Smart Investment Tips For Families

Tuesday, September 19, 2017
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Securing your family’s financial future should be at the top of your list of priorities. Making sure that you’re all provided for, for the rest of your lives, means being sensible with your money now. Saving up cash is one way to do it, but it can be difficult when you’re covering the costs of running a household and providing for a family. If you want to see that money grow into a healthy sum for the future, you need to invest it wisely. Here are a few suggestions for smart investments that are perfect for families.

Life Insurance
Life insurance is important for families because it gives you a safety net in the event of a death of a primary earner. Not many people know that life insurance is a smart investment, but financial planners always recommend it. has great information on using life insurance as an investment. The premiums that are paid into your life insurance have a cash value and are tax exempt so paying into a policy can cut your tax bill. But the main investment benefit to a life insurance policy is that you can use it as collateral for a loan. The more that you pay into your policy, the more you can borrow against it later. You can use this as a great fall back option if you ever find yourself in serious financial trouble.

Energy Stocks
Investing in energy stocks can be a risky business but energy stocks are a fairly safe market for beginners. It’s true that they’ve been unpredictable in the past but in recent years they’ve been growing steadily. Energy prices are constantly on the rise so their stock is set to rise as well. Before you decide to invest in stocks, speak to a professional and get some advice to make sure that you don’t risk losing your hard earned savings.

Savings Accounts
The best, low risk investment strategy is a savings account. Putting your money into a high interest account is a great way to watch it grow without the risk of investing in stocks and shares. However, savings accounts aren’t as completely safe as people often think that they are. Lots of people often forget about the effects of inflation. If the interest rate on your savings account is lower than the rate of inflation, your money will actually lose value in real terms. You can avoid this as long as you keep an eye on the rates and if inflation is outweighing your interest rate, look around for different accounts with a better rate. has a great guide to the best savings accounts out there right now. Moving your savings regularly is the best way to make sure that your savings don’t lose value.

Start A Small Business
These days it seems everyone has a side hustle. If you think that you’ve got good business sense and a great ideas as well as a bit of money behind you, why not consider starting a small business? Being your own boss means you’ll get more time to spend with the family and you can all pitch in to help out. You don’t need to be a huge company to bring in enough money to help secure your future.

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