Before you can think about investing or buying insurance, you need to think about funding for these 2 items in the long run. Lets just say that buying a whole life policy is not a 1 year 2 year affair. You will be paying for almost 20 years to probably when you are 65 years old (And it can get even longer then that!)
To grasp you can commit long term cash to such items, you will need to have a strategic budgeting plan for your family or your combined disposable income.
My plan entails 10 steps. And through the following illustrations I will show you the thoughts and technical aspect of creating a budget plan.