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Practical Money Matters Radio Series

May 13, 2013
A Father's Day Message


This Father's Day, here are a few ways you can instill in your kids sound financial habits.

Transcript

With Father's Day upon us, dads everywhere are gearing up for an avalanche of gifts and "I love yous" from their spouses and kids. If you're a dad and you really want to return their affection, think about what you can do to protect your family financially. For example:

Make sure you've got adequate insurance to protect your family against life's unexpected events, whether an accident, illness, unemployment or death. This includes medical coverage, homeowner or renter's insurance, life insurance and disability coverage.

Start saving. Aim to have an emergency fund that can cover at least six months of living expenses. And even if retirement is decades away, the sooner you start saving and compounding your interest, the faster your savings will grow.

Bottom line: Take these few steps to protect your family – you'll sleep better at night.


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