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Tag Archives: buying life insurance

6 Money Moves You Should Never Ignore

  Rather than sit back and wait for your financial situation to improve, there are things you can do to get your money back on track. Maybe you fear a financial emergency because you don’t have a savings account, or maybe you need a guide that discusses your insurance options. Learning to live by these six money rules can give your personal finances a much-needed overhaul. Don’t buy to impress others If your friend bought a new house or a new car, this doesn’t mean you should go out and make the same purchase. Trying to keep up with your friends may feel good, but if you check your bank account or credit card statement and cringe, the joke’s on you. The best thing you can do for your personal finances is live within your means. In other words, establish a budget – a realistic budget. Determine how much you can afford to spend on housing, transportation, food, etc., and be content with the things you have. You’re as wealthy as your lifestyle. Pay off debt Stop convincing yourself that debt is a way of life. There are many who live a relatively debt-free life, and you can be one ...

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Have You Had The Life Insurance Talk?

If you’re like me, you think about living to a ripe old age, where your days will be spent telling the grandkids about the olden days when you had to type on actual keyboards, uphill, through the rain to get any work done. No one wants to think about the alternative. Realistically, you never know when your time is up. Because life is uncertain, you need to have the life insurance talk with your significant other today. When Do You Need Life Insurance? Its a judgement call, but I think there are several instances when you absolutely can’t do without life insurance. If you have dependents who rely on your income to live, you need life insurance. If your income helps pay the monthly bills, how would your family fare if that income was suddenly taken away? You don’t want your spouse to worry about how to feed the kids, especially when dealing with grief. If you have a mortgage, I think it would be wise to have enough coverage to pay it off. That way, your family won’t have to worry about losing their home. If you own a business that needs working capital generated by you, I think ...

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