I use cheap term life insurance to cover debts, and to take care of my wife,
kids and family expenses.
Not exact matches
Does your jaw drop when you see the effort
and expense that some
families dedicate to their
kids» birthday parties?
For years our
kids used old iPhones connected to wifi to listen to music
and playing games via apps so I think this is a great solution for
families with younger
kids who don't need the
expense of a newer device
and monthly service plan.
They realize there's a lot more sacrifice to come
and the list of areas they need to cut back is proving challenging: $ 20,000 on groceries («We've always used a grocery service because with Sheila's job we never had time to shop»); $ 10,640 for personal trainers («They come to the house
and put us through our paces»); $ 12,000 on clothes
and haircuts («Mostly for the
kids»); $ 6,000 on gifts («We have a large extended
family»); $ 10,000 for an annual
family vacation («Having the
kids visit Sheila's
family back home in Poland is important to us»); as well as $ 5,000 for miscellaneous
expenses («Mostly unaccounted - for cash withdrawals from ATM machines»).
«Might» as in the IRS will be happy to audit you, seeing the
kids went as well
and prorating the
expense as say 25 % was really business, the rest,
family vacation.
But even though basics like gas
and food
expenses continue to rise, financially - savvy
families can find ways to cut costs for their
kids»
expenses, from their baby years to their teenage years.
He suggests parents hand over their checkbook
and have their
kid cover all the
family's
expenses for the entire school year.
Don't worry about the
kids having too much fun,
and remember to track your
expenses, budget wisely
and save a little cash away for those less than sunny days when you have emergencies come up — that little nest egg could soon become another fun
family vacation to celebrate after a hard year's work!
A lucrative card for
families — especially those with school - age
kids — the Blue Cash Everyday card makes it easy to earn a substantial amount of cash back on everyday
expenses such as food, back - to - school clothes
and gas by offering 3 percent cash back on the first $ 6,000 spent at U.S. grocery stores, 2 percent cash back on department store purchases
and gas,
and 1 percent on other purchases.
One question I have is if I'm writing a
family travel blog
and my
kids are an integral part of the blog, can I deduct part of their travel
expenses?
A great card for
families — especially those with school - age
kids — the Blue Cash Everyday card makes it easy to earn a substantial cash back on everyday
expenses such as food, back - to - school - clothes
and gas by offering 3 percent cash back on the first $ 6,000 spent at U.S. grocery stores, 2 percent cash back on purchases at U.S. gas stations
and department stores
and 1 percent cash back on everything else.
She just had a funeral for her mother where her
family had to chip in to pay for final
expenses,
and she wanted to make sure her
kids were protected when she dies.
Life insurance is most often used to replace lost income if the breadwinner of a
family dies, to make sure mortgages, retirement,
and college savings are protected; once someone outgrows these financial obligations
and their
kids are out of school
and their mortgage is paid off, life insurance becomes an unnecessary
expense.
Money issues rarely fall neatly into a single category, so it's nice to see, for example, the recent 8 Major
Expenses for Your Toddler
and How to Save Money article fall under both the
Family & Home subcategory of
Kids as well as Money Management's Spending
and Saving.
From keeping official commitments, making EMI payments
and paying schools fees of
kids to bearing medical
expenses of the
family, life has become so complicated today.
If you are the sole breadwinner in the
family, you might be worried about how your
kids will complete their education
and take care of other
expenses.
Those who have older children
and have paid off the mortgage may need only enough insurance to cover burial costs, whereas those with young children
and large debts will likely want to purchase a policy that will allow for financially comfortable lives for their
families, including enough funds to cover college
expenses or trust funds for the
kids.
Life Cover - Your insurance should give your
family enough sum assured to take care of major
expenses like marriages
and higher studies of
kids, in your absence.
My fiance is 53 diabetic insulin, dialysis patient, smoker,
and lives home, not sure of his live span left, maybe a year or 2or3, but I need some type of final
expense or life insurance for him for I would like to have the proper funeral - burial, for him but there isn't much finance, him SSDI,
and I work
and support our 3
kids, so what would be the best choice for me, being able to afford something that would pay for this
and maybe some left to get (US) his
family by, without breaking the bank.
Figure in college
expenses for the
kids,
and protection from unforseen financial challenges that may arise,
and that $ 235,000 falls far short of what the average American
family needs to stay afloat.
If he gets killed in a terrible car accident from a careless driver, his savings account could be too limited to provide for his
family,
and his guaranteed policy might only cover a year of tuition
and living
expenses for his wife
and kids.
Because whole life policies have this investment
and return component (known as the «cash value» aspect of your policy), you can take out loans against your cash value balance to help supplement college
expenses for the
kids, or an addition to the house to accommodate a growing
family, to cite a few examples.
It can replace your income
and help pay for your home mortgage, college education for your
kids, provide for living
expenses, maintaining your
family's lifestyle,
and pay off credit cards
and other debt.
It not only provides mortgage protection, but the amount of coverage remains level, so your
family has additional funds to pay off your other debts, including credit cards, final
expenses and education costs for your
kids.
If you have
kids —
and all the extra
expenses they bring — Prime
Family can help you with savings on baby - related items.
* enabled needy birthparents to attend GED classes; * helped soften the blow of financial loss in the wake of disrupted adoption plans; * assisted with burial costs in cases of fetal demise; * offered assistance to Abrazo
families affected by hurricanes
and natural disasters; * sponsored Mother's Day mailings
and our biannual Homecoming event in honor of our loving birthmoms; * subsidized unanticipated medical
and equipment costs for
families with special needs
kids; * powered Santa's sleigh for the forwarding of donated Christmas stockings to indigent
families; * sent parents of special needs
kids out on much - needed dinner dates; * provided filled goody - bags for birthfamilies
and adoptive
families attending agency reunions; * sponsored an in - office wedding for a birthmom
and a birthdad who was about to deploy; * offset unexpected legal
expenses in contested cases; * subsidized Camp Abrazo costs for disadvantaged attendees; * enabled adoptions of hard - to - place children;
The Our
Family Wizard website is an effective, common sense way for you
and your co-parent to create parenting schedules, communicate important
kid - related items with your co-parent,
and make
and keep a record of shared child - related
expenses.
In this kind of
family, the
kids may be given too much freedom to make choices for themselves,
and typically the child gets whatever they want — even at the
expense of the parents» needs.
It works to simplify co-parent communication by breaking down different areas of conversation into four main features: a calendar for parents to use when talking about the
family schedule; an information bank to document all important details like insurance information, medical details,
and even the
kids» homework; an
expense log to record all shared parenting costs
and payments;
and a message board which in many cases is used sparingly because the other features already offer organized spaces for parents to be talking about the most important issues.