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Show Salt Lake Trihano, Sunday, May H, ws 1972 v VW( I i 1 s ,- f . - Kt ''&' v ix v y,i ' 1 f .fl .Y 4: ' I. .w- $ - V 2 j';g U mkt&fi - 1 ' .r: I Fotherin Mrs. Jan B. Brown news ptial gham-Knou- ", i;i ' Mrs. Robert L. Knous Jr. N u ,f' ' - & 1:1; 5: president of Clearing House, a volunteer group for retarded children. s WASHINGTON, D. C. Patricia Fother-inghaand Robert Lee Knous Jr. were married Saturday at the Jefferson Memorial on the Tidal Basin, Washington, D. C. A breakfast reception was given at the Top of the Town Plaza, Arlington, Va. The bride, daughter of Mr. and Mrs. Ther-o- n W. Fotheringham, Salt Lake City, graduated from the University of Utah. She affiliated with Kappa Kappa Gamma and Alpha Theta Rho. The bridegroom, son of Mr. and Mrs. Robert Lee Knous, Denver, Colo., graduated from the University of Colorado. He served as vice president of the College Democrats, was a member of the varsity basketball team and Nethery-Brow- n Mary Lou Nethery and Jan B. Brown were married Saturday in the First United Methodist Church. A rtcepticn was given in the garden at La Citadelle. Restaurant Minoa was setting for the wedding dinner. The bride, daughter of Mr. and Mrs. William B. Nethery, Salt Lake City, has attended Westminster College. The bridegroom, son of Dr. and Mrs. H. Jess Brown, Bountiful, attended the University of Utah and was graduated from Utah Technical College. He served a tour of duty in the U.S. Army. Wise use of credit cards demands much more than good penmanship By Dan and Michels Miller Chicago Daily News Writers Anyone who can sign his name can use a credit card, but wise use of credit demands more something than good penmanship. Banks that issue credit cards know the average cardholder has about $240 outstanding on his account, but the cardholder only knows he has a fistful of those tissue-thi- n credit receipts. Likely as not he doesnt know he may be paying twice as much in finance charges as he has to, and he may be passing up two months of interest-fre- e loans because he doesnt know how to take advantage of the time lag between a purchase on credit and the date the bill becomes due. Keeping track. Many families who rely on credit-car- d purchases muddle through monthly payments not knowmuch m hcck they ing how " until it becomes are obvious theyve themselves. Lillian Helling, over-extend- consumer-educatio- n specialist for Master Charge bank cards, says theres an easier way: a reverse checking account. Get a clean checkbook register from your bank, Mrs. Helling advises, and keep a running balance of your outstanding debts. When purchase is any credit-car- d of the amount the add made, purchase. When payments are made, subtract. System Works If the system is to work, however, families must know their credit limits. Most personal-finance experts say a familys total debts, excluding mortgage payments, shouldnt exceed 15 percent of annual e pay. For a family taking home $10,400 a year total debts $200 a week should be held to about $1,500. But the experts caution that take-hom- the debt-loa- d shouldnt be carried as a regular expense, since interest payments will swallow a big chunk of regu- lar income. Settle on a realistic debt load. When the balance in the reverse checkbook approaches that figure, its time to hide the credit cards. Keeping track of indebtedness will not only keep you solvent, but youll also be able to make the best use limits. of your credit Finance charges. The fee pay for carrying over an unpaid balance on their account is called the finance charge. In effect, it is the amount paid to borrow the card-holde- money. In almost ail cases, the credit card finance charge is listed as 1 percent per month, and that would work out to 18 percent per year. Billing Variations There are, however, some variations in billing methods that can change the amount of finance charges you pay, and knowing how they woik could save you some monev. 1. balance or Adjusted unpaid balance billing will cost you the least. At the end of the billing term, interest is figured only on any remaining balance on your account. You are given full credit for any payments made at any time during the billing period. This means you can wait until near the end of the billing period to make payment, in effect borrowing money without cost for almost 30 days. This is the billing method used by BankAmericard. 2. Average daily balance is a little more complicated to figure, and with it you lose the advantage of late payment. In this system, interest is charged on the average of your daily balance. The earlier you pay during the billing period, the lower the average will be. 3. Previous balance can be the most costly ror the credit card holder. In this case you pay interest cn the full amount of the charges against your account at the beginning of the period, and payments made during the period are not subtracted as in the case of adjusted balance or aver Submit a picture before wedding The great increase in the number of weddings in our area makes it possible for The Tribune to g publish only the engagement or wedding photograph, but not both. To assure publication, photographs ior use with wed- in The ding announcements Tribune should be in uie office of the Lifestyle Dept., Room 201, Tribune Bldg., at least one week before day of the wedding ceremony. charge for wedding photographs is to cover engraving costs. Because of the volume of photographs handled, The Tribune can assume no responsibility for pictures submitted. Golden wedding and birth are day announcements charged for space used at the rate of $6. 40 for the first inch i 90 for inch. They should be submitted to the classified advertising department. Newspaper Agency Corp., 143 S. Main. The sd $5 add'?! aged as in the case of average balance. If you are not aware of the type of billing used by your credit card company, It would be worthwhile writing and asking for that information, and dont be shy about shopping around for the bank or store that offers the lowest in- terest rates. The float Credit-car-d holders can receive nearly two months of free loans by purplanning their credit-car- d chases, Mrs. Helling said. Part of the time comes from the grace period, usuaLy 25 or 30 days before a payment must be made to avoid a finance charge. But also check the billing date on your next bill. If you charge an item on that date next month, it probably wont 4; itv: nz r i:i- 5 f I: si. i va Vi- A . a. J I f I show up in your statement for another 30 days. Suppose a billing date is the 6th of the month. A $125 bicycle charged on May 6 probably wont show up until the bank or store sends the bill dated June 6. Then you can add whatever is left of a y grace period. Result: a $125 purchase made May 6 and no payment required before July L Thi3 time lag is called the float, and banks themselves make use of it in their borrowings from the federal reserve system. And after all, whats good enough for the fed is good enough for the beleaguered user of a credit : ird. t i I I J (Copyright) Christiansen-Eckma- n Salt Lake LDS Temple was setting for the Tuesday wedding of Debra Christiansen and Steve Eckman. The bridegroom is the son cf Mr. and Mrs. Floyd L. Eckman, Salt Lake City. Mr. and Mrs. Rolf Christiansen, Salt Lake City, are parents of the bride. ! ? 9 JOIN THE AmvKTc;w IN FASHION . J a |