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Moving Out

Moving out on your own is an important first step on the path toward independence. Whether you are heading off to college or moving across the country for your dream job, now is the time to equip yourself with the knowledge and tools you need to help create a solid financial foundation.

Managing a budget
Living on your own means more expenses — groceries, rent, utilities, insurance, entertainment and clothing. You may also have longer-term debts like student loans and car payments. And, it’s important to consider saving for future needs like buying a new car, saving for the down payment on a home and even funding your retirement. Establishing a budget for these expenses is the first step to financial responsibility.

Buying a car
Aside from being the law, it’s smart to have car insurance to protect against financial loss from collisions, vandalism, theft and other situations where damage or injury may occur to you or others. If you are at fault in an auto accident, your car insurance can pay for damages to the other vehicle. You’re even protected if you’re in an accident with someone who has little or no car insurance.

Remember, accidents and violations can affect the premium you pay for car insurance. Other factors in the cost include the make and model of your car and your age. Finally, your premium depends on the coverage you need and any discounts available to you.

Protecting your home and belongings
Take a quick mental inventory of the things you own. If it all had to be replaced at once, could you afford it? Don’t forget things like your computer, iPod, cell phone, TV and all the items in your drawers and closets that you currently depend on — chances are, the cost would be much more than you imagined. Whether you need homeowners insurance or renters insurance, it’s less expensive to protect your belongings than replacing them in case of a tornado, fire or theft. To help keep track of your personal property and its value, use our handy home inventory kit.

Life insurance for a financial foundation
Buying life insurance when you’re younger and healthier is a smart choice. Not only is it more affordable, but it can provide benefits to you while you are living — like cash value for emergencies — and death benefits for your family to help cover the cost of student loans or other debts. Owning life insurance can help you build a secure financial foundation while protecting those you care about from the burden of your financial obligations.

Farm Bureau can help you take the steps to protect yourself and your belongings as you’re moving out, so you can feel confident about your financial future. To get started, find a Farm Bureau agent today .

 

 

Life insurance can be a valuable asset after your death and while you’re living.

Buying a Home
Protect your dream home from the unexpected with the right insurance.

Buying a Car
Choose the right car and insure it properly so you are prepared for the unexpected.
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Securities & services offered through EquiTrust Marketing Services, LLC+, 5400 University Ave., West Des Moines, IA 50266, 877/860-2904, Member SIPC. Property-casualty insurance products are offered through Farm Bureau Mutual Insurance Company+* and Western Agricultural Insurance Company+*/West Des Moines, IA and are intended for residents of AZ, IA, KS, MN, NE, NM, SD and UT.

Life insurance & annuity products are offered through Farm Bureau Life Insurance Company+*/West Des Moines, IA and are intended for residents of AZ, CO, IA, ID, KS, MN, MT, ND, NE, NM, OK, SD, UT, WI and WY.

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