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Whether you ‘re in your first year or last, it’s not too early to

start thinking about money —

and how to keep it.

“Keeping it is the hard part, especially the first two or three years after graduation,” says Brian Cunliffe. a stockbroker who repre- sents the Canada Savings Bond Payroll Savings Plan. there'll be student and for almost everyone, the cost of just getting a job and setting up housekeeping.

“That's where Canada Savings Bonds come in. More than 16,000 government depart-

“For many. loans to pay off

companies, ments, associations, hospitals, etc., offer the CSB Payroll Savings Plan to their employees.”

Under this plan, employees are given the opportunity to purchase Canada Savings Bonds in instal- ments.

"For about $20 a week,” says Cunliffe. “you can save $1,000 a year. It’s only a small amount off

every pay cheque and after a while you barely miss it — but these small amounts add up.

“Best of all, you can redeem them for instant cash on any busi- ness day at any financial institution anywhere in Canada . . . and while you keep them, they earn a competi-

nd how to keep it

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tive rate of interest — in most cases, they almost double in value if you hold them until maturity.”

They're also guaranteed by the Government of Canada, making them one of the safest investments in the country, he notes.

Average purchase on the CSB Payroll Savings Plan has been creeping up every year and now stands at more than $1,500,

"Saving $2,000 or $3,000 a year for a few years can amount to quite a nest egg — enough for the down payment on a home.

"In fact,” he added, "the CSB Payroll Savings Plan is how many parents have been able to save for theif children’s education. Perhaps yours was, too.”

You can also buy Canada Savings Bonds for cash at any bank, trust company or credit union for as little as $100. This year’s sales period runs from Oct. 19 to Noy, 1.

"Whatever the case, many people make Canada Savings Bonds an integral part of their financial planning... even while in college. It’s never too early to start."

Thank you “Tim Horton Donuts”

University Avenue

for your donation

during the ARCUP conference

on October 6,7 and &

From the editor and staff of the Gem

A special thank you goes out to “Mister Donuts”

364 University Avenue

for their very kind donations during

the Atlantic University Press (ARCUP) conference

at

UPEI on October 6,7 and 8

=== Thursday, October 12

1989