Financial hot rods to ensure you get out of debt and make money!

My wife and I are both in our fifties and the newspapers describe us as Dinkies which as I write this I don’t know what the ies stands for but we have a double income and no kids. Or rather to be completely accurate about this, our children have long since left home which I’m sure makes us empty nesters or is that the children I’m not sure. We both have reasonably well paid jobs. That is to say, compared to the national average wage we do, but compared to our friends we are about normal. Perhaps if they had a survey that compared you with the people you wanted to be compared with more people would take notice and read it. Whilst they are at it, it would be helpful if they could explain what the ies stands for and what exactly a empty nester is and I’ll start to sound like I know what I’m talking about. Anyway the reason for me penning this was to say that there are probably many others in our situation that once they find themselves in the years between kids and retirement probably tend to think of their pension as their priority and they would probably be right. However, most people are likely to have had a mortgage and possibly switched from a repayment to an interest only and not switched their life insurances or mortgage protection quotes so potentially leaving them selves with a shortfall should the worst happen before the mortgage is paid off. It’s probably worth checking as we have done and we did have to put some more cover in place. Clearly we could’ve chosen not to do so, as we do have additional life cover through our employers however, as the economy is in a state of flux at the moment, who knows if our jobs are likely to be there in a year or two’s time and as our state of health is reasonably good at the moment it seemed to make sense to do it now as we never know what around the corner.

Source: http://mortgageprotectionquotes.org/blog/2011/11/17/dont-waste-money-get-many-mortgage-protection-quotes-possible-buying/