Is It Better To Buy Life Insurance or Fund Your Retirement?

An Important Choice-Buying Life Insurance

WHICH CHOICE IS BEST FOR YOUR SITUATION?   There is only so much money to go around right? We all have things competing for our hard-earned dollars. Often we have debt, medical expenses, food, shelter, kids, and a hundred other things that all require some amount of money to keep them afloat. But when it comes to protecting yourself by buying life insurance or funding a retirement that is 30 years away, the decision on which is choice makes more financial sense deserves some deeper thought.   Buy Life Insurance Or Invest For Your Future?   If you have kids, a spouse, a mortgage, or other financial commitments you need to ensure that money is available in the event that you unexpectedly die. Where would this come from? Well, a life insurance policy is the best choice if you are under the age of 50 and don’t have liquid money to cover your debts and care for your loved ones. Perhaps the best way to consider the need for life insurance is actually based on your age. For this reason we will go through some typical stages of life, and determine what if any, life insurance should be purchased. You […]

Will signing a room rental agreement feel like moving home?

room rental bedroom

BEFORE RENTING A ROOM……   Signing a room rental agreement could feel like you are moving in with your parents but it could be worse, you could be moving in with Sheldon Cooper. Although renting a room is a great way to save money in the budget it also comes with pros and cons but it’s best to do your homework first before signing on the dotted line. Not all families or couples are the same so like the homeowner who may interview you to see if you are the right fit to move in you want to do the same. If you are someone who likes to live in clean, quiet environment then search out rooms for rent that fit that description. If you don’t mind kids and pets you can easily find a room for rent because lots of families are looking to supplement their income if they have a spare room in the house. Kids are costly after all. Today I have a fan question that came in that I was easily able to answer since I’ve been in his shoes before. I’m happy when the fans do their homework because not only are they saving themselves […]

Driving distractions and making your own rules of the road cost

driving car

NOT USING COMMON SENSE COSTS   Driving a vehicle takes skill and that’s why in Ontario a licence is not handed to you on a silver platter. If you factor in the cost of purchasing a car, obtaining auto insurance and licence plate stickers, just owning a vehicle can be expensive. Add in the cost of getting your driver’s licence, renewing it every five years, gas to be able to drive your vehicle as well repairs and regular maintenance and the cost of driving quickly goes up. So if owning and driving a car takes up a significant chunk of our budgets, why do some of us choose to make driving even more expensive than it already is? While these expensive choices eat away at our budgets they are often also unsafe.   Distracted driving   With the wide use of smart phones these days, distracted driving is most often referenced as ‘texting and driving’. Even though texting is what we most often hear about, it is not the only thing that classifies as distracted driving. Having two kids in the car can be a distraction I will admit, it’s hard to ignore. Sometimes they get upset because I can’t […]

How a recent car accident opened my eyes

car-accident-Ontario-picture

CAR CRASHES CHANGE YOUR LIFE   I was reading statistics on car accidents recently that says most drivers will be involved in at least 2 car accidents throughout their lifetime.   At the age of 31 I now fall into this statistic, being involved in my second car accident just a couple weeks ago now. I am hoping it will be the last. Being an experienced driver with over 14 years on the road neither of the car accidents I was involved in was I behind the wheel. I was the passenger both times and that has changed the way I feel about being a passenger. Read on. My first car crash was when I was 15 and was unavoidable. What happened was that some local livestock got loose from a farm and the dark country roads made for a crummy ending to my mother’s and my day. The most recent car accident I was involved in could have been avoided and was caused due to inexperience and panicking due to poor road conditions. Both car accidents have left me a cautious driver behind the wheel but the lack of control being a passenger in a vehicle has left me […]