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Show an emergency arose and the family Want to know more about money? had to borrow the food and clothing, there not enough money to pay Soni installment payments, your credit is overextended. Borrowing to meet other debts. A family that must borrow to meet monthly obligations is edging toward financial disaster. Creditors turning over accounts to a collection agency. If payments are not made to the collection agency, creditors may ask the court. to seek restitution or attach a lien on wages. THESE SITUATIONS can be avoided if a family knows how debt it can afford and is careful not to exceed that limit. There are no strict rules on how much you can safely owe. In estimating a family’s debt capacity, consideration must be given to its special needs. However, general guidelines, as suggested by the Money Management Institute of. Household Finance Corp., are: Estimate your monthly take-home pay. This is the amount a family receives after company-withheld life and health insurance premiums, Federal, state and would. commit. It would therefore the same level, increase or decrease? When a wife works, remember her may end if she becomes Do you expect any major expenses in the near future? Young families should consider the possibility of having a child’ and consequently an increase in living expenses. GOING INTO SERIOUS DEBT is sometimes unavoidable. A member of the family becomes ill and medical bills mount, or the head of the family loses his job or possibly cannot work because of illness. As a result, it becomes impossible to continue paying bills. In such instances, it is important to notify creditors promptly. If a credit record is good—that is, if bills have been paid regularly—creditors usually will accept a smaller payment or even suspend payments. If the creditor is unwilling to help, a number of non-profit organizations can give advice. Some charge a nominal fee. The National Foundation for Consumer Credit has information on by Shisiey Shields be pregnant. Do you have more debt than you can safely afford? The comparatively easy availability of credit for all sorts of purchases can blind some. families to their budgetary limitations. As a result, they occasionally sink deeply into debt without realizing it. Warning signs that a family is yeni its debt load include: Inability to meet monthly obligations. If after paying fixed much income able to borrow safely if the need arose. When borrowing, you oe consider the future: Will the family income remain at income . (Part 2) as ae same purchases. debt problems such fashion it might not only ten percent of its monthly income to payment of credit How to avoid expenses, money, have enough to meet monthly payments. A prudent family with counseling services in many states. The Legal Aid Society and Family Service Association also provide _ similar services. The best way to avoid serious debt is to use credit wisely. Keep the following in mind: Do not sign a loan or installment contract until you understand all its provisions. Avoid loans for items you will tire of or will wear out before the loan is paid off. Avoid long-term contracts that extend beyond the RULES ABOUT HATS 1. Prominent nosed girls, those who wear glasses, and those with receding chins, should wear hats with a forward thrust to the brim. 2. If features are delicate, don’t over-do with a ore hat and heavy jewelry. 3. Short women (5’2” and under) should never wear wide hats. They will make you look like a toad stool! The crown of the hat should never be wider than the widest part of the face. 4. A round face should avoid round hats. Angular lines, hats with a center peak or brim are good. 2. A square face should wear angular, tall crown. Something with around effect, would be good. 6. Body proportion and height, are the only points to consider if you posses an oval face, because an oval face can wear any type of hat. ‘7. Hats must be in proportion to your figure, always. : 8. Don’t wear dangling earrings with a hat 9. When in doubt as to when to wear a hat, it is best to wear one, then if a hat is not necessary for the occasion, you can always remove it 10. ON CERTAIN OCCASIONS IT IS NECESSARY FOR TEENAGERS TO WEAR HATS life of an appliance. WORDPOWER is mailed and distributed FREE to anyone — interested in receiving it. To continue publishing, we would appreciate your donations or buying ad space. Please call 486-9371 for information. Headquarters Music by the “Shree Dons” & Brass Music Furnished for All Occasions * CLUB ENGAGEMENTS * WEDDINGS % CONVENTIONS *%« PRIVATE PARTIES Daytime Musicians Available Other Music Groups Available We Also Cater Mexican Food 355-0827 75 w. south Temple local income taxes and Social Security payments have been deducted. (Include any income from. interest or savings accounts, dividends from stocks and bonds and other sources.) Next, figure total monthly expenses. This includes rent (or mortgage payments), food and clothing costs, utility bills and monthly installment payments. Then add other expenses which you pay on a non-monthly basis, such as life insurance, dental and medical bills, and contributions to charity. Divide the total by 12 to ‘arrive at the amount you must set aside each month to meet these expenses. | Subtract the total monthly expenses from net monthly income. Then deduct a _ percentage for savings. Money-management ‘authorities suggest two. to five workshop on Sunday, August 16, 1970 at 2:00 P.M. Central City Community Center Gym 615 South 3rd East percent. THE AMOUNT LEFT is what a family has available to pay for purchases on credit. However, to avoid a serious strain on family finances, monthly payments should never exceed 20 percent of take-home pay. For instance, the Jones family, with a monthly take-home Baty,F pay of $500, about 75 percent of it taxes, food, clothing, utilities. If its credit payments account for spends or $375 on shelter and installment as much as 20 percent of $100, only $25 is left at the end of the month. Hence, if Make-up demonstrations Hair styling — Afro and straight : Fashion show — modeling demonstration Free beauty samples High Fashion Boutique & Afro Fashions & Products 11 South 3rd West _ Donation .50¢ Shirley Shields, Program Coordinator Salt Lake City, Utah 84101 Phone Sponsored by Wordpower Newspaper 355-9497 Artis & ‘Ruth © Rose |
