Comments on: Insurance as Foundation for Fiscal Fitness – Part 2 http://queercents.com/2009/03/13/insurance-as-foundation-for-fiscal-fitness-part-2/ We're here, We're queer, and We're not going Shopping without Coupons Wed, 10 Mar 2010 04:23:21 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: Queercents » Blog Archive » Gearing Up to Downsize http://queercents.com/2009/03/13/insurance-as-foundation-for-fiscal-fitness-part-2/comment-page-1/#comment-235145 Queercents » Blog Archive » Gearing Up to Downsize Tue, 11 Aug 2009 18:37:48 +0000 http://www.queercents.com/?p=7303#comment-235145 [...] One of the reasons for the downsize is definitely financial. We estimate the move will save us $540 in direct monthly expenses (rent and utilities). Indirect savings are another $176. Here I have to come out about having a really awesome monthly housecleaner that I haven’t had the heart to cancel. It would be utterly laughable to have her clean our new space, and I’ve found her another client, so it will be a good transition point. The other component of indirect savings is life insurance premiums. This move will bring us so close to financial independence that it will eliminate our personal reasons for maintaining life insurance. [...]<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-235145">0</span> <small>(to vote for this comment, please visit the site)</small></p> [...] One of the reasons for the downsize is definitely financial. We estimate the move will save us $540 in direct monthly expenses (rent and utilities). Indirect savings are another $176. Here I have to come out about having a really awesome monthly housecleaner that I haven’t had the heart to cancel. It would be utterly laughable to have her clean our new space, and I’ve found her another client, so it will be a good transition point. The other component of indirect savings is life insurance premiums. This move will bring us so close to financial independence that it will eliminate our personal reasons for maintaining life insurance. [...]

Current score: 0 (to vote for this comment, please visit the site)

]]> By: Nina http://queercents.com/2009/03/13/insurance-as-foundation-for-fiscal-fitness-part-2/comment-page-1/#comment-197074 Nina Sat, 14 Mar 2009 13:53:18 +0000 http://www.queercents.com/?p=7303#comment-197074 Carol: Before we had our son, we both carried <a href="http://www.queercents.com/2006/08/25/mundanenecessary-topic-of-life-insurance/" rel="nofollow">term life insurance policies</a> so if one of us died, the other could pay off the mortgage and remain in our house. When Sam arrived, we <a href="http://www.queercents.com/2008/12/01/life-insurance-more-dependents-more-premium/" rel="nofollow">upped that amount</a> in order to help pay for his child care and fund his college account. As you say, we don't anticipate ever needing this, but it's worth the annual premiums to know that we're financially sound if something should happen to either one of us.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-197074">0</span> <small>(to vote for this comment, please visit the site)</small></p> Carol: Before we had our son, we both carried term life insurance policies so if one of us died, the other could pay off the mortgage and remain in our house. When Sam arrived, we upped that amount in order to help pay for his child care and fund his college account. As you say, we don’t anticipate ever needing this, but it’s worth the annual premiums to know that we’re financially sound if something should happen to either one of us.

Current score: 0 (to vote for this comment, please visit the site)

]]>