Debts
Restored from the Empower Network archive (2011–2017), lightly edited to meet our current advertising standards. Views are the original author’s.
When it comes to debts, most families in America have it.
One of the most common problems in most families today is that they absolutely CANNOT save ANY money. What is the problem with not being able to save any money? If you can’t save any money, you can’t retire.
It is true that we have a lot of debt and expenses and not enough money to cover them all. Some of the most common family debts today are as follows:
1. Mortgage – Most of us have a 30 year term mortgage that has to be paid with a crazy amount of interest. And depending on our credit score you might have a smaller interest rate than others. But lets face it. It still SUX! Trust me. I’m a homeowner.
2. Car Loan – Having a car today is sometimes a necessity depending what type of work you do.
3. Credit Cards -A statistic from 2009 shows that the average And you have to pay that money back with interest. Well its no wonder we are broke.
4. Insurance – This would be a form of expense instead of debt. We all know that insurance is a NECESSITY today. But some of the rates are sometimes just too much. Below I will break down some of the different types of the common insurances that we all have.
Homeowner’s Insurance – This is a MUST have for your house. If you rent, there is Renter’s insurance. There is also Condo insurance and a few others.
Car Insurance – I hope everyone knows that it is illegal not to have car insurance today. But some times they can be expensive. But,
- If you could call a number that will analyze your current coverage on your Homeowner’s insurance and your Car insurance and give you a FREE quote that could potentially save you money, would you call that number?
- There are absolutely no obligations. If they can save you money, you can choose to save. If they can’t save you money, they will tell you that you are good where you are.
- These are two questions that will be asked in order for you to get the FREE quote.
- Phone Number: 877-855-8111
- Name of Representative: Jose Diaz
- Solution Number of Rep: GHWB2
- By the way, you can call this number any where in the United States.
Life Insurance – For people who think they don’t need Life Insurance, let me ask you a common sense question. What is your biggest ASSET that you have? A lot of us think of our house. But really, it is our ability to produce income. If you can’t produce, you can’t pay anything. So make sure that, if you die, you leave enough money behind for your family instead of a burden.
Remember, Life Insurance is for those who stay alive, not for the person who dies. It is protection for the family just in case the primary bread winner passes away.
“But there are SO many types of life insurances.” No, not really. There are two primary types. Term life insurance and Whole Life insurance. And depending on which one you have, you can probably SAVE MONEY. If you would like to know more about the each, please contact me at any time.
Read my next post on how to save money even with all of this debt.
My E-mail: jdiazempower@gmail.com