European Stars and Stripes (Newspaper) - September 11, 1991, Darmstadt, Hesse                                Page 18the stars and stripes wednesday september 11,1991money matters tips help build savings despite limited income by Julius Westheimer the Baltimore evening Sun is your a Money at work a stretching As far As you would like today we list some suggestions a supplied by the readers of the financial publication ticker a designed for people with limited financial resources a in grocery stores ask for Coupon savings in Cash rather than have cashier deduct them from your total. Place the Money immediately in the Bank. In last four months i saved $591 that Way a not bad for spending $140 a week for ourselves and eight children a Linda Johnson. A most frivolous spending is for fast food. Buy your food at the grocery store and Cook it at Home. Also be wary of High pressure people Selling you junk Bond funds Etc. Conduct research before you buy a Steven James. A instead of delivered pizza buy ready made crusts and other ingredients at the grocery store and make your own. Save $200 a year a Stan Modjesky. A Start each Day with folding Money Only. Clear All coins into a Piggy Bank and Deposit them regularly a Drew Carberry. A when you reach a minimum amount for a growth Mutual fund invest that amount and watch it grow and grow a Ralph Edwards. A Roll spare coins Bank them or buy be savings Bonds. Since our daughters birth in 1986, we saved $800 with just coins toward her education. Hope it will buy one Book by then a Judy Stringfield. A everybody seems to have just enough to get by so live like someone with 10 percent less income save the difference. Have broker deduct fixed amount every month painless Way to save. At 10 percent interest a 25-year old will have 6,324 times his monthly investment at retirement a Joseph Cotton. A when using coupons done to take the wrong sized product just to get the Best Deal. Do arithmetic in the store. Mso done to use automatic Teller machines. Find Banks that done to charge for this a Robin Sanders. A educate yourself about investments. Read Money books and magazines in libraries. Money Magazine is excellent for its Case studies. Think about Good ways to make Money instead of concentrating Only on saving it a Frank Blatt. A monthly deduction into an Ira Mutual fund should work very Well. Select a fund that Best meets your objectives and hold it Long terms a Vernon Tyler. A do part time work. I secured the following jobs by answering newspaper advertisements demonstrating Cam eras taking store inventories evaluating restaurants you get a free meal organizing trips Etc a Winifred Davis. A today people seek instant gratification. But my advice is create a budget you can live with done to live on credit cards keep some Money in savings and be patient a we done to need instant gratification a Susan Tayman. A average wage earners cannot afford to retire. And we must use creativity to develop additional income sources a cooking sewing cleaning typing ironing Etc. This Way we also gratify a personal desire of achievement a Maggie Henry. A have your eyes and mind Alert to educate you for the business world never make Hasty investment decisions a Mildred Tavik. Quot decide what is a need is. What is a want a Patricia Hannan. Boston offers to Annex take charge of Cash strapped City from wire reports Boston a the City of Boston offered monday to take Over neighbouring Chelsea As that bankrupt City sought a state appointed receiver to Rescue it from the fiscal mess that has kept schools closed and threatened City workers paychecks. Boston mayor Raymond Flynn said monday he would support his City a annexing Chelsea if that a what Chelsea residents desire. But Flynn criticized the residents for failing to authorize tax increases to pay for needed services. A a in a Only consider it if it had the support of the people of Chelsea a Flynn said of annexation. Chelsea faces a $9.5 million deficit in its $40 million fiscal 1992 budget. A report released by the state last week said the City would produce deficits of More than $10 million annually in a the foreseeable future unless conditions change. City workers and teachers face a pay less payday today in the financial crisis that has kept schools closed for Chelsea a 3,700 students. Under annexation Chelsea a separated from Boston proper by the Tobin Mystic Bridge a would become part of Boston and its 34,000 residents would receive the same services provided to Bostons population of about 700,000. The idea of annexation received support from one Chelsea official. A we think annexation is the Only permanent solution to the City a problem a said Chelsea police Union president Robert Griffin. A Bill to have a state receiver take Over operations in Chelsea is expected to be taken up in the Senate today. The Bill filed by gov. William Weld would replace Chelsea a mayor with a Weld appointed state receiver and make All elective offices in the City advisory. But the appointment of a receiver would Likely face a Legal Challenge. A a they be abolished the City of Chelsea and they Haven to asked the people what they think about it a said attorney Michael Powers who has been hired by Chelsea aldermen to fight receivership. A Chelsea has been a municipal entity since 1737. Then overnight they move to abolish it. In be never heard of anything like it in my life Quot he said. Senate president William Bulger also has opposed receivership proposing instead that Chelsea a mayor and aldermen be allowed to override the states property tax limiting Law without voter approval. Chelsea mayor John Brennan has been pushing for receivership saying City residents have refused to allow him to raise property taxes and Union contracts have prevented attempts to Cut the City a payroll. A state receiver would be Given extraordinary control Over the City a finances including the ability to a a revisit existing Union contracts. Under the Bill the receiver would not Bey Able to raise taxes or other revenues. Chelsea a school superintendent Peter Greer answers questions about the City a finances which have kept classrooms  or miserly exploring Yankee frugality by Tony Rogers the associated press Boston a new Hampshire auctions Road kill. A Connecticut Church paid for a new Organ by hawking Pigeon droppings from the Belfry. Ana a Vermont Mother of 16 braided a Rug a of plastic bread bags. New England frugality is legendary and Yankee Magazine devotes its entire september Issue to the topic with columns tips and even a frugality contest. First prize a some expenses paid trip to the Road kill auction. Managing editor Timothy Clark said the Magazine has had special issues every september for about five years. A last year we did sex in new England a very thin Issue a he said. This year with the Economy in a quagmire editors of the monthly based in Dublin n.h., decided an Issue devoted to Thrift Ness was in order. A if there was Ever a time we needed new England frugality this is it a Clark said. A we wanted to explore whether its a myth and see what examples we could  there a brother and sister Dick Chasse and Ramona Clavette in Connecticut who have been exchanging the same Christmas card for 37 years. Or Charlie Macarthur up in Maine an advocate of Energy self sufficiency who built a car that runs on Chicken fat and a Furnace that Burns dirty diapers. Then there was the a Dit who robbed $4,000 from a Bank in Connecticut and spent 75 cents to make Milfs getaway on a City bus. New Hampshire raises $2,000 a year auctioning the pelts of Road kill. The states health department saved 10 times that amount by using a urinalysis machine designed for horses at the Rockingham Park race track for people instead. That backfired when one person was mistakenly diagnosed As having Equine encephalitis a disease that afflicts horses because of mixed up urine Sam Ples. When members of the Trinity episcopal Church in Hartford conn., needed to restore the Church Organ they organized the Pigeon poop brigade cleaned droppings from the Bell Tower and sold the stun As fertilizer for $1 per Pound. Rosa Patoine of Hardwick vt., collected 545 discarded plastic bread bags Cut them into strips and braided a Rug that won first prize at the county fair. Thrift Ness runs in the blood of new englander and is extolled by Yankee authors. In Walden Henry David who Reau exhorted readers to West simply and economically so they could a live deep and suck out All the marrow of life.  Lydia Maria child s the american frugal housewife published in 1828, advises that ear Wax can soothe chapped lips and pig Heads make Good cheap eats especially the Cheeks. Clark theorizes that new englander grew Thrifty because of their unyielding environment. A a it a not the greatest Farmland in the world a Clark said. A the growing season is Short and natural resources Arentt abundant. So an ethic grew up about not wasting  of course there a a Fine line Between Thrift Ness and being a Tightwad and the Magazine recounts some infamous misers. Child stepped Over the line when she wrote a it is a great Deal better for the boys and girls on a farm to be picking blackberries at 6 cents a quart than to be wearing out their clothes in useless  multimillionaire Hetty Green of Vermont spent so much time looking for a free clinic after her son was Hurt in a sledding Accident that the boys leg had to be amputated. Clark who once spent $2 for a suit said he thinks the rest of the country might have strayed too far from the frugal values Yankees hold dear. A new englander Are proud of saving a Buck a Clark said. A maybe we could use some More of that