Should I Ruin My Retirement By Helping My Child Through College?

Should I Ruin My Retirement By Helping My Child Through College?Today’s topic will probably be a touchy one and it’s all about whether or not parents should start (or end) saving for children’s college expenses. Ever since I paid off my $38,000 worth of student loans last year, I have received many e-mails from parents who are interested in seeking help for their children.

These e-mails are all related to whether or not parents should risk or sometimes even ruin their retirement by helping their child pay for college.

There is usually one common theme in these e-mails – the parents are usually not on track for retirement, they have debt, or they cannot afford to help their child in college.

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Retirement, Financial Independence, and Living Life

Retirement, Financial Independence, and Living Life

This is what a happy life is to me.

After two very long posts this week, DIY Wedding Ideas – Worth It Or A Waste Of Money and How Much Money Should I Save Up For A House, today’s post is a somewhat shorter (and a rambling) one.

Lately, we’ve been home “shopping” online a lot.

It’s almost become an addiction.

Okay, who am I kidding? It is an addiction. Luckily, shopping for homes online is a free hobby of mine.

My favorite websites right now are Zillow and Realtor and I look at each a few times each week. We don’t plan on moving for around two years from now, but it’s still something we plan on putting a lot of thought into.

Before you think both me and Wes are crazy planners, I do want to say that it’s mainly just me who is crazy. If Wes had his way, we would have moved yesterday.

We want to move to a new state (Colorado is winning right now), and the next home we buy will probably be our “forever” home. We plan on living in it for a long time and possibly retiring in it.

The whole thing sounds a little crazy, even to me, especially since we are only 25.

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Do You Have Life Insurance?

Do You Have Life Insurance?

This is my family :)

According to the insurance research firm LIMRA, life insurance ownership is at its lowest point in over 50 years. This is a crazy statistic considering that approximately 44% of those who took part in the survey said they don’t have enough money to pay for expenses if their loved one were to pass away suddenly.

This study also reported that around 30% of households do not have life insurance at all. There are many different types of insurance out there, and life insurance always seems to be the one that is skipped.

One major task I have failed at since leaving my day job in 2013 is finding life insurance. When I had my day job, I had a small amount of life insurance provided and paid for by my employer. Nothing crazy, but I never looked any further into it at that time.

Now that I work for myself, I have no life insurance and that is something I would like to change, especially since we plan on having children in the next few years.

Even though finding life insurance is something I think about a decent amount, I actually haven’t done anything to start this process.

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