Cover Your Rear

Once you’ve paid off your debt and taken control of your financial life, it’s time to take a deep breath, look at what you have, and take the necessary steps to protect it. When we are trying to get out of debt, it is forgivable to ignore the “should do’s” until we can get our heads above water. It doesn’t make much sense to save for a new car when you haven’t paid off the one you have. But once you are back on solid footing, it’s time to cover your rear and make sure you don’t fall back into old habits or get caught reacting instead of acting.   Your Family If you purchased your own home, I’m sure you have household insurance to protect your dwelling and its contents, so you might start to think about protecting your family in case of a natural disaster or emergency. If the power is out for two weeks, your insurance agent isn’t going to stop by to feed you. Take a hundred bucks or two and go to the grocery store and buy two weeks of food and water for your family. Estimating how much food you may need is easy, … Read more