The first year of a childâs life is usually one of the priciest, costing the average parents upwards of $8,000 in extra expenses. If youâre expecting a bundle of joy in the near future, check out this baby cost calculator for a detailed list of what items baby will need and how much they could set you back.
Condo insurance costs vary. The cost of condo insurance, on average, ranges from $100 to $400 per year, depending on the value of your personal property and the type and amount of coverage you carry.
By the time the kids are salary-earning adults, they won't need the payout, and hopefully, your assets would be enough to support a surviving spouse. You need a lot of life insurance for 25 to 40 years, says Hunter, but not much after that â which is what term policies are designed for. And the savings are significant. A healthy 45-year-old non-smoking man could get a 20-year, $500,000 term life policy for about $615 a year.