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Insurance: The Black Sheep of Our Personal Finance Family

This may see like an odd time of the year to be discussing insurance. No doubt your mind is geared toward preparing for Christmas and figuring out how to save money on all the presents, decorations and food you will buy during the holidays. There is a reason however why this is coming out now, one that highlights an issue many people have when it comes to insurance.

insurance neon signI’ve put off talking about it…for months.

This post idea to go over the basic reason why we need insurance has been listed in my “blog topics to cover” spreadsheet since March. But I keep putting off writing about it, pushing it back month after month. Honestly, I don’t enjoy researching and talking about insurance.

It’s like the black sheep of the family. Every family has one at some level, right? That person who brings immediate tension to the room whenever their name is brought up? That historical figure we’ve conveniently deleted from the family ancestral tree?

Insurance is that black sheep in our personal finance family. With the exception of insurance salesmen, I don’t know anyone who gets up in the morning fired up about reviewing insurance policies. I’ll worry about saving, getting out of debt, investing, budgeting, root canals…anything before insurance.

Is it just me or is anyone else with me on this? Insurance can be really frustrating and confusing to deal with.

But I know it’s important and that I need it…badly. Without it I could be putting myself in serious jeopardy.

The Basic Reason We Need Insurance

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