 | Judd Schossow is an Agent with Farm Bureau Financial Services at 219 S Ozark, Girard, KS. Judd has been an agent with Farm Bureau for 5 years, he can provide you with strategies for all stages of life: Vehicle, Homeowners, Farm, Business, Life Insurance, Annuities, and Investments. To schedule an appointment please call 620-724-4213 or email Judd.Schossow@fbfs.com |
Insurance
2011-11-21 12:42:18
Moving out for the first time – series - part 2
Q: I am moving out for the first time and want to make sure to cover all the bases financially. It is my goal not to get in to the kind of financial trouble that so many have unfortunately found themselves in over the last few years. I want to stay away from credit cards, and have a limited budget. What things should I consider as I prioritize my spending?
A: In the September ‘11 issue, we covered some of the important aspects of managing a budget and buying a car. In continuing our discussion, this issue we will discuss protecting your home and belongings.
Protecting Possessions
First, take a quick mental inventory of the things you own. If it all had to be replaced at once, could you afford it? Don’t forget things like your computer, iPod, cell phone, TV and all the items in your drawers and closets that you currently depend on — chances are, the cost would be much more than you imagined. Whether you need homeowners insurance or renters insurance, it’s less expensive to protect your belongings than replacing them in case of a tornado, fire or theft. To help keep track of your personal property and its value, use our handy home inventory kit.
Life Insurance for a Financial Foundation
Buying life insurance when you’re younger and healthier is a smart choice. Not only is it more affordable, but it can provide benefits to you while you are living — like cash value for emergencies — and death benefits for your family to help cover the cost of student loans or other debts. Owning life insurance can help you build a secure financial foundation, while protecting those you care about from the burden of your financial obligations.
