RE:RE:RE:RE:Red DeerPretty much the same here - two kids, stay at home Mom for nine years. Of course you are right - I forgot I also had insurance at work (but supplemented that with the term).
Living below your means is key. I could never get over how much other people spent. Unless you have a trust fund it's best not to act as if there's an inheritance coming. My dad didn't have insurance problems but he was a Depression kid, so he was big on the value of a dollar. Rubbed off on me.
Red_Deer wrote: Hey GRIZZ__We raised 3 kids with a stay at home mom__NO inheritances, we were on our
own in that regard back then.
One reason for no LIFE was that the small amount provided by my employment with AB Gov
I deemed to be sufficient as we lived way below our means lifestyle from get go__Thus did
NOT need as much as pretty much everyone else our age with young kids.
Other reason was my father mentioned more than once what happened to his father's
Policy in the 30s
He had regularily put in $$ into the plan in the 20s__Ended up with a very significant
value by late 20s__BUT when cashed out in the 30s just before the world war__Due to
HUGE Devaluation of the Finnish Markka__All his father was able to get for my father
and his 3 sisters were some nice footware and clothing__A PITTANCE to all the $$
he had put into the plan.