European Stars and Stripes (Newspaper) - March 15, 1991, Darmstadt, Hesse                                Friday March 15. 1991 the stars and stripes a Page 17s Money matters. Saving Money pays off. A compound interest is the eighth wonder of the world but it takes time to work a said David Geller president of Geller amp associates an Atlanta based financial planning firm. If you saved $400 a month and reinvested the interest it would be Worth $208,000 at 7 percent interest after 20 years. But your investment would be Worth More than $1 million if the savings plan continued for 40 years. So Start saving As Early As pos sir ble and commit yourself to a plan of consistent monthly investments. Conversion rates London up thursdays closing rates for the . Dollar to other currencies figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at $364.75 an ounce Silver at $4.15. March 13 March 14 British Pound 1.8555 1.8555 German Mark. 1.5728 1.5750 French franc. .,.5.3630 a 5.3600 dutch Guilder. A. .1.7708 1.7715 belgian franc.32.475 32.465 italian lira. 1,175.35 1,176.65 Swiss franc. .1.3580 1.3655 greek drachma. 169.33 169.50 turkish lira. .3,451.40 3,463.30 saudi arabian Riyal .,.,. ,.3.7503 3.7503 Spanish peseta .97.70 97.88 portuguese escudo136.30. 136 46 a Canadian Dollar,.1.1535 1.1525 austrian Schilling 11.0525 11.0450 norwegian Krone. ,6.1440 6.1420 danish Krone .6.0350 6.0375 these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.54 Friday based on thursdays noontime Price fixing. New York Exchange new York up the 15 most Active stocks in new York Stock Exchange composite trading on wednesday. Stock sales last net chg. Rwjr Nabisco i 4.276,700 10  blockbuster ent 4,056,400 12 i up 44 Mcdonalds corp. 2,696,600 35 Vuk up 1 i Varity corp. A a 2,259,500 244 unch Saa Tetli Saatchi 2,109,300. 1 % a unch. Philip Morns 1,999,600 67 Vuk up 1 i Laidlaw inc b 1,883,800 15 v4 up v4 get corp Hewlett Packard 1,877,600 32 i up 7/e 1,631,000 49 44 up i Pepsico inc 1,594,700 32 a a up 1 ism corp 1,504.400 129 is up 2 4 Heinz he co 1,439300 37 i. Up 1 Glaxo holdings1,376.700 37 a a a Oft i Exxon corp 1,321,100 57 i up 1 Natl Semi conduct 1,248,400 7 44 up i american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading wednesday. Stock sales last net chg. Wang labs inc b 3.833,900 4 Vuk up a Amdahl corp 627,600 1544 a unch Hll Haven corp. 440,300 244 up 14 Echo Bay mines435,100 9 up 44 Jan Bell mtg 361.500 9 via up 44 new York times 318,100 22 Oft a Hasbro inc. 292.900. 24 i up i heritage Media. 283,800 .4 a up i Dow chemical it 278,600 4 v4 up i Conti air Hodgs 266,100 3 i Oil �?T4 Dow Jones new York up a Dow Jones closing Range of averages wednesday a 30 industrials 20 transports 15 utilities 65 stocks High 2967 82 111707 213.91 1045.02 Low close 2910.89 2955.20 1097.14 1111.42 211.27 213 22 1026.50 1040.50 change up 32 68 off 1 06 up 0.57 up 6.50 teaching kids about Money can pay big dividends later by Randy a Mclain / a ses by Randy Ali Clain financial writer helping children learn about Money management at an Early age can help insulate them from severe financial hardship later in late consumer experts say. Most kids fit inclination though is to spend Mone a not save  a Imrch nth a responsibility to convince Chi Lirten it makes sense to be a regular Saver and smart spender. The National Center for financial education a san Diego based consumer group thinks it has devised some ways for parents to teach children the value of a Dollar without seeming to preach. Here Are their suggestions a As soon As children can count introduce them to Money. Then take an Active role and regularly talk to your kids about Money As they grow. Talk about economic values Money How to save it How to make it grow and How to spend it sensibly. Helping children learn the difference Between Basic needs wants and far out wishes can prepare them for making Good spending decisions when they re older. A explain and demonstrate the concept of earning interest on savings. Consider paying interest on Money the kids earn around the House doing chores. Have your children help calculate the interest earned so they can learn from it and see How fast Money accumulates. A when giving a child an allowance give the Money in denominations that encourages saving. For example if the child s allowance is $5, give them five $1 Bills and encourage them to set. Aside at least one of them. Also introduce . Savings Bonds to children. They Are still a Good  going to the grocery store is usually one of the first experiences with Money for children. The average american spends about a third of his take Home pay on groceries and household items. To help Young people understand where the financial planning literature several books and pamphlets designed to a teach children about financial planning and How to handle Money can be ordered trom the National Center for financial education in san Diego. Included Are Quot Money management for children Quot a three Book set featuring lessons on Money management for kids in grades Throe through seven. The set features the Quot personal Money Book Quot which teaches financial skills and the value of Money the Quot family Money Book Quot which helps kids understand family budgeting and the Quot Money manager Book Quot which guides children through the budgeting process. Cost $5. Quot How to understand economics in one hour Quot a 117-Page paperback Book that s designed to teach Basic economic concepts and personal financial planning. The Book is illustrated and easy to understand. Cost $4. A Quot about your future financial planning will make the difference Quot a Book aimed at High school and College students interested in the value of investing. The Book includes 44 financial planning Case studies. Cost $11.95. For More information Contact the National Center for financial education Money books for children . Box 34070 san Diego calif., 92163-0740. Or Call the organization at 619-232-8811. Money goes try the following lesson. Demonstrate How to plan a meal before going to the commissary. Then Check to see what items Are on Sale and which ones have coupons attached that can yield savings. Also include a lesson on How to keep leftovers for use the next Day. A take children with you to other stores and explain to them the purchases you plan to make in Advance. This will help a child understand the purpose of Money and it also might help the adult shopper avoid buying unneeded things. A allow Young people to make spending decisions that Are both Good and bad. Also encourage a discussion of the pros and cons of certain purchases before the Money is spent. Encourage kids to use common sense in stores. A show children How to evaluate ads ass Sharon Kilday on to radio and in the newspaper. Will the product really do what the commercial claims Are there alternative products available that do the Job As Well or better and Cost less remind the kids that if something sounds too Good to be True it usually  Alert children to the risks of borrowing Money and paying it Back with interest. Make Small Loans to your kids and charge them a Little interest so they learn quickly How expensive it can be to borrow someone else a Money. A establish a regular schedule for discussing finances spending and How to live on a budget at Home. T his can be especially helpful for younger children it can also be the time when they count their savings get paid interest and watch their Money grow. European travel outlets reporting surge in business from americans by Norm Zeigler travel outdoor writer european travel companies dependent on the american military Market Are experiencing a surge in business now that fears of iraqi sponsored terrorism have subsided. Brigitte Colantonio the owner of top Tours in Kaiserslautern Germany estimated that her firms business was Down 60 percent during the Gulf War forcing her to put most of her staff on part time hours. The company a daily bookings have tripled however since the wars end. Penny Larson who directs advertising and Public relations for enjoy Tours another bus tour company based in Kaiserslautern said her firm also experienced a decline during the War. But a was soon As the announcement came out about the ceasefire the phones started ringing a she said. Colantonio expressed optimism about the upcoming season noting that a now with people getting Spring fever they Are going to go  still she doubts her company will do better than 70 percent of last years business because tourists Arentt yet flocking to Europe from the United states. On base travel outlets experienced similar problems during the War. Gisela Haugen who runs the information ticket and Tours offices at Ramstein and to Jelweh Germany said seven workers almost half the staff were Laid off in the Early stages of the War and the Vogel Weh office was closed. The Overall drop in business was about 60 percent she said. The Jaid off workers have now been called Back and the Vogel Weh office has reopened. Haugen estimates that business is now 30 percent to 40 percent above the same time period last year. Carmie Burke a supervisor at the itt Center at Ramstein a Germany said her office started experiencing a surge in business even before the end of the War. The upturn began about feb. 14, before the presidents Day weekend and was fuelled by the Many reservists in the Ramstein area most of whom had never been in Europe before Burke said. The state department on monday cancelled its 7-week-old notice for travellers to be Alert for terrorist activities. Officials said however that americans should remain cautious. The us. Airline Industry which was dealt a severe blow by the War and the deployment that led up to it is just beginning to Bounce Back after two months of hard times officials said. Trans Atlantic traffic on . Airlines for example dropped 26 percent in january and More than 50 percent in february according to a report compiled by the air transport association of America. The report presented to Congress a week ago blamed fear of terrorism for the decline. It also acknowledged that the . Recession has been a Factor. Robert l. Wyatt assistant managing director for scheduled airlines travel offices overseas the army son base travel firm in Germany said Revenue for satos Leisure travel division was off a about half during the War. However he could not provide exact figures on the losses Wyatt added that the cease fire prompted an immediate upturn in Leisure sales. A once things Are More Back to Normal we re going to have a great surge a he  primary purpose of travel has never changed. Its relaxation diversion and Relief from the daily  Wyatt said the Peak travel season will Likely last longer this year As soldiers returning from the Gulf take vacations and plan trips with their families