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Show The Park Record A-16 Wednesday, September 11, 1996 Ronald Field How to simplify your finances Most people don't spend enough time truly managing their money that is, knowing where their cash goes and fashioning a sensible financial plan. They're too busy running in circles, duplicating dupli-cating the time and energy they devote to their dollars. If you want to simplify your financial life, follow the three steps outlined below and you'll stop wasting time and start getting get-ting more control over your money. For example, by using financial-tracking software like Quicken and setting up a filing system, you might actually complete com-plete your Form 1040 in the hour and 43 minutes the IRS says it should take, rather than the hours or days it probably demands. 1. Balance your checkbook by computer. Chances are, if you still balance your checkbook manually each month, you're up to your eyeballs in ATM withdrawal with-drawal slips and canceled checks. Vail IPO Continued from A-15 offered, said Colburn. Common advice from those in the know is to wait about a year before getting into a new stock. Said Smith, "The only time the average investor can really get a hold of IPOs is when they're not expected to do well." That said, many financial experts admit that the Vail IPO is probably a better risk than most, and certainly better bet-ter than most other resort companies, many of which might also try to cash in on the newfound popularity of the IPO. "It's hard to say what's going to do what when they hit the market," said Reeves. "But, of course, Vail is one of the bigger, more solid resort companies. I think it will be a better deal in the aftermarket." s and save $3 off our annual subscription rate Year subscription rates: In Summit County $32 Out of County $60 Bring in this ad or mention it over the phone for a discount off the above prices. You will receive 104 issues of The Park Record over the next 12 months. Subscriptions can be ordered by calling The Park Record office at 801-649-9014 Monday through Friday from 8:30 am to 5:00 pm or by stopping by our office at 1670 Bonanza Drive. All subscriptions must be paid for in advance. f "fF. 5mwif County since J 880 Park Record There's a better way. P u t your checkbook on com-p com-p u t e r , using cash software soft-ware like Quicken or money. This software is compatible with most bank software programs, like Zions' PC Banker. With these systems, you can print out pre-ordered checks, pay your bills on-line, transfer funds and better control your overall expenses. You will be able to balance your checkbook check-book to the penny in just five minutes every month. 2. Organize your records with a simple filing system. You may be able to get by with just a lined ledger book and an expandable accordion file with blank tabs for specific money categories. Then, file your papers away according to categories so you won't have to re-sort everything at tax time. You can set up an even more Park City ChamberBureau welcomes two new staffers The staff at the Park City ChamberBureau, as busy as ever promoting the area's active tourist economy econ-omy and business sector, welcomed two new members Monday. Park City residents Mary Brenan Bradley and Julie Norcross have joined the organization as business information manager and sales assistant, respectively. Both women come to the ChamberBureau with ample experience and enthusiasm, said Executive Director Joan Calder. Bradley, formerly with the local public relations firm Renaissance Woman, Inc., has worked with area businesses for the past two years after moving from Washington, D.C. Norcross is a 14-year Park City resident res-ident formerly with the U.S. Ski Team, and is originally original-ly from Southern California. "The staff has been so supportive," said Bradley. "I'm really excited to be working for the city, in Get the details on the weekend's games in Sports B-1 obscnbe PARK CITY, UTAH structured system using the Homefile Organizer set from Financial Advantage. 3. Slice the number of credit cards you have. In her best-seller Simplify Your Life, author Elaine St. James writes that she and her husband one day realized that they had nine credit cards between them. After getting rid of all but a joint Visa card, they eliminated at least a dozen pieces of mail each month and several hundred dollars a year in fees. If you are sure you can't manage man-age with just one credit card, you certainly can get along with fewer than the eight carried by the average American. Reduce the number of cards you hold to, say, three a gasoline credit card and two other general cards among the following: American Express, Discover, MasterCard or Visa. Pay off all your other cards and then either dump them or get a new low-interest-rate card and transfer the balances from your existing accounts. Don't just cut up the credit cards you want to eliminate. Call each card issuer and ask them to close your effect." Bradley said her duties as business information manager include handling relocation services for people peo-ple moving into the area, supervising the ChamberBureau's visitor center on Main Street, and acting as a liaison to the Park City and Summit County Historical Societies and Job Service. Norcross says her background as special projects coordinator for the ski team, where she "wheeled and dealed a lot," will help her as a sales assistant for the ChamberBureau. She will compile lodging data and provide reports for the organization. According to Calder, "The ChamberBureau is fortunate for-tunate to have both Mary and Julie and we look forward for-ward to them bringing quite a bit to the organization. "What I see in both of them is they bring a tremendous tremen-dous enthusiasm for Park City and the Chamber's role in helping it grow." expires 83196 account. Tell the phone rep to send you a follow-up letter stating stat-ing that the account has been closed at your request. That way, you'll have a record of the transaction. trans-action. This may also improve your credit rating by having fewer open accounts. See, a little up-front preparation prepara-tion today can put you on your way to a simpler, more productive produc-tive financial life tomorrow. Based on the lenders surveyed this week the interest rate on 30-year 30-year mortgages increased to 8.500 percent. The interest rate for 15-year mortgages increased to 8.000 percent and the rate for one-year adjustable-rate mortgages mort-gages is 6.500 percent. All rates are quoted with zero points and a 1 percent origination fee. Ronald Field, Park City, is a licensed mortgage broker, investment invest-ment advisor and former columnist colum-nist for the Chicago Tribune. Readers with questions can send their letters to Ronald Field, P. O. Box 2060, Park Citv, UT 84060. uge H Sale Continues!! Factory direct to you. Low, Low prices! i ffl "j q j I'" j i ! IffSc,? J n IT 1 T H Mr v i i v;: 'iixV -.rf Vt ' O -:..r -i-GUl fg CHAIRS 60 OFF- wrought-iron & pine Large Brittany Entertainment Center (Armoire) $674 Nightstands $125 Sofa Table $273 etc... etc... HUGE SELECTION of furniture, lighting, mirrors, accessories, pine - mahogany - teaks one of a kind designer We Warehouse Showroom 1200 Ironhorse 655-0567 Special Sale Hours II -5pm Mon. thru Program Rate Points Bank One 30 yr Fix 15 yr Fix 1 yr ARM 8.375 7.875 6.500 Chase Manhattan Mortgage 30yrFix 8.250 0 15 yr Fix 8.000 0 1 yr ARM 5.625 0 Countrywide Funding 30yrFix 8.625 0 15 yr Fix 8.375 0 1 yr ARM 6.375 0 Crossland Mortgage 30 yr Fix 8.625 0 15 yr Fix 8.125 0 6 mo. ARM 6.125 0 First Colony Mortgage 30yrFix 8.500 0 15 yr Fix 8.000 0 1 yr ARM 6.625 0 Key Bank of Utah 30yrFix 8.875 0 30 yr Jumbo 8.875 0 5 yr Balloon 8.250 0 North American Mortgage 30yrFix 8.375 0 15 yr Fix 8.000 0 1 yr ARM 6.375 0 Triad Financial 30yrFix 8.625 0 15 yr Fix 8.250 0 1 yr ARM 6.375 0 Washington Mutual 30yrFix 8.375 0 15 yr Fix 8.000 0 1 yr FHA 7.500 0 Zions Mortgage 30yrFix 8.500 0 15yrFix 8.125 0 1 yr ARM 6.875 0 The Utah Mortage Pulse includes up-to-date information on home loan rates charged by Salt Lake City area lenders. The information was accurate on Monday, September 9, but is subject to change without notice. Closing points: One point equals 1 percent of the loan amount. Most lenders also require private mortgage insurance with down payments of less than 20 percent. Also, most lenders charge loan processing fees up to $300, credit and appraisal fees up to $400, origination fees of 1 along with other closing costs. Index: T-Bill Yield on 1 yr T-Bill, COFI Cost of Funds Index, 1 1th D 1 1th District Cost of Funds, LIBOR London InterBank Offered Rate. Source: Mountain Express Mortgage (801) 647-3700 Warehouse pieces from around will beat anyone's price!!! Unfce ve veT fti ifOtea sat fZuMy tSVetykrt Scnff 7 das wcek Down Caps Index 5 5 10 26 T-Bill 5 5 5 26 T-Bill 10 5 10 26 T-Bill 5 10 10 16 Libor 5 10 10 26 T-Bill 5 5 10 5 5 10 26 T-Bill 5 5 5 26 T-Bill 5 5 10 15 T-Bill 5 5 10 26 T-Bill the world. Uen before'-509 before'-509 Main Street (Across from the Post Office) 647-7758 open 10-6pm |