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Show THE SENTINEL is also worthwhile for newfyweds trying to save a nest egg or onyone trying to save during these inflationary times. Make a poet (and stick to itl) to save bonuses, cash gifts, tax returns and the like. Include in this pool of funds the new spendable cash Monoy Majors you'll need to live on more than love "Living on love" rally is little mora than a charming cliche. Sometime after the honeymoon (and hopefully long before the flat anniversary!) fiscal reality sets in. Most married couples begin with a vogue plan for paying the rent, utilities and the like. Unfortunately, just as many don't have a plon for much more than that. Unexpected auto repairs or forgotten annual insurance premiums can make their appearance and throw an otherwise orderly budget into a new state of complete disarray I Or, Christmas arrives without the money for gifts. Your vacation is finally at hand but you hove no funds to finance it. You'd like to buy a home of your own but the down payment eludes you. How do you avoid these unpleasant moments of monetary truth? Budget. But don't run away from that term. wait Forget your timeworn definition of a budget as a straightjacket on your spending habits. In fact, a budget is any reasonable fiscal plan you devise to account for your money. It should include regular .expenses (rent, food, utilities, occasional etc.). expenses (car maintenance, insurance, doctor and dentist bills), personal expenses (doming, hobbies, entertainment) as well as a fund for your financial future (savings and investments). Setting up a budget is really just a matter of watching where the money goes for a few weeks and writing down those regular expenses plus a monthly contribution to cover occasional expenses and some regutor amount of savings (at least 0 percent of your paycheck). Sometimes you can't make the monthly income stretch over all of your obligations. Look for reasonable areas to trim. Perhaps you'll have to skip a few movies, or forego a new wardrobe to make ends meet. You may have to postpone buying a new car or taking that winter vocation. But, by all means, do not skip saving some small sum of money each month. Your savings will be the foundation of the rest of your financial, plan. "What finondal plon?" you may well ask. Actually you; plan con be any set of financial goals you would like to work toward. You may have dreams of anything from a winter vacation to a new home to your own business. The idea here, of course, it to plan a financial future for' yourselves. You may alter it or throw it out completely in favor of other fiscal goals! Lra But' txlthmtt m nlm uni'n lllralv to bump along for years and still not have the! cash you'd like for Christmas much leu fori that new house, etc. So, start talking now i about the future: What are your goals? Will you both work? Will there be children? How will that affect your finances? Will you have to care for a dependent parent or sibling in the future? How much do you expect to earn next year? In five years? In . their fobs for prolonged periods of time. Sometimes jobs just disappear temporarily or permanently. You hove to survive financially until another comes along. So, start saving a nest egg today. Don't stop until it covers your expenses for at least three to six months. Do keep it in a secured savings account or certificates of deposit or another safe but accessbile interest-bearin- g account. Remember that this is an emergency fund. If you need it you don't want to have to sell stocks, real estate or the like to get your cash. Save those investments for the future, after your emergency fund is secure. Now, how do you get that nest egg? Experts and common sense agree that saving is crucial to any financial plan. People who moke saving a monthly habit even in small amounts gain quickly. Experts point out that it is the regularity rather than the amount that mokes saving profitable, learning to save "found money" WeVe you regularly have when you finish paying for a car or other monthly bill. Resist the temptation to expand on your spendable income. Here's where your budget helps by encouraging you to spend only within its limits and save the rest. If you have budgeted carefully to meet other needs, you can easily save this "found" money. Phase two of your financial plon should certainly begin as soon as your budget permits. This means acquiring life insurance for both spouses. (Hopefully you 'Already have health insurance, usually in a group plan with your employer.) It's important to protect both husband and wife. Most families do not realize the financial contribution of a working wife or the high cost of replacing a wife's care child that the responsibilities. less the insurance are, younger you premiums will cost. But, of course, don't buy more than your budget permits. Your insurance ogent will be happy to help you choose a plon appropriate to your needs. Along with your efforts to budget daily expenses and save a nest egg for the future, you may be encouraged to Keep in mind 7 establish and use credit to help purchase joods and services a young household leeds. Or you may alredy have credit in he form of an auto loan, department store or gas company credit card. Never underestimate the power of your credit. It can help you establish a financial identity. Everyone relies on credit for buying a house and car as well as to cover cash emergencies. With credit you can stretch payments on furniture or appliances or even finance sudden expensive auto repairs. Used this way credit can be a financial lifesaver. Credit is also easily abused. Charging $10 here, $35 there and $20 somewhere else is not necessarily extravagant, but when it becomes a habit combined with other credit expenses like monthly furniture and appliance payments, trouble is sure to follow. Mounting credit payments and their high finance costs can quickly destroy your financial plan. Whenever you use credit, keep in mind that you will have to pay for the goods or services purchased. A special note to brides of any age: if you alreody have credit, keep it in your own name. H you don't have credit on your own, establish some now. Protect your credit by using it wisely. Colonial Weddings Early American weddings lasted for days at a time with much feasting and doncing. here to LpsrfeSJfJedding you Ask About Our Complete Economy Wedding Package e Pnetograpliy Jjnnouncesaeals Tout Wedding Cake Free Pea WPkg. Live EntertoiBSMat Hapklna-Than- k Catering Flowers Packet SeaUaele Also Rentals trie, te 1274 St. Saftlakefi 277-18- b PtiPMlvsIUUe Per Seek K .WIHhbI 15 CD I OH s Jjioomers lick Cases reniRaaCs i Back Drops Takte an 7SS4Sa.fets Jloraf and 9ilh 234721 1 77.- PHOTOGRAPHY by Cart Nielsen (801)255-278- E3- Charge . - V 8 1855 West 7000 South West Jordan, Utah 84084 - emeiSes fade t ten? Part ona of van the most meooer financial plan looks to the future and works to provide some financial security. Your first financial gool should be an emergency cash fund large enough to cover oil of your living expenses for anywhere from three to six months. You're not planning on it, but accidents and illness do keep people from and housekeeping Ptflt Thursday, June 24,1982 . . . unless you capture them in unforgettable color photographs! Just think, ten years from row you can open your weddmg album and see it al over again! Your dress, your hair, your husband with the ring, tne tammes and moras. maoine the thriK for you ana your cmnreni Why not arrange with us for your wedding ' photography. We offer candid coverage at the church or chapel and the reception, also striking studio portraits. And ours are line qualty professional color photographs at reasonable - fast Complata Pcckeses Starting At rates. Cal us now. We'll save your precious memories! Complimentary "LOVE STORY" Engagement Portrait With Each Wedding |