Comments on: Personal Finance Advice For Your 30′s. http://www.mytwodollars.com/2008/01/21/money-in-your-30s/ A place to discuss money...for the rest of us. Thu, 24 May 2012 01:22:07 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Beckyhttp://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-35460 Becky Fri, 08 Jan 2010 14:24:29 +0000 http://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-35460 Having adequate insurance is great advice for those who are planning a family. Also an important thing to consider if you're planning on kids in your 30's is having a will. They do not have to be complicated and are not very expensive to have drawn up by a lawyer. In the event that you or your spouse die, a will would ensure that your money ends up where you want it. You would have to name an executor who will have the responsibility of managing your estate after you die, which would include paying off debts and making sure your assets are disbursed as you wish. Otherwise the government will step in an do it for you and eat up a substabtial amount of the money you leave behind. Also, in the event that both parents die, you can name a guardian for your children and work out the details of how and when money will be left in trust for them. Having adequate insurance is great advice for those who are planning a family. Also an important thing to consider if you’re planning on kids in your 30′s is having a will. They do not have to be complicated and are not very expensive to have drawn up by a lawyer. In the event that you or your spouse die, a will would ensure that your money ends up where you want it. You would have to name an executor who will have the responsibility of managing your estate after you die, which would include paying off debts and making sure your assets are disbursed as you wish. Otherwise the government will step in an do it for you and eat up a substabtial amount of the money you leave behind. Also, in the event that both parents die, you can name a guardian for your children and work out the details of how and when money will be left in trust for them.

]]> By: MoneyEnergyhttp://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-32374 MoneyEnergy Mon, 06 Apr 2009 21:09:00 +0000 http://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-32374 Thanks for the reminder about facing mortality in there.... I'm a new member of the "thirties club" and know what you mean - great push towards not wasting any time or money. Too bad in our society so much of our "life" is about feeling the need to catch up financially according to this arbitrary income hierarchy. I guess that's social organization for ya, though - where would we be without it:) Thanks for the reminder about facing mortality in there…. I’m a new member of the “thirties club” and know what you mean – great push towards not wasting any time or money. Too bad in our society so much of our “life” is about feeling the need to catch up financially according to this arbitrary income hierarchy. I guess that’s social organization for ya, though – where would we be without it:)

]]> By: davidhttp://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24631 david Thu, 31 Jan 2008 00:35:05 +0000 http://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24631 Thanks for the tip Nat, that is something to think about! Thanks for the tip Nat, that is something to think about!

]]> By: Nathttp://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24630 Nat Wed, 30 Jan 2008 22:10:40 +0000 http://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24630 If you are planning to have children, I would definately consider life insurance before attempting to get pregnant. Sometimes, pregnancy can cause medical conditions to surface that make the cost of aquiring life insurance to sky rocket. And, although it is very rare, women still do die from pregnancy and/or delivery complications. It is better to have the insurance in place before the baby even becomes a twinkle in your eye ... imagine having a newborn baby, 1/2 your income and daycare expenses. If you are planning to have children, I would definately consider life insurance before attempting to get pregnant. Sometimes, pregnancy can cause medical conditions to surface that make the cost of aquiring life insurance to sky rocket. And, although it is very rare, women still do die from pregnancy and/or delivery complications. It is better to have the insurance in place before the baby even becomes a twinkle in your eye … imagine having a newborn baby, 1/2 your income and daycare expenses.

]]> By: Emily Starbuck Gersonhttp://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24442 Emily Starbuck Gerson Tue, 22 Jan 2008 22:47:56 +0000 http://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24442 That's great advice. I just put a blog together with similar advice but for 20somethings....thought I'd share! That’s great advice. I just put a blog together with similar advice but for 20somethings….thought I’d share!

]]> By: Davidhttp://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24413 David Tue, 22 Jan 2008 03:38:13 +0000 http://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24413 Almost....:-) Almost….:-)

]]> By: Pinyohttp://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24412 Pinyo Tue, 22 Jan 2008 03:31:15 +0000 http://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24412 David, great post. This one is almost as good as mine ;-) And, yeah...good tip on the disability insurance there, Anony. David, great post. This one is almost as good as mine ;-)

And, yeah…good tip on the disability insurance there, Anony.

]]> By: davidhttp://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24411 david Tue, 22 Jan 2008 01:03:23 +0000 http://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24411 Thanks Mike, appreciate it! Thanks Mike, appreciate it!

]]> By: Four Pillarshttp://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24409 Four Pillars Tue, 22 Jan 2008 00:46:51 +0000 http://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24409 Very good post and nice blog! (first time here). Mike Very good post and nice blog! (first time here).

Mike

]]> By: davidhttp://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24407 david Mon, 21 Jan 2008 22:57:09 +0000 http://www.mytwodollars.com/2008/01/21/money-in-your-30s/#comment-24407 Good tip Anony! Good tip Anony!

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