In our increasingly digital world, it’s not only your physical property that holds value, it’s also the assets you’ve built up online. That includes money you hold in online-only accounts like PayPal, as well as files like your Kindle e-books and iTunes music. Important stuff—and yet, it’s often overlooked in estate plans.
Your need for life insurance changes with the stages of your life, starting with no need when you're young, progressing to greater and greater need as you take on more and more responsibility, and finally beginning to diminish as you grow older.
Start an emergency fund by setting up an automatic transfer every payday from your checking account to a savings account. The amount can be small--$50 or $100, and you can periodically bump it up by $10 or $25 until your savings goal is met.