Preparing an Emergency Financial Plan

Two years ago when the risk of avian flu was front and center in the media, I became very concerned about a pandemic and its effects on my family’s lives.  Many people wrote it off as too remote to worry about but I didn’t.  Instead, I spent several weeks devising an emergency bird flu plan, including acquiring food, medical supplies, back-up generator, communications, you name it.  Those preparations are still in place. Read more

The Fallacy of Using a HELOC as an Emergency Fund

Is a home equity line of credit (HELOC) suitable as an emergency fund as many suggest?  Some of today’s news confirms my belief that it clearly is not suitable.  Let’s discuss, shall we ….. Read more

Why You Need Disability Insurance to Protect Your Family

Most adults with dependent children have a basic appreciation of the need for life insurance to protect their dependents.  (Of course, many of these same adults purchase too much, too little, or the wrong kind of life insurance but that will be a topic for another day.)  What disturbs me is that all too often the need for disability insurance is completely ignored. This is dysfunctional money behavior by folks who should know better.
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