Insurance is a financial tool that is used when you don’t have enough dollars in your emergency fund to cover the loss yourself. So what do you really need?
Once your high interest debts are out of the way, start saving for retirement.
I have learned over the years that it is often our insurance papers that get misplaced, or worse, tossed.
If you have retired early and to save money you got the least expensive HMO you could find it might not cover routine procedures if you are out of state.
Is mom adequately insured? Does she have too much insurance? Find the policies.
Every mom I know has stuff she has been saving for years. Now’s the perfect time to get her organized.
Gather up all those insurance policies and start sorting them by type.
If you were told to evacuate within the hour would you be able to gather up the kids, the important papers of your life, the baby pictures, the cat, sensible shoes and leave in an hour?
First step in helping mom figure out if she is adequately insured is finding the policies.
Sometimes we do the paper shuffle so frequently we lose some of our important papers!