Page 2 - AAA Northway – AAA Now! – Spring 2018

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Rainy Day vs. Emergency Funds:
Why They’re Different, Yet Both Necessary
even the best savings plan can
be interrupted when something unexpected occurs. establishing rainy- day and emergency funds will allow you to handle unexpected expenses that come your way. But what’s the difference between the two, and why are both necessary?
A rainy-day fund is money set aside for when random inconveniences strike. Automotive repairs, broken appliances, and last-minute travel emergencies hit when you least expect it; it’s important that you’re able to cover these costs without dipping into your checking account. you should try to set aside $1,000 - $2,000 for minor, unexpected events such as these.
An emergency fund is money saved to cover expenses if you find yourself out of work for an extended period of time. if you’re in-between jobs or get sick and can’t work, this fund can be used to support you. Building up around six months’ worth of income is a good rule of thumb, but you should save however much you feel is enough.
whether illness strikes or your “check engine” light comes on, it’s important to ensure that you have enough money saved to tackle the issue. to learn more about AAA savings, money market and CD accounts by Discover, visit AAA. com/Deposits.
Discover Bank, Member FDIC
What’s the Story with
Exchange Rates Found Online?
this is a question heard often from AAA members traveling to europe or anywhere else on the globe. Members may inquire about the exchange rate they will receive when purchasing foreign currency. Some members find exchange rates by searching the internet and newspapers. the rates published in the paper or on websites typically show the inter-bank exchange rates that are used for electronic transfers of $1 million or more. these are not the rates a member will receive when they purchase foreign currency for travel.
AAA offers competitive exchange rates on foreign currency that can be compared with rates displayed by local banks or exchange bureaus, and often are more favorable than those offered at an airport exchange.
order foreign currency for your next trip abroad at AAA.com/travelmoney or ask a
AAA travel Agent for more details.
AAA NorthwAy ANNuAl MeetiNg
the annual meeting of AAA Northway, inc. and election of directors will be held on tuesday, April 17, 2018 at the hampton inn, 450 State Street, Schenectady, Ny at 11:00 a.m.
you are invited to be present and cast your vote on the election for the following persons for a three (3) year term who have been duly nominated in accordance with the bylaws of the Club:
Margot J. Zeglis Jack Bieniek Raymond O’Conor
if you do not plan to attend the meeting, please sign and return the proxy form before Friday, April 13, 2018, so your vote may be properly recorded.
AAA NorthwAy iNC. Proxy
i (please print) ______________________________________, a non-director member of AAA Northway, do hereby nominate and appoint higgins, roberts & Suprunowicz my true and lawful attorneys, with power of substitution for me in my name, to vote as my proxy at any and all annual and/or special meetings of members of AAA Northway, inc., which shall be held prior to April, 2019, and at any and all adjournments thereof, upon any and all matters that the member non-director class is entitled to vote on which may be presented, considered and voted upon at said meetings, including the election of director(s), as fully and with like effect as i might or could have done if personally present, hereby ratifying and confirming all that my said attorney may do in my name, place and stead.
Any proxy or proxies previously given by me to any person or persons are hereby revoked. i reserve the right to revoke this proxy at any time by a signed, notarized document revoking the same which is delivered to the President or Secretary of AAA Northway, inc. this proxy shall remain in effect during the term specified, unless or until it is revoked pursuant to the foregoing.
Date: ________ Membership No. __________________
Signed: __________________________________________________ Associate Member’s Name: _________________________________ Signed: __________________________________________________
MAIL TO: Executive Offices, AAA Northway • 433 State Street, Suite 300, Schenectady, NY 12305
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SPRING 2018
Now!