Friday, February 19, 2010

Are you on top of your financial situation?

Are you and your spouse adequately covered by life and medical insurance? How much debt are your carrying? What type of savings or investments do you have to carry you over if you encounter tough times? If you cannot answer these questions, you are tempting fate.

Promise yourself you will sit down this weekend with your spouse, or with a financial planner if you are on your own, and discuss all aspects of your financial health. The situation is not about you. It is about your children and their quality of life if something happens. It is not being morbid, it is being financial responsible. Establish a plan so you can sleep at night knowing that you and your family will be provided for if your income is cut off if misfortune happens.

Don’t wait until your financial DNA has to be put on life support.

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