We’ll be rich…when we die!
30th August 2006
Now that Eric and I, at a withered 30 and 27, respectively, have a house, two cars, a dog and a baby (the Suburban Dream!), we figured it was time to get our tiny finances in order.
We now have a financial planner. And diversified mutual funds in growth and aggressive and international funds. Or something. I have an RRSP account with no money in it. Lucy has an RESP with a $1 balance. Oh, and we’re getting some life insurance because we’re underinsured for, like, a million dollars (I’m not kidding).
Snore. The cumulative four 4.5 hours we’ve spent with Money Lady have been the most boring, brain-numbing, make-me-feel-stupid, but ridiculously important time in my life.
Before Lucy, money matters weren’t really on our radar. We just wanted to pay off debts and stash some money away in the Holy Shit the Car/Air Conditioner/Dryer Broke Fund.
But now. Lucy. Now it’s different. What if something happens to Eric or I, or both of us? We don’t want Lucy saddled with expenses. We want there to be education money and funds so someone could stay home with her for a year.
(A family member’s father died, tragically, when she was quite young, and she said he having his finances in order made a huge difference to her mom and her. Her schooling and wedding were paid for out of that money. This really touched us and stoked the fire under our butts to get things settled.)
It was a little morbid, though, sitting in Money Lady’s office and having her turn from the computer and ask, straight faced, how much we think our funerals will cost. ($10,000 each should cover it. I hope. Just send us the bill. Hahaha. *ahem* Sorry.)
Our wills are next.
Geez, when did I stop dancing half naked in my suede boots in downtown clubs and start spending my Saturdays changing poopy diapers while discussing retirement and mortgage insurance and death? Gah.
Good thing it’s worth it:
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