As always, lots of information flying by us this month. Here are the three articles that you shouldn’t miss!
Women make this big mistake when it comes to life insurance – I can’t tell you how many times I’ve seen this mistake. Many people were taught to only buy life insurance on an “income-producing” spouse. What about the new expenses created by the loss of a stay-at-home parent? Chores, child care, a need for (additional) therapy, and more fall on the remaining spouse.
Article Rating: 💔💰🙋♀️
Here’s how a lack of good, inexpensive day care rocked one woman’s career – This article highlights a big failing of our society right now – affordable child care. Through the story of one women, you see the sacrifices and challenges facing a single parent (though some apply to couples as well). The big quote for me: “Families shouldn’t spend more than 7% of their income on child care, according to a 2016 recommendation by the Department of Health and Human Services, but there’s no state in the country where parents can follow that recommendation.”
Article Rating: 👶🆘😪
Getting divorced cost this woman nearly $1 million in retirement savings — how to avoid her fate – Everyone knows that divorce takes a huge emotional toll, but it can take a huge financial one as well. The combination of lives getting more complicated, assets accumulating, and emotional damage can wreck the most solid financial picture. The article provides several good tips on how to be proactive and protect yourself in the event of a divorce.
Article Rating: 😢💸☔
I hope you enjoyed the articles!