# Insure yourself against financial ruin. There should be no higher financial priority in your life than health insurance. Without it, if your health takes a turn for the worst, hospital bills could easily bankrupt you and your family. # High deductible is your friend. Keep those monthly premiums as low as you can. # Don't use insurance as an investment vehicle. Liquidity and certainty are not on your side. # Have enough. Have enough life insurance to replace at least five years of your salary, ten years if you have kids or significant debts. # Don't have too much. You need health insurance. If you're single and have no dependents, you don't need life insurance. # Think about insurance before you buy a car. Typically, the more expensive your car, the higher your insurance cost will be. Take this into account when buying a car. # Choose the right car insurance. Don't assume you should get the cheapest auto insurance or the one with the most protection. Find out exactly how much coverage you need. # Consider dropping collision coverage. Especially if you have an older car, there's not much sense in protecting it against getting wrecked if it's already a wreck. # Buy homeowner and auto coverage from the same insurer. You'll usually get a better deal than you would if you bought the two separately. # Write a will. If you have any dependents, you need a will. Write one and protect your loved ones.
www.yourcreditadvisor.com/blog/2006/10/102_personal_fi.html
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