I have been meaning to write this post for months now #butlife.
It isn’t often that I talk about serious things and me dishing out advice is even more rare. I mean I’ll tell you how to bake cookies but much further than that, your on your own. For some reason giving advice always seems to be a quick way to step on someones toes. In the spirit of honestly I should probably admit that there is a little part of me that could careless if I step on toes, as long as my message is truthful. However, I typically stay in the safety zone on the ol’ blog. Having said all that I will cautiously proceed…
Russ and I achieved “official” adult status this summer. In my mind we have always been pretty level-headed grownups but this past summer the trifecta was complete. Ever since that moment I knew I wanted to blog about the subject. It’s something that I’ve talked over with friends time and time again. Everyone has the best of intentions, but following through on things you want to do is sometimes the hardest part. Today I want to talk about 3 things that every young family needs to have, especially if they have kiddos.
I’m almost embarrassed over how long it took us to get a will made. Nobody likes to think about needing a will but there is peace of mind that comes with having one in place. Knowing that in the worst case scenario our wishes for the girls future are secure is priceless friends. If you have children I would beg you to put having a will drawn up high on your priority list. You should be the one who decides the future of your children, not a court system playing a guessing game because mom and dad never had a will made.
It may feel like retirement is years and years down the road, it’s not. Being a parent has made me so much more aware of just how quickly the days and weeks pass. Saving for your future needs to start sooner than later friends. Our family achieves this on two different levels. Russ contributes the most he can into his 401k, making sure we take full advantage to what his employer will match. We also invest a chunk of our tax return with our financial adviser every single year. I could come up with entire lists of ways I would rather spend that money and I am NOT exaggerating when I say lists. But if we aren’t saving for our future, who is?
The car breaks down, the refrigerator goes out, your laid off. What do you do? Most people reach for their credit cards, but you don’t have to if you prepare in advance. Russ and I have worked hard to have an emergency savings account. Ideally our emergency savings account has 3-4 months of income in it constantly. It’s the first of our safety nets to catch us when bad things happen. Because we know unexpected expenses are just a part of life. To get started figure out what you can save weekly or monthly and start setting it aside (where it won’t get spent) until you have 3-6 months of income saved.
We are by no means experts in this area and we don’t have everything figured out, but we are actively putting forth effort. Saving money isn’t easy and it usually requires extra work and sacrifice. Tomorrow I’ll be talking about more “grown up things” when I share how our family thrives on a tight budget.
What do you think a young family needs to have in place?
Three things every young family needs. My thoughts on this are on the blog today. #beprepared #youngfamily Click To Tweet
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