A common scenario. Two teachers meet, fall in love, marry and start a family. Part of the bond between them is they have summers off. Also, they understand one another, including their financial situation with regards to things like income, savings, retirement planning and benefits. It's all good, right? Well, no, not necessarily. If you both have a blind spot with regards to your financial situation, it will be compounded. For example, many educators don't pay as much attention to their savings, retirement planning and insurance coverage as they should because they mistakenly believe their pension and benefits package will cover everything. On top of all the other insurance you have, such as life insurance, it is also important to consider public liability insurance. If you need public liability insurance why not visit constructaquote.com? Here are the five W's of insurance, and what educators need to know about life insurance....
As an Educator or parent, you are in a position to help kids learn Financial Literacy from an early age. Knowing how to manage money is a key skill that everyone needs as they grow up. Following are some key concepts about money, including the concept of money itself. Money What is money? What does it mean to buy something? The two most essential money skills are simply identifying money and knowing how to make change. But it's also helpful if kids understand the concept of money and where it came from. Money has probably been around as a medium of exchange for 3,000 years. Shells, beads, salt and cereal grains have all been used as money. The first coins were made by the Chinese in about 1,000 B.C. and the first official coins were minted in Lydia (now western Turkey) in 600 B.C. Before that, and also alongside it,...
Most of us never think deeply about retirement planning. We may occasionally spend time crunching the numbers, to see if we're on track financially. But ensuring you can afford your retirement should be only one of your concerns. It also helps to think about what you want to do and who you want to be. We have all heard stories about people who didn't know what to do after they retired. This can lead to depression and sometimes even more dire consequences. Don't let this be you. Take some time and start thinking about, and planning, your retirement. These steps can help. Picture your retirement. Knowing what your ideal retirement looks like will help you prepare mentally and financially. If you know you want to buy a summer home, for example, you will need the save the funds and prepare to be away for part of the year. You can...
Your life expectancy is one of the factors that determine life insurance rates. It's also one of the factors you should consider when buying insurance, to ensure your family is well prepared -- whether your life span is shorter or longer than you expect. Using the calculators listed below, you can get an idea of your life expectancy -- and more importantly, you can get an idea of changes you can make to increase your life span. In this day and age, we have a lot more information about how to improve and maintain our state of health through lifestyle choices. We know if we eat healthy, exercise regularly, sleep well and keep stress to a minimum, we can lead longer, healthier lives. Of course, genetics, fate and other factors also contribute to longevity, and no one knows for sure how long we will live. These tests can indicate your...
