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Time to Think About the Future: 3 Ways to Protect Your Family

June 11, 2020

June 11, 2020

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Due to the fast-paced lives most of us live today, we tend to live in the present and schedule each day while losing sight of our long-term plans. Of course, some dreams are still there, but we might always feel too busy or stressed actually to work towards them. However, when it comes down to protecting your family, planning can help you support your loved ones during (possible) rainy days. Of course, each family has to deal with different situations, but anybody can start from the tips below to start building the peace of mind you might have never been able to enjoy.

Insurance

Investing in insurance – whether this is for your life, house, or car – can represent a significant investment for most families. However, such a simple policy can genuinely help you make it through accidents and medical emergencies without having to burn through all the savings you had been working on for years. There are several policies that you could consider. They should reflect your lifestyle and cover the risks you are the most exposed to.

Injury lawyer Jonathan Rosenfeld reports that, just in the State of Illinois, over one thousand fatal car crashes and collisions happen every year. Especially if your teens are about to enjoy driving their first car, thinking about investing in insurance can have many benefits. Of course, such policies might not represent the solution to your problems, but injury lawyers and coverage can help you cope with such a dramatic moment in your life.

Save

Saving up for future dreams might require you to undertake several sacrifices. Maybe you won’t be able to afford the car you wanted or pay for the trip you had been dreaming of for a while. However, saving now means that your little ones can one day enjoy college life and follow their dreams.

This point might seem particularly tricky if you already struggle to get to the end of the month. However, in this case, speaking to your partner and kids about this topic can help you come up with the best solution – and get everyone to embrace a new lifestyle.

Start a side hustle

Thinking about everything that you have done for your family until now might make you proud of the women or men you have become over the years. However, due to the very unusual and unsettling time we live in, no efforts are enough to be completely comfortable. Instead, if you already have a passion you would like to develop further, turn it into a profitable side hustle from which everybody can benefit.

Having a side hustle does not mean that you have to be away from your little ones or agree to immense sacrifices. However, even spending an empty afternoon working on a passion project can turn out to be profitable one day. In turn, what it might have seemed small at first, can help you pay for medical treatments that a member of your family might need or for emergencies.

While focusing so much on your future dreams and contingency plans, don’t forget to carve out enough time to have valuable experience with your parents, partner, kids, and friends!


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Successful Black Parenting is proud to announce that we are bringing our readers more researched-based content written by the members of the American Psychological Association’s (APA) RESilience Initiative, which provides resources to parents and caregivers for promoting the strength, health, and well-being of children and youth of color. We will also feature their members who have contributed articles to Successful Black Parenting on our BackTalk podcast. Learn more about the RESilience Initiative at www.apa.org/res.

THE AMERICAN PSYCHOLOGICAL ASSOCIATION'S (APA) RESilience Initiative

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