Archive results for “August 2011f 2011”

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Disability Insurance

A reader asked how much time I have off in paid disability leave from the state of California. Well…

The short answer?

None.

The state of California does provide disability insurance – to those who pay into it. My employer chooses not to contribute.

Fortunately, I discovered this fact shortly after becoming pregnant and was able to stash as much cash as possible. I feel badly for other employees who are not aware of this until it is too late.

The lesson? Ignore what your friends and relatives say about your coverage. ASK YOUR EMPLOYER! Don’t assume you are covered and don’t assume you won’t need it if you are male. Accidents can happen at any time.

I do have a short term disability policy that covers a small percentage of my salary for 6 weeks but that’s it. But it’s better than nothing!

Go TODAY and get a short/long term disability policy. You never know when you’ll need it.

Posted by Beks on August 4, 2011 at 5:00 AM in Insurance | 9 Comments »
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Debt Update…

Well, I thought last month would be our last positive cash flow into savings month but we eeked out one more thanks to the ‘extra’ paycheck in the 5 week month of July. We’re up about $1,300.

My Debt
Original Debt: $38,495.86
Added Debt: $1,781.50
Total Debt: $40,277.36
Paid: $32,242.45
Remaining: $8,034.91
Cash Savings: $6,590.00

Broken Down
Auto Loan 1: $0.00
Credit Card: $0.00
Student Loan: $8,034.91
Auto Loan 2: $0.00
Vet Loan: $0.00

*As a reminder, cash savings is in preparation for costs of time missed from work and from any hospital fees. All remaining funds will be applied to debt.
**Cash savings is in addition to our emergency fund.

Posted by Beks on August 2, 2011 at 5:00 AM in Debt Updates | 2 Comments »
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Investment Advice…

I was reminded again this weekend about the need to invest in an incredibly valuable commodity…

My marriage.

I’ve talked about this investment in the past but haven’t mentioned it in a while.

In the book, The Millionaire Next Door, the author shares the importance of keeping a marriage together. Most millionaires stay married to the same person. A large reason they were able to stay millionaires is because divorce is EXPENSIVE.

Our neighbors announced their upcoming divorce this weekend. Unable to afford the house on their own, they will likely be forced to sell it. I’m sad to lose them as neighbors, and I’m sad at the loss of their marriage.

I know they didn’t wake up yesterday morning and decide they didn’t want to be together anymore. It was a long, slow separation.

No, I’m not stupid. I understand that not all divorces are preventable (and in cases of abuse, they are healthy) but I know I’m guilty of being lazy in my marriage sometimes and neglecting my poor spouse.

So I gave him an extra squeeze, snuggled near him on the couch while I read my book and he watched the sports show he loves so much, and told him how much I really love him.

Financial investments – important. Marriage investment – vital.

Posted by Beks on August 1, 2011 at 3:51 PM in Money & Relationships | 16 Comments »
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