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Building a Comfortable Financial Future for Your Children

financial future
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Once you start having children, you’ll need to ensure there is room in your budget for kid-related expenses like childcare, diapers, and baby formula—as well as future expenses such as your child’s/grandchild’s college education. This is no small order, especially if you aren’t used to thinking about budgeting. Read on to find out how to establish a solid financial future with the choices you make today.

 

 

Expert vs. DIY Budgeting

What is your current budget situation? Part of your planning needs to involve knowing exactly where your money is going, and making goals for your financial future. Your budget is your roadmap on the journey.

 

financial future

If you have never arranged a budget before, this is an essential first step. To assist you, it may be the perfect time to hire a financial advisor —especially if you’re feeling overwhelmed and don’t know where to start. A financial advisor can assist you in developing savings and spending strategies that fit with your lifestyle. If you’re already struggling or don’t know where you can squeeze out another cent, it’s a great way to get your footing.

 

On the other hand, adding a tool or two might be enough to help you get a better feel for your finances. Consider adding an app to your phone like Every Dollar or Mint. Most budgeting apps are inexpensive or free, and with a tool right on your phone you can track spending on the fly.

 

 

Purchase Life Insurance

 

Business Insider explains that purchasing a whole or term life insurance policy is an essential step for parents, as this type of coverage protects your children or grandchildren in the event of an untimely death. Disability insurance and long-term care insurance are also worth consideration in case something untoward should happen to you.

financial future

You can protect your children even further if you purchase burial insurance. Also known as final expense insurance, this type of policy covers the cost of your final arrangements—such as your funeral, burial, or cremation expenses—and it may even pay for your outstanding debts, personal loans, and medical bills.

 

 

Get Your Estate in Order

 

Like purchasing insurance, it’s important to write or update your will to ensure that your beneficiaries and assets are in order once you start raising a family. As part of the estate planning process, for instance, consider creating a list of your assets, naming a backup guardian for your children, and reviewing or updating your beneficiaries as needed. If you’re looking for legal advice, it may be wise to hire an estate lawyer to assist you.

 

 

 

Open a College Savings Fund

 

To keep your children from drowning in debt by the time they graduate from college, it’s important to start saving for their education as early on as possible. Some of the best college savings plans include Coverdell Education Savings Accounts (ESAs) and 529 plans. Mercer Advisors recommends getting familiar with both savings plan types before you decide what fits your situation best.

 

financial future

 

However, don’t skimp on your own retirement contributions in order to save for your child’s future college education. Your child can always apply for student loans, grants, and scholarships when it’s time to pay for college—but these same options won’t be available to you when you’re ready to retire.

 

 

Save for Other Expenses Along the Way

 

In addition to purchasing life insurance, drafting an estate plan, and saving for your child’s college education, you’ll need to plan for other expenses along the way. These expenses may include:

 

  • Private schooling.
  • Sports and extracurricular activities.
  • Gifts for your children and their friends.
  • Financial emergencies such as unexpected medical bills.
  • Transportation costs.
  • College admission tests such as the SAT and ACT.

Where are your family’s financial priorities? With a sound budget, you can set your goals and aim high. Cover your essentials so there is a safety net in place, then rest assured, the future belongs to you and yours.

financial future

Nice Break From Social Media And An Amazing, Winter, Vacation

Grandma sure never realized she was capable of staying away from ALL social media completely for (five) straight days and remain sane…until today!! LoL – (A couple of days after returning home — Dec 12th or thereabouts). 

 

Facebook, Twitter, and YouTube has consumed much of her life for most of 2019. She also, never realized she could miss a few group of sweet friends and family like she did. Even though, it was just a short (three day and night) getaway, it turned out to be something Grandma Embrich will not soon forget!

The Embrich family: Mom, Dad, their son, their daughter-in-law, and two grands set their sights on Dells Wisconsin; a colder climate and a state they’d never fancied before.

The Big White Windmills
 
Various clusters of huge, white windmills awaited their journey as they neared the destination of Great Wolf Lodge; an extra treat the (little clans, especially) found very cool and entertaining. There were way too many windmills to count! Lol

They were definitely unexpected and (one of the favorite parts) of a winter vacation that made the whole 418-mile-trip perfect. It also, made for some quite educational conversation among the kiddos…AND the adults. 😉

Are We There Yet?! The grandchildren gave the question phrase, “Are We There Yet?” a whole new meaning for sure! Well, it of course, started with hours; as it took approximately five and one half hours to get there. Really, it was way closer to six! =) When their destination was down to minutes, the kids grew quite carried away with shouting them out. LOL 😉

40 min!!
 
30 min!!
 
20 min!!
 
15 min!!!!! 14, 13, 12, 11, 10 minutes!!!!!! 😮

9, 8, 7, 6, 5, 4, 3,

2 MINUTES!!!! Yes, they were STILL shouting!! And finally…..ONE MINUTE!!!! Arrived!!! 🙂

That afternoon, the Embrichs absorbed the total relaxation of the cabin’s atmosphere and just chilled for about an hour or two while the grandchildren played before going to dinner. A few free meals was part of the vacation package.

Winter Water Park Fun!

Mom and Dad Embrich didn’t enjoy the water park near as much as the kids and grands did. However, it was very nice…the seniors took a long break at the hot tub! They found a place to efficiently unwind with the screams, shouts and water splashes becoming somewhat muffled as each moment ticked by in the warm, jetted, and (oh, so calming) water. What a beautiful day it turned out to be!

A Nap!

The next day, the Embrich’s (well the young ones that is), took to the water park for more fun at the slides, tubes, and who knows what else. Although, Grandma needed some nap time. She loves naps, especially the vacation type. LOL! Papa hung out in the cabin living room.

Cheese, Frozen Two and Log Furniture

The last (full) day of the (unforgettable), winter getaway, the family enjoyed some cheese, Frozen Two, and browsing some nice log furniture. The cheese store was FILLED with more kinds of cheeses than you can imagine…well, maybe not that much! 😉

The tribe decided to (sort of) not eat a normal dinner and instead fill up with popcorn at the movie theater while enjoying the charming movie, Frozen Two. Well, the dinner plans didn’t materialize as expected. After the movie, AND making their way through a beautiful log furniture store, they enjoyed some awesome tasting cheese, summer sausage, and crackers; (and that wasn’t a mere snack or desert). They all had to have (that) as well. Grandma also enjoyed some candy that enticed her at the cheese factory. Hmmm! lol. A perfect ending to a perfect vacation day!

Antiques

As the Embrich family started home, they took a gander around a nifty antique store…actually, Papa quickly had another name for the place. He named it “The Granny Store,” as the front window displayed some old bowls, pitchers, and other obsolete, prehistoric dishes that were faded and chipped. The plethora of inventory was a bit pricey; although the laze of the morning stroll was delightfully entertaining before the drive home.

Home Sweet Home!

With fond memories of Wisconsin’s Great Wolf Lodge lingering, they were happy to be home, safe and warm. It was quality time well spent…Family Time!

Thank you so much for reading! <3

A Flashlight Press Review, Three Children’s Books

First, let me say…I love what I do! Besides selling Avon, spending time in my makeup room, AKA “makeup studio,” and filming beauty videos; I love waking up every morning to see if I have any new review opportunities for my grandparent blog. <3 I am loving life! I also do beauty reviews.

Let’s get to this review for some charming children’s books! ~~~ It’s always a pleasure working with Allison Rosenblum ~ Editorial Assistant of Flashlight Press. www.flashlightpress.com

HOW I MET MY MONSTER

Written By: Amanda Noll and Illustrated By: Howard McWilliam

This delightful book is big, bold, and beautifully illustrated by Howard McWilliam.
The actual size of the book is a generous 10 1/2 By 10 1/2. The graphical title (on the book) is of raised lettering and, is characterized as vivid, colorful, and lifelike. <3

It all started when Ethan peeped under his bed for a toy truck, only to discover a note reading…”Monsters! Meet Here For Final Test!”

Well, Ethan is thinking his folks are attempting to fool him into remaining under the spreads, then he spied five enormous eyes gazing back at him from under his bed.

As it turned out, that monster meeting was a competition to find out which little, quirky beast could be Ethan’s favorite.

As each little monster performs for this little boy’s attention, Ethan is found somewhat amused with just a touch of horrified; as he is not really all that frightened. <3

With its proportion of snickers and shudders, this silly, spooky prequel to the honor winning I Need My Monster and Hey, That’s MY Monster! will keep little ones engaged.

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ARE YOU MY MONSTER?

Written By: Amanda Noll and Illustrated By: Howard McWilliam

At first, I certainly thought that “How I Met My Monster” was my favorite. However, after reading through “Are You My Monster?” I found it to be just as entertaining and colorful. The art is phenomenal! Howard McWilliam did an excellent job with making these adorable little creatures come to life. <3

This book is spot on for babies and very young children. It is very well built and put together, just as a board book should be.

These little monster friends are quite comical, and they also, have their own quirky personalities. Charming storyline as Ethan eagerly studies to find the exact match to his stuffed, fury friend. This little boy needs some shut eye. Ethan simply can’t fall asleep without finding his true monster. Truly a light-hearted, delightful book that any young child would love!

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I LOVE MY DRAGON

Written By: Jodi Moore and Illustrated By: Howard McWilliam

This book is adorable and perfect for babies and toddlers. It was inspired by The Exclusive “When a Dragon Moves In.” “I Love My Dragon” is another beautiful and brilliant board book. I LOVE the colors of the pages and the characters! Excellent presentation and a lovable, feel-good story just right for tucking those angel babies in for the night.

*Yawn….Night, Night!! <3 <3

You can visit Flash Light Press on their Facebook Page Here. You can browse these books above as well as others Here.

You can also visit their blog Here.

Thank you so much for reading!! =)

Tammy

Copyright © 2019 – Grandma’s Home Blogger Place – Flash Light Press – All Rights Reserved

A Grandmother’s Motivations

A grandma is warm hugs and sweet memories. She remembers all of your accomplishments and forgets all of your mistakes. By: Barbara Cage ~ Via: wow4u.com/

 

 

 

Motivation doesn’t come easy all the time, does it? However, it does come easier for some more than others. Well, for this grandma, I have various things that keep me motivated on most days.

 

I’ve often heard that Motivation is a State of Mind. Maybe so…?

 

But, let me tell you; my grandchildren are big inspirations for me!

 

They keep me focused and grounded on what’s important in life. They are a constant with me…in my thoughts and plans daily! <3 <3

 

There are off-days in my life; that’s a given, and very normal. On those days, I have a handy, clever app on my iPhone that I’m grateful for. 😉

I’ve been wanting to share it with ya’ll! I share quotes from it all the time on Facebook and Twitter.

Below are a few screen shots that I love! <3

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What I’m sharing with you here is not an affiliate link of any kind. This app is:

* Motivation Quotes ~~ Daily Quote App

* Only available on the App Store for iOS devices

* Health and Fitness Category

* Is Absolutely Free

* You can get it Here

I’m going to be on the search for more nice apps like this one. Actually, You can find more of those HereBy a good friend of mine, Joel Comm <3

Thank you so much for reading! Please stay motivated!! Love to all!

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