So how do you measure a year? How about 12 years? Do you measure in sunsets? love? or with the financial journey you’ve been on?
I can’t believe that my baby boy started 7th grade on Monday, or that he is going to be 12 years old in a month. I look back on his life so far and I can’t believe how much he has been through, how many cities we have lived in, how many friends he has acquired along the way, and how resilient he is. I can’t believe how much we have been through together and how our relationship has evolved.
He really gets the best of me with his non-stop mouth talking about video games and shows that he watches on TV. Like seriously? I could care less! But when he talks to me about girls, or school, or the fact that he really wants to start taking hip hop lessons, my heart swells so large that I can feel it in my throat and down in my stomach. It consumes my being, and warms my soul.
Sometimes I think back on our life together as single mom and son. Those 5 years really molded me as a mom and a woman. I had to go from child to adult, and bring The Nerd (whose real name is Styles), along with me. I feel bad that he has had to grow up with a young mom who is exploring life and trying to figure out who she is all at the same time. I worked two jobs to make ends meet while also going full time to college to better our lives. My family chided my decision because it meant that Styles and I didn’t get a whole lot of time together, but I had to do what I had to do to pay the bills and become the best mom I could be. I wanted the best for him, and if that meant trudging through the ROUS infested, snow sand riddled forest, I was going to do it.
I can’t help but bring finances into my memories of us as single mom and best boy. Finances consumed me. I had to provide, and provide I did! Now that we are a little more comfortable financially thanks to The Workaholic and this blog, I find myself thinking about ways that we can make our financial futures even more secure.
I’m a total SPENDER! but I am trying to learn to slow down, take it easy, and sock some finances away for truly rainy days. Aside from having a savings and a retirement plan, having life insurance is so important. Before we started the step-parent adoption process, I worried on a daily basis about what would happen to The Nerd if something happened to me. I wondered how The Workaholic would pay for my enormous celebration of life and subsequent after-life necessities like a marble mausoleum with stained glass windows. I wondered how on Earth he would provide for the children. Sure, he’s been the breadwinner, but let’s face it, his current child care is completely free. Placing two children in day care and another in after school care would be incredibly expensive.
But there’s still that whole “budget” thing at play. We’re a family of 5 living on the salary of a man who is only 24 and just getting started in his career.
(Yeah, The Workaholic was 12 when The Nerd was born – you’re welcome for doing the math for you).
We have three children who eat all day long, we have basic needs, and there just isn’t a whole lot of extra at the end of the month. This budget calculator from Genworth can help you decide if there are small areas in your life that you just aren’t thinking about, to cut out and save you enough money to buy quality life insurance.
I answered that I could spend about $25 per month on life insurance. By cutting out one latte a week (which is like all I get these days – I might die from the lack of expensive coffee shop coffee once a week), I can add an additional $16 per month to my expenditure, which takes my life insurance from $500,000 to $1Million.
I suddenly don’t feel so bad if something happens to me. I mean, aside from the fact that my kids wouldn’t be exposed to my awesome every day for the rest of their lives, I can trust that they will be well taken care of financially in my absence.
You never realize how important life insurance really is until you lose a loved one and have no way to support yourself when they are gone. No amount of money could ever replace the feeling of hugging them next to you, or of hearing them breathe while they are sleeping. No amount of money would ever bring that person back.
But knowing that if something happens to you tomorrow and that your spouse and children will not suffer financial burden, can alleviate any misgivings you might have about your always very uncertain future.
So what if you’re a stay at home parent! Stay at home parents might not bring in any physical money, but their contributions to the family unit are enormous. I recently found this article on why Stay at Home Parents should also have Life Insurance and it really hit home for me. The Workaholic has a term life insurance policy, but we don’t have me covered.
Being a stay at home parent may be a thankless job, but the loss of a stay at home parent would be just as great as losing the working parent, their roles are just vastly different.
So stop counting yourself unworthy, and make room in your budget for life insurance. Your kids deserve it, and you deserve peace of mind knowing that they will be provided for should your tomorrow never come.
This post has been brought to you by Genworth in partnership with Brandfluential, all because The Nerd’s birthday is coming soon and I realized that my value as a stay at home parent is priceless. All thoughts are my own.