$
2018 FORD F150 4X4 CREW 300A
36,350 + HST, Fees & Lic
Finance for $247 OAC bi-weekly $1,500 down I 84m I 0.99% Lease for $105 OAC weekly $1,500 down I 36m I 20,000 kms/yr I 2.49%
905.945.4171 www.grimsbyford.com
Page 8 • News Now • Thursday, February 15, 2018
Free indoor skating Outdoor rink open
Day of Prayer cometh
Thank you Sponsors!
( weather permitting )
Free family racquetball
The financial race
court rentals
( call ahead to book, we have racquets )
Craft Station Town of Grimsby - Recreation Dept. 162 Livingston Ave. 905-945-1288 www.grimsby.ca
TownofGrimsby
GRIMSBY MUSEUM
The organizing committee for Grimsby’s World Day of Prayer – to be held March 2 at 2 p.m. at St. Joseph Roman Catholic Church, 135 Livingston Ave. Front (L to R) Cathy Park, Nancy Hodgen, Jillian Jones, Kathleen Zane and Nelly Baarda. Back: Jane Malgo, Lee Crampton, Maureen Crane, Dorothy Callaghan, Mary Smith and Christina Pleizier.
6 Murray Street 905-945-5292
museum-public@grimsby.ca
Become a member of The Grimsby Museum and help to ensure that our past has a future. Benefits of becoming a member:
Free admission to exhibits 10% discount on most gift shop purchases Advance registration Discounts on programmes and workshops Museum newsletter Discount on room rentals Access to other MONA museums (Museums of Niagara Association)
Corporate Members also receive:
Recognition in an annual newspaper thank you ad Recognition on corporate membership board
Annual Membership Fees (no tax or contracts): Individual Membership Grandparent & Grandkids Membership Family Membership Corporate Membership
$ 20.00 $ 30.00 $ 30.00 $ 80.00
Upgrade any membership and gain access to 1000+ museums and cultural/historic facilities all across North America with NARM (North American Reciprocal Museum Association) and ROAM (Reciprocal Organization of Associated Museums)!
No one starts a race without knowing where the starting line is. And no one successfully ends a race without knowing where the finish line is. The financial race starts with knowing what you own and what you owe. Today. We call it a statement of personal net worth. Saving is what we do during the race to get us to the finish line. And our retirement wealth target is the finish line. We’ve talked about the retirement wealth target and how to calculate that. Now let’s talk about the starting line. Today is the perfect time to create your statement of personal net worth. Your December 31st investment statements, RRSP statements, mortgage statements and all sorts of paperwork are arriving in the mail. Save each one and start a spreadsheet. In the first column write down the financial institution and number of the account. In the second column, write down the value of that account from your December 31st statements. If you have a spouse, create a third
column for them; if you own accounts jointly, you’ll have a fourth column. And the last column is the total of the numbers in yours, your partner’s and the joint columns. Don’t forget to list your debts like the mortgage, credit lines and even any income taxes you might owe for 2017. If you own a home and vehicles, you might want to check out what they’re worth too and put them on the statement. Go crazy and be as accurate as you can be. Now you know what the starting line looks like. We’ve determined our retirement wealth target and even calculated what we have to save each year to get there. Now set your goals for 2018. Make another list. How much do you need to put in your RRSP in 2018? In your spouse or partner’s RRSP? In your TFSA? In your emergency savings account? They say the best way to eat an elephant is one bite at a time. I have no plans to try it but financial goals are best accomplished one bite at a time. If you need
to contribute $12,000 a year to your retirement, that means $1,000 per month. Go on-line, visit your friendly bank or investment advisor and set up a pre-authorized withdrawal for your monthly contribution. Time it to come out the day after your paycheque goes in. If it’s not there you won’t be tempted to spend it. When December 31, 2018 rolls around create the next statement of personal net worth. And congratulate yourself when you see how much higher that number is than it was at the end of 2017. One bite at a time my friend. If creating spreadsheets and running mathematical calculations sounds intimidating, visit us and we’ll help you understand how this specifically applies to your life. We sell advice, not products. Delight Davoli is a Chartered Professional Accountant, a Chartered Financial Planner and a Registered Retirement Consultant with Southcott Davoli Professional Corporation.
P.O. Box 68, 76 Main St., West, Grimsby Ont. L3M 4G1 Tel: 905-945-4942 | Email: contactus@southdav.com