While shopping for my kids this Christmas, I’m reminded by just how much you just want to spoil those little stinkers. What parent can deny this natural instinct? There really are fewer things better than waking up on Christmas morning to see how excited your children get when they open their presents.
Taking this instinct one step further, it’s also natural for you to want your kids to grow up to be the best adults they can be. You give them chores to do to learn hard work, you give them an allowance to teach them about budgeting, and you help them with their homework to encourage learning. And on the things they can’t do for themselves, you want them to still have every opportunity available to excel.
This gets me thinking about a much, much larger gift …
“Dolla-bills, ya’ll!” – Sorry about that gangsta-rap intro, but I’m really excited! I just received the refunded balance for my previous mortgage escrow account. Just slightly over $1,000!
As many of you know, I just completed a mortgage refinance about a month and a half ago. When you switch between the lenders, your old lender refunds any money that you had left over in their escrow account.
So in anticipation of this small windfall, I thought it might be fun to ask the question of what to do with $1000?
Category: Savings & Budgeting
/ Tags: 529
, auto loan
, college savings
, credit card debt
, mutual funds
, what to do with $1000
You don’t think twice to lock your doors, look both ways before crossing the street, or turn off your electronics when you’re not home. So why is it that so many of us are one disaster away from a financial catastrophe?
That’s where a “Safety Net” comes in. By definition, a safety net is a term used by financial planners to describe a number of different things you should have to protect your family and your finances. But a safety net should be much more than just a few extra thousand bucks you’ve got saved in case aliens take over the world. A TRUE safety net could encompass a whole lot more. Here are a few ingredients you’ll need in your Safety Net.