Monthly Archives: March 2012

Purchasing Life Insurance on a Budget Modest Money29 Comments

The following is a guest post by Betsy Fallwell. If interested in submitting a guest post, please read my guest posting policy and then contact me.

I’ll admit that sometimes I look at our life insurance payment each month as a waste. However, life insurance does play a critical role in many financial game plans, especially for young families.

So, how can we minimize our life insurance costs without compromising its crucial function?
Here are 6 keys:

1) Buy only the amount of coverage you need. You aren’t trying to win the lottery in the event that you or your significant other dies unexpectedly. Your goal is to cover existing expenses and maintain your current lifestyle. Use this life insurance calculator to determine how much you need. By purchasing the correct amount of coverage, you can ensure that your family is protected without unnecessarily high monthly premiums. If you are single and have coverage through your employer, you may not need to purchase any additional coverage. If you are the primary breadwinner and have several children, you could easily need coverage in excess of one million dollars.

2) Buy term insurance only.

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By : Adam | 30 Mar 2012
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Starting A Side Business

By : Jeremy Biberdorf | 28 Mar 2012

So far on my blog I’ve been focusing on general tips to save money and some of my personal financial mistakes. Maybe I’m just a pessimist and have been focusing on the negative. This week I’ll switch it up a bit and share a bit …

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End of March 2012 Blog Update

By : Jeremy Biberdorf | 26 Mar 2012

Well normally I try to do these update posts towards the end of the week. Lately I’ve just been trying to figure out how much time I can commit to this blog and still maintain balance in other areas of my life. I’ll try to …

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Folly Of Paying Someone To Cook For You

By : Jeremy Biberdorf | 21 Mar 2012

As I start preparing my income tax documents for last year, I have been struggling to come to terms with how I managed to waste so much money. Not only did I manage to spend a lot of money, I also have very little to …

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Mid March 2012 Blog Update

By : Jeremy Biberdorf | 20 Mar 2012

First off, thanks for everyone who has supported me with my decision to step back a bit from blogging. I’ve been getting a lot of great advice, both through the comments here and via e-mail. This was not announced as a long term decision though. …

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Cutting Back At Modest Money

By : Jeremy Biberdorf | 14 Mar 2012

Lately I’ve been thinking a lot about the direction my life is going. After such major changes, I guess that’s only natural. During this shift in my life, I initially found it quite therapeutic to share some of my thoughts and feelings on this blog. …

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The Psychological Benefits of Living Modestly

By : Adam | 12 Mar 2012

Rick who blogs at Invest In 2012 is honored to be featured here as a guest blogger! As media has shown us, the rich don’t necessarily live happier than the poor. I like to think of it like this. “Someone who’s rich might not live …

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