• Money-Do: Questions To Ask Before Saying ‘I Do’

• by krupp

Love may be blind when it comes to certain traits about your significant other, but seeing eye-to-eye on financial matters before getting hitched can save you and your loved one a lot of heartache down the road.

Considering that 21% of divorcees cite money problems as the main cause of a failed marriage – and factoring in the high cost of a divorce – it’s a subject that most experts say is vital to discussing before taking the plunge.* Here are four critical financial questions to ask your partner before saying “I do”:

What is your credit score? If you’re thinking of marrying someone, you’ll want to know if that person will bring as much to the table as you will, and vice versa. A low credit score can always be improved, but if you’re thinking of tying the knot, you have a right to ask. If your mate is forthcoming about a bankruptcy, it may not be the end of the relationship, but you’ll sure be glad you found out.

How much debt do you have? You’ll definitely want to know if your significant other has a significant amount of debt before you pledge to spend your life with them. If a large percentage of their income goes to debt repayment, you’ll need to consider how it will affect your household budget.

What are your financial goals? The financial goals of a person can be very telling about them, especially if that person is a future spouse. Where do they see themselves at 65? Do their financial goals coincide with yours?

Should we combine our finances? Do you like the idea of a joint account or are you more comfortable with separate spending? Discuss the pros and cons of both scenarios as well as a combination of both.

*Magnifymoney.com, “21% of Divorcées Cite Money as the Cause of Their Divorce,” February 13, 2017

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• Primerica Gives Back Through Employee Choice Grant Awards

• by krupp

On May 23, the recipients of the 2017 Employee Choice Grant Awards program gathered together with Home Office employees and members of The Primerica Foundation for a special recognition event.

Primerica Home Office employees have the opportunity to nominate and choose from among a diverse selection of deserving non-profit organizations once a year. The Primerica Foundation awards five local non-profits with $10,000 each following the company-wide vote. The awards are designed to recognize smaller organizations that are making a strong impact in the local community.

The top five winners of the 2017 Employee Choice Grant Awards included Alzheimer’s Association of Georgia, CURE Childhood Cancer, Hope Animal Assisted Crisis Response, MUST Ministries and the Will to Live Foundation. To date, 28 non-profits have received Employee Choice Grant funding from The Primerica Foundation totaling $280,000.

Tom Gonter, Development Officer for MUST Ministries, says funding from The Primerica Foundation carries long lasting value to those who truly need it. “It makes a huge difference,” he says. “Because of your gift, the lives of others are transforming. Your generosity to those in need is benefitting some of the 30,000 clients a year who come to MUST Ministries seeking help and hope.”

The 2018 Employee Choice Vote will take place in the fall.

ABOUT THE PRIMERICA FOUNDATION

The Employee Choice Grant Awards is only one area of community outreach funded by The Primerica Foundation. Since its founding in 2010, The Primerica Foundation has awarded more than $6 million in grant funding mostly throughout Gwinnett County and Metro Atlanta. Self-sufficiency for low-to moderate income populations is a priority for Foundation funding.   Grant funding from The Primerica Foundation is by invitation only.

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• Save Money on Food

• by krupp

You’ve got to eat – but spending money on food can be costly. Did you know the average household spends on average $3,008 a year on dining out?¹ Add to that the modest average of $7,200 per year U.S. families spend on groceries ($600 a month)², and you’re talking about some serious dough! Here are some tips on how cut your food spending:

Only Buy What You Need: A general rule of thumb has been that buying in bulk will help you save money in the long run. However, a recent survey found that shopping at club stores could actually be bad for your budget, and your waistline. Specifically, the study found that those who shopped regularly at club stores had a 5% increase in the amount of money spent on packaged food per person in the household, a 15% increase in the amount of time spent shopping, and an 8% increase in calories consumed.³ Instead of “saving money” by buying in bulk, start by making a list of what you need to feed you or your family for a week, decide how much you can spend, and pick a day to shop for only those items.

Don’t Waste Food: Despite being a cost-effective way to feed your family, a growing aversion to eating leftovers accounts for a large part of food waste at home. A recent study found that American consumers throw away 27 million tons of food each year.⁴ The reason for this? They either thought it had spoiled or they didn’t want the leftovers. While one solution is to learn to love your leftovers, another (and perhaps, more practical) way to stretch your budget is to plan meal your portions so you don’t have any leftovers in the first place.

Be Smart About Food Storage: Knowing how to stock your refrigerator and pantry to maximize the shelf life of your food is a great way to stretch your dollars and cents. Milk, eggs and raw meat are best kept in the lower shelf of your fridge, where temperatures tend to be colder, and the upper shelf, which is the warmest part of the fridge, is where you could keep condiments and items less likely to spoil quickly.⁵

 

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1 CNBC.com, “90% of Americans Don’t Like to Cook — And It’s Costing Them Thousands Each Year,” September 27, 2017

2 USAToday.com, “Take a Bite Out of Your Food Bill: How to Save Money on Groceries and Dining Out,” November 27, 2017

3 Money.CNN.com, “Club Store Shopping Makes You Spend and Eat More,” November 24, 2017

4 WashingtonPost.com, “Why Americans Have Stopped Eating Leftovers,” October 31, 2017

5 TheGlobeandMail.com, “How to Organize Your Fridge so You Don’t Waste Food (And Money),” November 16, 2017

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Posted in Primerica |

• Primerica Leads in Relay for Life Fundraising

• by krupp

Primerica doesn’t mess around when it comes to raising money to fight cancer.

The department teams and individuals at the Home Office raised more than $107,000 this year, surpassing their $80,000 goal. It is the largest amount Primerica has ever raised in one calendar year for Relay for Life.

For the past seven years, Primerica has been the presenting sponsor for the annual Relay for Life event in Gwinnett County, GA. This year, the event took place on May 11. Primerica was awarded the Spirit of Giving Award at Relay for being the current fundraising leader.

Primerica held a number of fundraising events this spring, including corn hole and basketball tournaments, a tricycle race and high heel hustle, several cookouts, a fish fry, bake sales, jeans days, a thank you day, a book sale, a dance class, a silent auction and multiple raffles.

Thank you to everyone who participated in making this year’s fundraising efforts so successful.

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• Primerica Achieves All-Time Monthly Record

• by krupp

 

Primerica just paid out an all-time one-month record of $76.1 million in cash compensation in April. This record shows that Primerica is helping more Main Street families than ever before, and our Opportunity, products and solutions have never been better.

We have more leaders than ever hitting milestones, making a difference and creating a lasting legacy for their families. Right now, leaders are focused on breaking more records, crossing over milestones and reaching big goals by the 2019 Convention.

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