One of the biggest financial mistakes that I see on a regular basis is the undervaluing of a stay-at-home parent. This is most evident when we look at the life insurance purchased to protect the family. Ignoring the importance of insuring the “primary care provider” is a heinous error. Especially considering how inexpensive it can be to properly insure a stay-at-home parent.
Do NOT neglect to insure the non-breadwinner of a family. Often times it can cost less than $30/month to buy the right life insurance protection. Don’t know how to do this? Hit me up, and I’ll tell you.
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.