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Teaching your kids to save early will bring many benefits Continued from page 2t mug and mum money. " his [um ot goal could include savir1gfor a sehtclc or ptnlwt-(‘uudul'y cdura- lion. Izmnmugr your childrcu to “me duml their guals nu paper, I’hu amount In In- saved on a Ivgulur basis should be durum-d as well as. a deadline. by which the 'si" _ lugs goal should In: met. [his way. he or shot can munilur the magma bring made, Remunlmr Ihat it is "xtrenwly difficult In saw without establishing wmu'u goals. Indeed. saving in itself is a goal. For example. your child may decide to set aside it) or 15 per cent ol her Pay" cheque or allowance, If [his wrrkly or brwovk ly savings is runsislunl. then the gual is being, llll'L For this purpose, L-m'uurugc Four Child In 0pm a xavings account. Better yet. dclurminv il' your child is cliglhlc m am up an RM', All [hulk nu-dml Is a SIN numhvr. triuruad income and a tiled lax rvluru. Age Ps nul an issue, For syn-ml reasons, an Wil' is a green long-term savings whirlv " adoler (cum First, the novelty (If an HSI’ autumn mighl appeal In children and teenagers Anything to unruurugv (hum (0 mm: is u good thing. The point of filing a tax return is to create comrihu- tion mom. so that when your child begins earning more income, she will be able to car1trihute more to her RSP. If you're having a diffi, cult time persuading your children to save. consider giving them an incentive. Many employers match their employees" contribu- tions up to a certain per- mmage of their income Perhaps for Every dollar your child saves, you could contribute a dollar up to a certain amount, which you can determine. - Sharing this example with your children is benefi- cial __ even if they choose to spend their $l.000 on a fancy new mountain bike. So, the next time your child receives her pay- cheque or allowance. use one of the above sugges- tions to encourage her In save. The summer job may he short-lived, but leswns in saving will last a lifetime. FINE AUTOMOBILE BODY AND PAINT Mercedes Benz Dealer Authorized mm mm Original Paint nrgsttes Unsupasscd tkghetrt - FINE AUTO Inc " emu-I Dr. Kitchen-t 578-2052 job may be short-lived, but the lessons in saving will last a lifetime." PORSCHE JAGUAR Ml"ilElii MHEH "The summer Specializing In