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Living on my own?

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igonna have to leave home soon when i turn 18 so im making my financial plan. its kinda hard and im not sure if ive got all the correct numbers. how much does life insurance, dental insurance, and healthcare cost?

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  1. If your job comes with health and dental benefits so much the better.  If not, you can try and get into your husbands plan at his work. Life insurance is a misunderstood expense. There are two types, term and cash value.  Beware of good rates because at the end of a term life insurance policy you get no money.  The good news is you are still living. Invest in a 401k program or a retirement program run by Nationwide or other recognized company.  The social security benefits promised to generation next and the post modern generation may not exist as they retire.  And here's the biggie; your rent should be 1/4 your income.  If you have credit card debt, try to pay it off by the time you are 37 so that you can start saving for retirement.


  2. I have it through my job, I pay around $300.00 a month

  3. A LOT!  The best thing would be if you can get a job that will offer those benefits.  Or see if you can remain on your parents plan (most allow you to stay on if you're in college) and just pay them.  Health insurance alone is at LEAST $100/month

  4. A very complex question.  Let me ask you a few of my own: what state do you live in? Do you have a job? How are you going to pay for housing and food?

    Insurance cost is dependent on the state of residence, financial situation and many other factors.

    If you are working your job may provide you with all the insurances you listed.

  5. A lot. If you are 18, you may still be able to be covered under your parents health insurance (most plans allow children to be on them until they are 23, and remain a full time student in school). If that isn't an option, I would highly suggest finding a job that offers health benefits. When I was between jobs, I had to use COBRA, which is an "in between" insurance that any American is eligable for, problem is, it's over $500 a month! Many jobs will surprise you with the kind of benefits they offer, even working in a supermarket can get you health care for as little as $16.00 a week. I wouldn't try to go completely out of pocket though, look into getting it through work. Also, if you get into a bind, there are state and federal programs, such as Medicaid, that you may be eligable for based on your income.

  6. Unless you already have kids or are worried about other relatives, don't waste your money on a life insurance policy.  Purchasing an insurance plan with health and dental is very expensive.  You should wait until you're employed, this will ensure that your employer will pay a portion of the cost.  But you and your parents may not know that if you are still a student, or in other life situations, you may still be eligible to be listed under your parents' health insurance.

  7. Health care is a huge expense in the US.

    You might want to consider a job where the health insurance is included
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