Tag: life insurance

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Teaching Financial Literacy at Home

I grew up in a family where money is a taboo subject and financial education is never taught. I actually learned about such important concepts as personal finance and financial freedom through self-study. My mother, who was in-charge of budgeting in our one-income household when I was little, wasn’t really a good example when it came to managing our limited financial resources.

Chalkboard Series - Money
Image Source: http://connexcu.wordpress.com/2013/09/03/connecticut-gets-an-f-in-financial-literacy/

Back then, we were living from paycheck to paycheck and we were acquiring liabilities instead of assets. While my parents certainly did their best to provide for our needs, the idea of financial freedom was non-existent to them. Or maybe they knew about it, but it was just not among their top priorities.

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The Perfect Birthday Gift

My sister Jodie, who is the youngest in the family, is celebrating her 18th birthday today. While it has become some sort of tradition to celebrate this big event in a grand way, my family cannot afford it. It’s a good thing my sister understands. I, myself, have not experienced a grand celebration when it was my turn to be a debutant. I’m not complaining, though, because I know where we stand. And since I have work at the restaurant tonight, we decided to celebrate in our own unique way tomorrow. Yes, it’s gonna be a family event.

To compensate for the absence of a party, because we have already decided to just eat out, we want to give her a gift. We’re still brainstorming on the best gift to give her, and right now all I could think is to buy life insurance for her. A life plan sounds like the perfect birthday gift to me. We all know how important it is to feel secured today. Saving for the rainy days is one of the best lessons taught to us by our parents. The earlier she starts investing in her future, the better.

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My Brother is Buying a New Desktop!

The laptop we have at home has been in need of repair since last year. One day it just went super slow and using it meant we had to wait ten years before it would even start up. We tried formatting it to correct the problem, but to no avail. According to the fiancee, it could be due to memory or hard disk damage. Did I mention its battery was busted, too?

Classes are opening soon and the need for a computer is presenting itself again. My brother who’s a new teacher, for instance, needs one at home so he could prepare presentations and other instructional materials. My two siblings, who are in college, need a PC as well to keep up with their school requirements. Given the situation, we think it’s about time we have our laptop repaired or we get a new desktop. My brother suggested that we do the latter and he’d be the one to shoulder the expenses. He said he’d forego his plan to get life insurance for now. (I saw him the other night scrutinizing various cheap life insurance qoutes over at www.trustedquote.com via his mobile phone internet.)

My brother’s intention to pay for the new desktop sounded good to me, so I said yes. Haha. I might pay for the internet subscription to complement the desktop, but I’m still undecided about it. I’ll see what I can do when I check my payslip for the salary increase we’re getting starting next month.