Tuesday, December 13, 2011
As a stay at home Mom with a little daycare gig on the side, I've never thought much about the financial impact of my demise. My income is enough to buy groceries each week and maybe buy a tank of gasoline.
Tonight, my economic contribution was valued at nearly $100,000.00. While I don't quite believe that figure, I can now see the value of having my life insured. If I go out for a run and get smacked by a vehicle, my husband is going to bear a tremendous burden. The funeral arrangements notwithstanding, David would likely take some time off work to deal with a grieving family. Simply addressing his loss of income from the event, itself, is a responsible choice.
I don't like to think about such things - but FPU has been teaching me that I do need to face things. I need to make out a will, in case Dave and I are BOTH on a run and get mowed down. I need to go over our finances each and every month. I need to review our credit card statement each month to check for errors. I need to stop acting like an ostrich with my head stuck in the sand.
I'm not a dumb person. Time to stop acting like one!