The Cardinal Rules on Money are simple. Yet, many, if not most people, completely ignore them. Perhaps, it’s because they do not know them.
Should you use fourteen or nine categories? The answer is entirely up to you. If you decide to go with the nine, then the following is for you.
The Money Blueprint is comprised of nine categories (1) Tithe, (2) Savings, (3) Housing and Utilities, (4) Transportation, (5) Debt, (6) Food, (7) Life, (8) Clothing, and (9) Entertainment.
Homeowners insurance is a “package” policy. In that it covers both damage to property and liability or legal responsibility for any injuries and property damage policyholders or their families cause to other people. It also includes damage caused by household pets.
While it covers damage caused by most disasters, there are exceptions.
Have you thought about what your family would do financially speaking if you were to die today or tomorrow? None of us like to think about death, but it is real and inevitable. If you have not thought about your family’s financial needs before, you need to that now.
There are only four things we can do with money:
Give it away