Possible Personal Finance Actions
Possible Personal Finance actions
If you have assets and dependents, you should have a will. No Lo has a nice WebApp-based service for $70, or a Cd-Rom with Word Processing files for customizing, for $25. (Jihi and I used their software in 1999 for our first wills, having had Number One Son in 1998.)
Anyone in the household, having an income on which other people are dependent, should have Life Insurance. (Children, being net-expenses, should not be insured, regardless of what the scamsters of Gerber tell you.)
In case you and your spouse die together: you should have a financial custodian/trustee who's different from the guardian who will raise the children.
you also want to name a back-up person for each role, in case the primary person dies or is unable to serve
if the guardian lives far away, you may want to name a temporary guardian who's near-by. (Are the kids going to move in the middle of a school term?)
Pay down Credit Card-s; change credit cards
Pay down Student Loans
Pay into 401k, IRA
Pay into other PayrollAccounts: HealthCare, etc
Make household budget. Study actuals. Track actuals ongoing.
Avoid your parents' Estate Tax: trust, 529c, etc
Join Automatic Savings Program; increase savings reserve
Make other Financial Investment-s
- stocks, Mutual Funds, etc
Protect your records from loss/damage.
Make Real EstateInvestment
Start Free Lance work
Start Side Line Company
Buy a Franchise
Edited: | Tweet this!