Comments on: 5 Financial Tips for Expecting Parents http://www.mint.com/blog/saving/5-financial-tips-for-expecting-parents/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sun, 12 Feb 2012 05:07:51 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Guy http://www.mint.com/blog/saving/5-financial-tips-for-expecting-parents/comment-page-1/#comment-41284 Guy Wed, 28 Oct 2009 22:02:32 +0000 http://www.mint.com/blog/?p=2744#comment-41284 Inflation can essentially take the "muscle" right out of your future purchasing power. It may similarly affect your life insurance, triggering the need for additional coverage to help protect your current lifestyle and future objectives. In the interest of protecting against the eroding effects of inflation, here is a quick look at three common reasons to strengthen your life insurance coverage: Home mortgage costs. The days of staying in one home forever may be long gone. Americans seem to be constantly on the move—perhaps the increased mobility may stem from factors such as greater employment opportunities, dual incomes, and changing family dynamics. These factors may be contributing to today's growing trend of purchasing "more" house than in the past. Likewise, escalating real estate prices have translated into larger mortgage loans. So, if you have recently purchased a home, you may consider obtaining additional life insurance to help cover your new mortgage. College tuition bills. If you are planning on sending your children to college, you may be concerned about the rising costs of higher education. For the school year 2006–2007, the average annual cost of a four-year private college increased 5.9% from the prior year to $22,218. The average annual cost for a four-year public school was $5,836, which increased 6.3% from the previous year (The College Board, 2006). Because of rising costs, it may be prudent to develop a contingency plan, such as utilizing life insurance in the event of an untimely death. Having this coverage in place can help ensure the educational funding will be there for your children even if you're not. Everyday expenses. Groceries. . . gas. . .movies. . .family vacations. . .or home improvements. Whatever the outlay, inflation will greatly affect the costs associated with maintaining your family and lifestyle. And, if your life insurance needs are based on your current income and today's cost of goods and services, you may potentially short-change your family's future. Your insurance strategy should include an assessment of both your current and future needs, as well as objectives to help you manage these expenses. Staying Ahead of the Game Determining your current and future life insurance needs may require you to pay careful attention to inflation and its potential effect on your lifestyle objectives. You may want to consider battling this erosion factor by reviewing your insurance coverage annually to help ensure your life insurance policy remains a contender in the continuous fight against inflation. Get free term life insurance quotes at www.termco.com. Inflation can essentially take the “muscle” right out of your future purchasing power. It may similarly affect your life insurance, triggering the need for additional coverage to help protect your current lifestyle and future objectives. In the interest of protecting against the eroding effects of inflation, here is a quick look at three common reasons to strengthen your life insurance coverage:

Home mortgage costs. The days of staying in one home forever may be long gone. Americans seem to be constantly on the move—perhaps the increased mobility may stem from factors such as greater employment opportunities, dual incomes, and changing family dynamics. These factors may be contributing to today’s growing trend of purchasing “more” house than in the past. Likewise, escalating real estate prices have translated into larger mortgage loans. So, if you have recently purchased a home, you may consider obtaining additional life insurance to help cover your new mortgage.

College tuition bills. If you are planning on sending your children to college, you may be concerned about the rising costs of higher education. For the school year 2006–2007, the average annual cost of a four-year private college increased 5.9% from the prior year to $22,218. The average annual cost for a four-year public school was $5,836, which increased 6.3% from the previous year (The College Board, 2006). Because of rising costs, it may be prudent to develop a contingency plan, such as utilizing life insurance in the event of an untimely death. Having this coverage in place can help ensure the educational funding will be there for your children even if you’re not.

Everyday expenses. Groceries. . . gas. . .movies. . .family vacations. . .or home improvements. Whatever the outlay, inflation will greatly affect the costs associated with maintaining your family and lifestyle. And, if your life insurance needs are based on your current income and today’s cost of goods and services, you may potentially short-change your family’s future. Your insurance strategy should include an assessment of both your current and future needs, as well as objectives to help you manage these expenses.

Staying Ahead of the Game

Determining your current and future life insurance needs may require you to pay careful attention to inflation and its potential effect on your lifestyle objectives. You may want to consider battling this erosion factor by reviewing your insurance coverage annually to help ensure your life insurance policy remains a contender in the continuous fight against inflation. Get free term life insurance quotes at http://www.termco.com.

]]> By: Joseph http://www.mint.com/blog/saving/5-financial-tips-for-expecting-parents/comment-page-1/#comment-33724 Joseph Thu, 30 Jul 2009 00:26:39 +0000 http://www.mint.com/blog/?p=2744#comment-33724 Just don't have babies. It's been scientifically proven that people are happier without them Just don’t have babies. It’s been scientifically proven that people are happier without them ]]> By: Ruth Stroup http://www.mint.com/blog/saving/5-financial-tips-for-expecting-parents/comment-page-1/#comment-32680 Ruth Stroup Fri, 03 Jul 2009 12:42:57 +0000 http://www.mint.com/blog/?p=2744#comment-32680 My circle of friends and clients all seem to be having babies. I tease them that it's the economy. You know, other forms of entertainment, like going out to dinner and a movie cost too much, so people stay home and snuggle, and voila.. 9 months later, a child appears in their life and budget. A friend said "babies make money"; I think she meant that babies make our priorities clear, and I think that's true. Thanks to MINT.com for this simple straightforward advice. My circle of friends and clients all seem to be having babies. I tease them that it’s the economy. You know, other forms of entertainment, like going out to dinner and a movie cost too much, so people stay home and snuggle, and voila.. 9 months later, a child appears in their life and budget. A friend said “babies make money”; I think she meant that babies make our priorities clear, and I think that’s true. Thanks to MINT.com for this simple straightforward advice. ]]> By: Dwayne Hoover http://www.mint.com/blog/saving/5-financial-tips-for-expecting-parents/comment-page-1/#comment-32422 Dwayne Hoover Tue, 23 Jun 2009 11:39:32 +0000 http://www.mint.com/blog/?p=2744#comment-32422 These are all very true. Another thing to add, create a will if you don't have one and make sure that you express who is to take guardianship of your child if anything were to happen. These are all very true. Another thing to add, create a will if you don’t have one and make sure that you express who is to take guardianship of your child if anything were to happen. ]]> By: Tiger http://www.mint.com/blog/saving/5-financial-tips-for-expecting-parents/comment-page-1/#comment-32415 Tiger Mon, 22 Jun 2009 23:36:09 +0000 http://www.mint.com/blog/?p=2744#comment-32415 If this article published by eHow or about.com type info portals then it would have been okey but common where is the flavor of mint in this article. This article adds noise in the topic. If this article published by eHow or about.com type info portals then it would have been okey but common where is the flavor of mint in this article. This article adds noise in the topic. ]]> By: Kaitlin http://www.mint.com/blog/saving/5-financial-tips-for-expecting-parents/comment-page-1/#comment-32380 Kaitlin Sat, 20 Jun 2009 21:12:44 +0000 http://www.mint.com/blog/?p=2744#comment-32380 So many people don't think about the financial aspect when they plan to have a child, but it's all important, especially now. sahmanswers.com So many people don’t think about the financial aspect when they plan to have a child, but it’s all important, especially now.

sahmanswers.com

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