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Christmas Present Tips for Guys

Christmas Shopping Tips for Guys

giftgreen1Most of us guys are useless at Christmas shopping. Here's a few tips I've picked up over the years.

Ladies, you might want to share this with the men in your family to avoid getting an undesirable and badly wrapped present this Christmas.

  1. Buying your Christmas presents at a petrol station or dairy on Christmas morning really isn't the done thing - apparently not everyone wants a funnel, box of biscuits or a car care kit. Don't do it.
  2. Get started early, no not on Christmas Eve, yesterday was already too late.
  3. First thing in the morning is the best time to Christmas shop, and I mean first thing, teenagers are still in bed.
  4. It's not the thought that counts, it's how MUCH thought that counts.
  5. Cash is a GREAT present for teenagers - and me.
  6. If you must give gift vouchers make sure they are from a shop the recipient actually shops in and try and avoid those with an expiry date.
  7. Wrapping and cards are important, you and I know it's just paper but for some reason they are important.
  8. Before you start browsing in a shop check that it does gift wrapping and accept the service - wait if necessary. If the shop doesn't do gift wrapping move on to the next. Unless you are an expert present wrapper - Yeah Right!
  9. Even if every present you buy is gift wrapped, buy plenty of wrapping paper and sellotape. You are going to need it because dairy's and petrol stations don't gift wrap and being a bloke you'll probably ignore number 1.

Guys ignore the above at your peril and have a wonderful Christmas.

Posted in Protect Your Family.

Do you need life insurance at all?

An interesting statistic, that is often ignored, is that 100 of every 100 people alive today will die.  That is called 100% mortality - No one gets out alive.

We know it is going to happen – that “statistic” is a surprise to nobody.  Yet many people have a fear of discussing life insurance – or think it isn’t necessary for them at the moment.  Sometimes people are quite correct – they do NOT need it.  But how can you tell if you are unsure?

There are 2 key areas to think about when considering Life Insurance:

  • When is it necessary?
  • And when it is, how much do you need?

Life insurance is a waste of money for anyone who has no dependants or liabilities that their existing estate couldn’t meet.  In other words, when there is no-one else financially dependent on you there is no real loss that requires life insurance to step in and fix.

There are 2 possible exceptions to this general rule though.  Sometimes a lender will insist on some cover to increase their lending security, and sometimes people will start an insurance program before they actually need it just to ensure they get cover on good terms (guarantee their insurability while they are in good health).

The other side of the argument of course is you  DO need life insurance when someone else is dependent on your financial contribution and will suffer a financial loss if you die.  If you aren’t around anymore, but the need for your financial contribution is, then you should have life insurance.  Nothing else is quite as certain to walk in the door and help a family on the day you no longer can.

How much one needs is the tougher question, and can often only be adequately answered with trained and professional advice.  There are various methods used to determine the value of a human life, and each method has some merit.  One DIY way of getting a feel for what you may need is to do your own basic “needs analysis”.  Just pretend you aren’t here any more – and then get your partner to work out what they need coming into the house starting next week.

What last expenses are required (the settlement of estate, funeral expenses, etc)?  What loans or liabilities need to be removed?  Is there a need for an emergency fund to see a family through for 3-6 months?  If so, how much?  Does money need to be set aside for other purposes, such as children’s education, or a partner’s retirement fund?  Spend the money.

Your partner then does the same – and you may come up with different amounts and that is okay.  Just because less insurance is required for one person in a partnership it doesn’t diminish their value.  You should be working out what you need, not what is politically correct.

Don’t be scared of large numbers either – sometimes the numbers appear very large indeed.  But insurance has never been cheaper than it is today.

Life Insurance

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