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

Posted on 11/22/13 at 9:19 pm to
Posted by southernelite
Dallas
Member since Sep 2009
53274 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.
Posted by dlmast87
Amish Country
Member since Dec 2007
1945 posts
Posted on 11/22/13 at 10:31 pm to
26. My wife has a small policy through her teaching job and my job provides a small one as well. We have no debt and both sets of parents are well off and could provide support if something tragic happened. I just don't see it as a priority right now.
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