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re: What grade do you give your personal finance skills?

Posted on 11/22/13 at 4:06 pm to
Posted by dlmast87
Amish Country
Member since Dec 2007
1941 posts
Posted on 11/22/13 at 4:06 pm to
Debt: A.... debt free! (rent)

Budgeting: B.... I have things set up with mint.com and follow it pretty closely but could do better.

Long term: C-.... maxed out both of our Roths, but only contibute the max my company will match. Hope to increase this. No kids so no 529.

Life Insurance: N/A I think I'm too young to look into this so not applicable.

Real Estate: N/A I don't have any real estate investments at this time nor do I own a home. We plan on building in a couple years.

Overall: B-
Posted by southernelite
Dallas
Member since Sep 2009
53178 posts
Posted on 11/22/13 at 9:19 pm to
quote:

Life Insurance: N/A I think I'm too young to look into this so not applicable.



How old are you? Are you married or anything?

It wouldnt be a bad idea to at the very least have some insurance so that your family can afford to bury you and all that.

I'm 25 and I have a $250k term policy. My parents pay the premium ($30/mo) are the beneficiary so that if anything were to happen to me, it essentially pays off the little debt I have and my vehicle, and they'll be able to bury me with indebting themselves.
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