A Penny Saved

This post is the third in a series of 10 that covers each point of the MSN Money top 10 mistakes and hopefully will elaborate and add a little new parent thinking to the equation.

Money Mistake 3:

Buying Life Insurance for Baby

If an insurer tries to peddle you life insurance for your kid, walk away.

I couldn’t agree more. There are many justifications that an insurance salesperson will try and use to make a life insurance policy on your baby look like a smart idea, but the truth of the matter is that it is one of the worst finanacial steps a new parent could take.

Part 2: Shrugging off disability Insurance

Part 4: Delaying saving for college

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