Do You Know The Financial Condition of Your Family?
Do You Know The Financial Condition of Your Family?
So many of us rely on our husbands to know the in’s and out’s of our finances. That is great, sometimes, as it leaves us one less chore to do! However I would strongly advise that you at least have some idea of what is going on financially. If nothing else, know where to find the information when you are struck with pertinent questions about your family’s financial security. I know there are some women who truly do prefer to have their husband run the money show and there is nothing wrong with that. But just at least have a part in it.
Here are some questions to ponder…
• Do you know where your main Financial Institution is?
• Where are your chequing and savings accounts?
• Do you know when the bills are due and which accounts they are to be paid from?
• Do you have RRSP’s, stocks, bonds or any other kind of investments? If so, where are they, do you know how to contact the company for statements, etc?
• Do you or your husband have a pension plan? Did you know that you can go to the Government of Canada website and find out exactly how much is in your Canada Pension Plan? To request a statement just go to www.hrdc.gc.ca or call your local Human Resources Development Canada office. Find out how much is being accumulated then check with your financial advisor and see if you need to make some changes to your contributions. Perhaps there is not an adequate amount being put away for your retirement future.
• Do you have insurance? Life, house, mortgage, automobile. If so, know where and how much you have. You should evaluate your policy regularly to determine if you are sufficiently covered. Especially with the value of homes rising in today’s markets, most families do not have the proper amount of insurance to cover the value of the home.
• Do you and your husband have a will? Find out where your wills are located and if you don’t have one make an appointment with your lawyer today to begin the process. Be sure that this is done for your family, it is a must have!
If there is information that you don’t have, talk to your husband. Explain your concerns, I am sure he would be more than happy to have you take an interest in your families finances.
Having financial security is a blessing and it takes some work. You will feel better knowing exactly what is going on with the finances in your home.
Don’t leave life to chance.
Get a FREE Analysis today at https://www.ccdr.ca and find out all the options to get out of debt!
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9 People have left comments on this post
Aug 8, 2009 - 01:08:33We must really have to plan our daily life well to keep ourselves out of debts.We must have to route our money towards investment especially during these recession days.
This is really an interesting question. Don’t waste our money in buying expensive goods.If u buy lot of unwanted stuffs you will be in lot of debts.
The main thing modern people need to know is how to spend their money.Spending money for luxurious goods will result in extra debts.When you are in debts,The financial condition of your family will be poor.
During these recession affected days , you should be more attracted towards savings.Spending money for the needsother than those primary needs will result in debts.
All the family members should really know what is the financial condition.We must check our earnings and expenditure many times.Else that will cause debts.
Investments are a better idea these days.Because this will keep our financial condition secured.We must look upon our future .
Financial condition of our family must be our key point of thought before deciding anything.That can help you in planning your life in a better way.
We must aware of our financial conditions very well, then only we can plan our financial transactions. thanks for giving the tips, i think it will really help me.
Having financial security is really nice, but it’s hard to attain, Anyway we may want to do hard-work for the same, I I will also try.