Here at His & Her Money, one of several things we advocate for strongly is life insurance. We know it’s not the topic you WANT to think about, but there’s no doubt that you NEED to be thinking about it!
Nothing can devastate a family more than a crisis, where either a loved one passes away or even becomes permanently or temporarily incapacitated. However, there are steps we can all take to mitigate the financial damage and make sure that you and yours are proactive and well-prepared for any emergencies that might arise.
So, on this episode of the His & Her Money Show, Chelsea Brennan is back! Chelsea is a mom, wife, entrepreneur, ex-hedge fund manager turned financial blogger and founder of Smart Money Mamas, where she works hard to empower other moms through financial education.
This time around, Chelsea brought along a whole lot of facts and information on emergency planning, estate planning, and taking control. So, we definitely recommend you pay attention because there’s a lot to learn!
Obviously, Chelsea knows a thing or two about managing money, but her financial know-how far exceeds the norm. That’s why one day, as she was finalizing details on a seven-figure life insurance policy, she asked herself the big question. If something happened to Chelsea, a working mom who largely takes care of the money management in her household. How would her husband fare managing the finances solo?
What about their investments and day-to-day expenses? Were the necessary tools and information accessible and available for him, and more so, would he know where to start? To her surprise, Chelsea realized the answer was no — and that needed to change!
So, Chelsea and her husband compiled a family emergency game plan, which was revamped and released through Smart Money Mamas as the In Case of Emergency Binder. As Chelsea explains, this package is all about keeping track of it all.
From passwords to phone numbers to important documents, to give you total control and peace of mind about what might happen to your family if someone were to suddenly become incapacitated. Whether you’re single, married, with or without kids, this is an amazing resource that we can’t stop talking about!
As everybody knows, 2020 threw a lot at us. And it’s safe to say that the majority of us weren’t prepared. So let’s start the new year off right and change it all around!
What You Will Learn
- How and why Chelsea created the family emergency binder
- Various steps you can take to begin your own emergency game plan
- The importance of estate planning
- Breaking down what might happen if you haven’t planned for emergencies and some easily-avoidable repercussions
- How and where to store your most important information
Resources Mentioned
Thanks For Listening!
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