Women’s Personal Finance Wednesdays – Week 27
1. Hidden Costs of Caring for a Loved One Baby Boomer Super Saver
This is something I’ve never had to deal with personally, and like everyone who hasn’t, I hope it is something I never will have to deal with. Unfortunately, caring for a loved one is something many of us will experience at some point in our lives in varying degrees.
Of course, sometimes this means just making sure you are financially set up to take care of that person when the time comes, but there is a whole lot more to it than that. As women we are extraordinarily more likely to end up being the primary caregiver in situations, and it’s something we all need to be mindful of. I really appreciate this candid take of what it really looks and feels like from someone who knows.
2. Looking Back – Seven Years After Septic Shock Chief Mom Officer
Another woman who knows acutely what it looks like when your spouse has unexpected – and severe – health concerns is Liz. Her husband spent a significant time in the hospital after a routine surgery became not so routine, and, as the primary breadwinner, she had to find a way to become the primary caregiver to their two young children as well.
It’s been seven years now and her husband is doing well, but those lessons learned are ones they feel acutely to this day. As she says in this post: “You don’t feel the true weight of debt until you’re in the middle of an emergency situation like we’ve lived through.”
Knowing that crushing weight was a significant driver in their push to become completely debt free, including their mortgage, so that they would never again have a financial weight hanging over their heads like that again. And as of Sunday, they have paid off their mortgage and owe money to no one.
3. Expat Medical Insurance and Medical Tourism All Options Considered
Something that I know almost nothing about but is completely fascinating to me is the idea of medical tourism. While this is obviously not an option for everyone, it’s a topic that comes up quite regularly in the financial independence community and one that seems to get a lot more theoretical discussion than actual experience with the process.
Ali and Alison have both FIREd (are financially independent and are early retired) and are currently slow traveling around the world without a home base. Because of that nomadic lifestyle, they’ve experienced first hand what medical care looks like in other countries – specifically as American expats – and do a great job detailing out that experience. For anyone who is considering a similar lifestyle in the future (or if you’re just interested in following along vicariously like me), I’m loving this straightforward look at what a life like this really might be like.
Not a blog post, but a feature on ABC News. While not solely about Cents Positive, there’s a wonderful section about the event and Tanja of Our Next Life, the retreat’s founder, as well as Kara, her podcast cohost. More press on the female side of financial independence is always awesome to see, and they did a very good job on this one. Ps – pay attention around five minutes in and you’ll catch a couple glimpses of me in the background 😉
I hope you enjoy the posts this week as much as I did. I read a ton of content and it was hard to narrow down my favorites. I’m looking forward to sharing some new ones with you again next week!