Adjusting Your Spending to Afford Life Insurance
Life insurance gives your beneficiaries the chance to continue on with a comfortable lifestyle after you pass away, rather than being straddled with debt and unable to maintain their standard of living. That means that making some small financial sacrifices along the way in order to make sure you can afford a policy is totally worthwhile. Here are three small adjustments you can make to your monthly budget that will probably pay for all or most of your new life insurance premium.
1. Put your thermostat up in the summer and down in the winter. You can save as much as 3 percent of your entire bill for every degree you put the thermostat up in the summer and down in the winter. Even better, with your heating and cooling system running less, you’re less likely to have expensive breakdowns.
2. Unplug your chargers and other draining electronics when they aren’t in use. According to U.S. News, we spend as much as $10 billion each year on standby power drainage from our plugged in—but unused—electronic devices. By plugging your electronics into power strips and then shutting the power strips down when not in use, you can save as much as $100 per year.
3. Stick to your budget. When you want to afford life insurance, you’ll put the expense in your budget—but that means you must stick to your budget on all other items too. Think of a budget like a dance routine. If one of the dancers gets out of step, it ruins the whole show.
Author: Dennis M. Postema[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”” parallax=”on” parallax_image=”” printtext=”Most Wanted Design Options ignores this CSS settings if used” background_style=”transparent” contentcolorclass=”darkonlight” background_color=”rgba(255,255,255,1)” rowimage=”” mp4=”” webm=”” videoaspectratio=”800:450″ posterimage=”” parfactor=”5″ overlay=”on” overlay_color=”rgba(255,255,255,0.5)” noise=”off” toppadding=”0″ bottompadding=”0″ anchorid=”” anchoroffset=”” hidemobile=”” visiblemobile=”” centermobile=””][vc_column width=”1/1″][/vc_column][/vc_row]