be made each day for im ; said. “I think I need to sell anaiier an entire year, and drawn names go 500. Bo back in for. snecessive draws... - Major wins will be the kick-off Sales of the $20 tickets must of $4,000.and the grand. prize of | Come to end before the kick-off draw. of - $3,000, drawn Sept. 30, 1990. we 81.000 OCT. ~ Draws of $20 are made Saturday fo Meanwhile, Lee wants immedi- to Thursday, draws of. $50 each rH is. oT 2 eo ate calls from anyone planning to Friday, and draws af $50 at the end attend the auction at Columbo's in. of cach month. te Son toro Na oe Plannin; Seminar Te starts at 6 pam, with Gockinils, 2 ees ‘vither helping with last-minute a dimer follaws at 7 p.m, and. the sales or buyin aticket should ( EAN s Barry Bawnyan st: ants the . call Gurney during, basiness hours wiclioi at RE AL O86-24t le | B 3yrits very nature, the subject of will and Estate Planning is dificult for people to deal mene . a ire eee a with. . . _ . : | TAL Royal Trustowe are committed { {a prawidings y you with the ndvice needed to make he prennnnnnnannccnocamnn . sound. fiyangial: decisians: fear you and sour fi imily. Weim: ake difficult. tasks easion. aye io SAANICH TEN | NSU LA a We think you'll agree: that Rayal: Traastis, profospional, appraach to Wills and lasts He ; : Planning is, the: right one, Trike a “Slop in ‘theeright direction tnd, ¥ wi | 7 dhe direet ee some Buyers ce ees Home Sellers a me one: {0 our (row Wills and state Ph: inning Semins WN, : hs > CALL us! Ae ES ee | GUEST SPEAKER: Gerry Main, § Senior Trust Officer, wills _ B ~ PLACE: Dunsmuir Lodge, 1515 McTavish Road . a “We KNOW: Peninsula Real Estate oy TES: Wednesday, October 4th, 1:30-3:30 pm. | _ a 7 | FREE HOME EVALUATIONS - aan q . Wednesday, October 11th, 7 pm. - 9 prs : Paneer aravene al i f “My a Me we ie noe oh nye. for admission, howov or set iingt is limited, Call Rob: Par rik, Account Bis “é ail : Manager, or ‘Rate Phillips, GBR: 307 jo reserve 4 place. for yoursell and a friend. | J fo Ng a ROYAL 9830 FourthSt. . time). ee ee ae Sidney, BC.) | | 7 7 . h “Alan, a NRS eee REALTY Es i - TR RS oF | (Now Open Tuesdays: 8 Thursdays 9 Q- 8) if 662-07 a 656-0224