Last post, I showed you how to estimate the cost of rebuilding your house, and so determine an indicative amount to insure it for. This post we are looking at what is in your house. From all those things that have been there for so long, you don’t even notice them anymore, to everything you use on a daily basis. If you are at home reading this, stop what you’re doing and look around. Imagine every little thing you can see just disappearing like soap bubbles – pop, pop, pop! This includes the chair or lounge you’re sitting on, or the shoes on your feet. This is why you may … Show Me More!
It’s time to renew our annual home and contents insurance. Every year, the renewal arrives, I look at it, and have no idea whether the amount we are insured for is reasonable or not. How on earth do I know how much it will cost to rebuild our house? Or what the total worth of all the “stuff” we’ve chosen to bring into it over the last 20 years is? Usually I look at it, shrug, and pay. In the spirit of personal finance, this year it is time to take a deeper look at what we can do. In this post I am investigating home insurance on a building. … Show Me More!
I love seeing how other people budget, getting down to the nitty-gritty of their categories and numbers, but I don’t feel it is fair to gain value out of what others are contributing without contributing something ourselves. As promised, here is the second Budget Breakdown for the Enough Time Machine. This represents how much we budget per month, not necessarily how much we spend. This week we are looking at Insurance. Ouch! Insurance is hard. We are paying nearly $6,500/year for … nothing? For the chance that if something bad happens, we may get some monetary compensation. In a good year, where we don’t call on our insurance, we don’t have anything to show for … Show Me More!