Comments on: 21 Warning Signs You’re Financially Unstable

By: Laurie Chan

Laurie Chan — Sat, 11 Mar 2017 22:59:01 +0000

#20 really hits home with me! I see so many clients that skimp on the most basic of insurance coverages, merely to save a couple bucks. Is having $250k+ paid out to your devasted families if you passed away not worth $40/mo. (hypothetical cost for illustrative purposes)? I think it’s worth every penny, especially given that my own mother died at 55. My very best client died at 50 with no symptoms or signs.

Additionally, many people don’t consider disability insurance. If you can’t earn a wage because you become sick, EVERYTHING ELSE GOES OUT THE WINDOW. It’s shockingly alarming how many Americans will become sick during their working years. I believe it’s estimated that 25% will become disabled at some point. 37 million Americans are currently disabled.

By: Dan

Dan — Wed, 01 Jun 2016 15:48:56 +0000

In reply to Abigail @ipickuppennies. Dental implants aren't a necessity. Additionally, if chosen, 2 implants to support a bottom denture is all you ever need to do. Anything else is luxury at best, more likely an un-needed excess they are just trying to talk you into to make more money. 25k is WAY beyond what is NEEDED. Save your money for necessities and financial stability.

By: Gary @ Super Saving Tips

Gary @ Super Saving Tips — Sat, 08 Aug 2015 04:33:01 +0000

#13 is especially problematic, because if you can’t face your finances and discuss them honestly with your spouse or loved ones, you’re not likely to make much progress. Having the support of others can really help to motivate you and keep you accountable to your goals.

By: Ramona

Ramona — Thu, 06 Aug 2015 09:43:32 +0000

We had some difficulties, after our baby was born, but we’re slowly getting back to a better place, financially speaking. We are not in debt, we don’t need to borrow money, but we did struggle with our business a bit (especially me, since becoming a mom).

By: Abigail @ipickuppennies

Abigail @ipickuppennies — Tue, 04 Aug 2015 22:04:33 +0000

Well, we hit a couple of these, but our circumstances are unique. I was unable to work for most of my 20s thanks to a disability. So my husband and I were trying to pay off student/medical debt on about $35,000 a year — with $1,200 a month going to rent and health insurance. Then I finally got a job, but my husband had to go on disability.

We still make pretty good money, but we also have to contend with a lot of medical expenses that most people don’t. For example, the $25,000 it’s going to cost to get my husband dental implants next year. And we have more convenience costs due to our physical limitations.

So yeah, I’m not sure we’ll ever be able to retire. Part of me isn’t sure I’d want to. After years of living on $700 a month from the government, a paycheck is pretty appealing.

And yeah, I fret about finances quite a bit. And we’ve delayed some things that weren’t complete emergencies, like waiting a year to better afford HVAC for my in-laws in the guest house.

Finally, I do live in mortal fear of losing my job. Because there are almost none I can do from home, which has to be the case, that pay a sustainable wage. And I’m the only wage-earner. Luckily, I work for a small but very steady company, so I have good job security. Still, the worry is there.

Still, I think those are less a sign that we’re struggling financially — really, we’re only struggling when you’re like me and see the $25k bill as pre-debt — and more just in a crappy and/or unusual situation.

By: Natalie @ Financegirl

Natalie @ Financegirl — Mon, 03 Aug 2015 12:14:05 +0000

Living without financial margin – paycheck to paycheck – is no way to live. This post is a fresh reminder of how important it is to stay in touch with your finances and make the changes you need to in order to be financially successful.