Key character in Margaret Mitchell’s epic novel, Gone With the Wind, Scarlett O’Hara, handles difficult situations by kicking them down the road with signature line, “I’ll worry about that tomorrow”.
Not having a plan to replace your family’s lost income stream if you don’t survive an accident or illness this week is precisely, “I’ll worry about that tomorrow”.
How many times have you seen a story on local TV news about someone’s death or disabling injury, followed by: “A GoFundMe account has been set up at XYZ Bank to pay for the funeral…or hospital bills..etc.”
What is your plan? If your are financially secure, make sure your survivors have access to cash in an emergency. If you and your spouse or trusted partner have separate savings/checking accounts, consider updating them to joint accounts. Consider other ways to address financial issues now rather than ignoring them.
Today, start building a rainy day fund to cover at least six month’s family living expenses. Do it now with cash and Life and/or Disability Income Insurance…then take it off your, “I’ll do it tomorrow” list.