Comments on: Money Tips for the Twenty Something Crowd http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/ Money Management, Small Business, Career Sun, 21 Mar 2010 02:34:22 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/comment-page-1/#comment-4485 Ryan Thu, 24 Jan 2008 00:37:23 +0000 http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/#comment-4485 atta, great point about insurance. When I was in the USAF we had the option of buying life insurance through the military. I purchased $10k, which cost me $0.80 per month. At less than $10 per year, I felt good knowing that if I passed on, my family would have plenty of money to bury me. But that is the only amount I purchased. I knew guys who were single who spent close to $25 per month on life insurance. Their reason - "well, if I die, I want my family to get the money." Sorry... I'd rather keep the $300 per year for myself. As for disability insurance, if you are single, who will help take care of you if you are injured and can't work? Tough call, but since disability insurance is usually very inexpensive for most younger people, it can't hurt to get a little. If you are married though, I definitely recommend disability insurance and life insurance in most cases, and always if you have children. Thanks for the comment. :) atta, great point about insurance. When I was in the USAF we had the option of buying life insurance through the military. I purchased $10k, which cost me $0.80 per month. At less than $10 per year, I felt good knowing that if I passed on, my family would have plenty of money to bury me. But that is the only amount I purchased. I knew guys who were single who spent close to $25 per month on life insurance. Their reason – “well, if I die, I want my family to get the money.”

Sorry… I’d rather keep the $300 per year for myself.

As for disability insurance, if you are single, who will help take care of you if you are injured and can’t work? Tough call, but since disability insurance is usually very inexpensive for most younger people, it can’t hurt to get a little.

If you are married though, I definitely recommend disability insurance and life insurance in most cases, and always if you have children. Thanks for the comment. :)

]]> By: atta http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/comment-page-1/#comment-4480 atta Wed, 23 Jan 2008 22:40:53 +0000 http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/#comment-4480 I really liked this post, and being in my 20s myself, it all makes sense. However, one objection I have is to the "buying disability and life insurance" part. Why should a 20-something with no dependents buy life insurance? Buying life insurance, for most people in their 20s, would be a waste of money. I really liked this post, and being in my 20s myself, it all makes sense.

However, one objection I have is to the “buying disability and life insurance” part. Why should a 20-something with no dependents buy life insurance? Buying life insurance, for most people in their 20s, would be a waste of money.

]]> By: David http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/comment-page-1/#comment-4354 David Tue, 22 Jan 2008 03:44:20 +0000 http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/#comment-4354 I remember my 20's, the good ole days. :-) I remember my 20’s, the good ole days. :-)

]]> By: Ron@TheWisdomJournal http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/comment-page-1/#comment-4311 Ron@TheWisdomJournal Mon, 21 Jan 2008 15:10:08 +0000 http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/#comment-4311 Great post. I wish someone had told me these tips 22 years ago. I'm just grateful that I'll be able to help my kids learn the ins and outs of personal finance . . . assuming they'll listen! Great post. I wish someone had told me these tips 22 years ago. I’m just grateful that I’ll be able to help my kids learn the ins and outs of personal finance . . . assuming they’ll listen!

]]> By: deepali http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/comment-page-1/#comment-4309 deepali Mon, 21 Jan 2008 14:36:58 +0000 http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/#comment-4309 I'm with fathersez - just like healthy eating, healthy spending is influenced by your peers... It would be nice if "keeping up the joneses" meant seeing who could fund their IRA the fastest (wow, that was the geekiest thing I've ever said!). :) I’m with fathersez – just like healthy eating, healthy spending is influenced by your peers… It would be nice if “keeping up the joneses” meant seeing who could fund their IRA the fastest (wow, that was the geekiest thing I’ve ever said!). :)

]]> By: Ryan http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/comment-page-1/#comment-4306 Ryan Mon, 21 Jan 2008 14:09:19 +0000 http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/#comment-4306 Hello fathersez, I'm sure your daughters will welcome these tips and the other advice you give them. These tips are helpful to anyone starting out on their own financial path, but are by no means all-inclusive. Surrounding yourself with peers who take personal finance seriously is a great way to increase your own knowledge as well as help keep you on the right path. Great idea! :) Hello fathersez,

I’m sure your daughters will welcome these tips and the other advice you give them. These tips are helpful to anyone starting out on their own financial path, but are by no means all-inclusive. Surrounding yourself with peers who take personal finance seriously is a great way to increase your own knowledge as well as help keep you on the right path. Great idea! :)

]]> By: Amanda @ Me vs Debt http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/comment-page-1/#comment-4303 Amanda @ Me vs Debt Mon, 21 Jan 2008 14:01:32 +0000 http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/#comment-4303 Great roundup here! I'm a mid-twenties gal always looking for money tips : ) Great roundup here! I’m a mid-twenties gal always looking for money tips : )

]]> By: fathersez http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/comment-page-1/#comment-4301 fathersez Mon, 21 Jan 2008 13:59:35 +0000 http://cashmoneylife.com/2008/01/20/money-tips-for-the-twenty-something-crowd/#comment-4301 Great post. I am forwarding this link to my two senior daughters. I am sure they will find this very useful. If I may, I would like to suggest that they should also seek a peer group that takes pf seriously. Great post.

I am forwarding this link to my two senior daughters. I am sure they will find this very useful.

If I may, I would like to suggest that they should also seek a peer group that takes pf seriously.

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