How much are you leaving for your children?
Apr 22nd, 2008 by Lilian
Has it ever occurred to you that you could one day get life cut short and leave your children behind with nothing? I do. Well, at my age, when my children are already in their teens, I do have saved enough to provide them a comfortable life and able to fend for themselves for a few years.
So, in many ways, I thank God that both hubby and I had the decency to save some money in our younger years and now, at a time when my children are going to college, we are not bogged down with financial worries.
One of the reason is we live a rather frugal life and stay in homes that we can afford. We had not been tempted to live on borrowed money and whatever we do, we make sure that we are able to afford them.
When we need to purchase big properties, we ensure that we have done all the homework in finding the best rate for housing loan, check that we can afford them and be prepared for any eventualities like losing our jobs or facing recession.
That’s why it is very important to be always careful with our money when we have children because we wan to make sure that we do not leave them with a string of debts but with comfort. If you are looking for mortage, do find out what this mortgage loan calculator website can do. I hope you find it useful to plan your financial situation properly.