It can be a real drag if you are concerned about your family’s financial future. Money is not the root of satisfaction in life, but money certainly does buy a sense of stability if you have financial resources in the right place. Especially if your family runs into some emergency, it’s imperative that you have some economic backing behind you.
Specifically, you can consider three financial safety nets that your family may be able to use in the event of an economic crash of some sort. If a family member can apply for Social Security disability, that’s a substantial financial benefit. If you make sure that you have appropriate home insurance for your family’s house, that can prevent you from going bankrupt or losing everything if there’s a tragedy where you lose your house to some environmental incident. And what happens if someone in your family gets sick? Do you have health insurance that will keep you from going into severe debt?
Originally posted on April 10, 2019 @ 9:28 am