StashLearn
Get the app
Get the app

Join millions of investors on Stash

Investing, simplified

Start today with as little as $5
Get the app
Stash

Your Financial Life Checklist

March 29, 2018

3 min read

Make sure your home is insured, whether you rent or own.

Get term-life insurance now.

✔ Refinance your student loans.

✔ Create a will.

Start saving for your future with Stash Invest and Stash Retire.

Item #1. Protect your stuff

Good news for homeowners and renters: It doesn’t cost a lot of money to protect your stuff. Homeowners or renters insurance protects all your valuables in case disaster strikes, and can even cover your living expenses if you have to be out of your apartment or home for a while.

No more forms, phone calls, and headaches. Now, you can get a policy that’s just right for you, right from your phone. You can get covered for a long list of things, including theft, fire, and third-party injuries, in less than 3 minutes. Yes, really.

Get Renters or Homeowners insurance

With Lemonade*, you can get a policy starting at $5 a month.

Get protected

Item #2. Protect your family

We get it. Buying life insurance seems like a really adult decision. But really, it needn’t be so scary. It can actually be a really easy way to avoid a lot of really big problems.

There are lots of different types of life insurance. Whole life insurance covers you for your entire life and has a cash value. Term-life insurance provides coverage over a specific period of time. This can be 10 years, 15 years, 20 years, or more, depending on what you choose. Term life insurance tends to be the cheapest option if you only need protection for your family and dependents for a specific amount of time.

A term-life insurance policy can provide a financial safety net for your dependents in case of your unexpected passing. Who are dependents? They’re anyone that relies on you financially (your kids, an elderly parent, younger sibling). It can help your family play the bills if anything should happen to you. This can include outstanding student loan debt, medical debt, or other outstanding expenses.

Here’s the good news: The younger you are, the more affordable your life insurance is likely to be. You can lock in a premium rate that will stay the same for the entire term of your policy, or you can lower your premiums later on by adjusting your insurance coverage as your needs change.

Get term-life insurance

Ladder* can give you a quote online in seconds.

Get a quote

Get term-life insurance.

Ladder* can give you a quote online in seconds.

Get a quote

Item #3. Create a will

Take control of what happens to your money, property, and the things you care about. You’ll need a will to manage your assets and help the ones you love once you’re gone.

A will may be the most essential document you’ll ever make. Creating one is easy and affordable.

.

Item #4. Refinance Your Student Loans


Student loans are a fact of life. In 2018, around one in four American adults are paying off student loans, with the average borrower owing
$37,172.

By refinancing your existing student loans you could see a dramatic reduction in your interest rate – lowering your monthly payments. And that can mean more money to put aside for your future.

You can check and see if you qualify for a better rate with LendKey*.

Item #5. Start investing for your future

Here’s the straight truth: You don’t need to be rich to be an investor. A little money, put toward a diversified portfolio of investments, each week over time can add up to a bona fide nest egg you can be proud of.

It’s easy to invest for long-term goals like saving for a down payment on a house while you’re saving for retirement. In fact, you can do it with Stash.

Stash Invest and Stash Retire are two different investment accounts (with unique tax advantages) that you can sign up with from your computer or phone. No forms, no hassle, we guide you every step of the way.

Already have Stash? Now you’re ready to put the pedal to the metal. Investing money on a consistent basis is easy when it’s automatic. New investor, meet Auto-Stash.

Start where you’re comfortable and scale up from there.

Sign up for Stash Invest. Start with just $5.
Sign up for Stash Retire. Open an account with just $15.

Investing, simplified

Start today with as little as $5

Get the App

By Lindsay Goldwert
Lindsay Goldwert is Senior Editor at Stash.

*  Stash is a paid marketing partner of Lemonade, Ladder, LendKey, and U.S. LegalWills. All content provided herein is for informational purposes only.

 

Next for you
A Quick Guide to Term Life Insurance (And Why You Need It)

Investment Profile

Bonds Worldwide

An International Bond ETF on Stash

Learn more
Explore more articlesChoose a topic to learn more about
pop culture budgeting Retirement social media politics
Disclaimers

This material has been distributed for informational and educational purposes only, represents an assessment of the market environment as of the date of publication, is subject to change without notice, and is not intended as investment, legal, accounting, or tax advice or opinion. Stash assumes no obligation to provide notifications of changes in any factors that could affect the information provided. This information should not be relied upon by the reader as research or investment advice regarding any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

Furthermore, the information presented does not take into consideration commissions, tax implications, or other transactional costs, which may significantly affect the economic consequences of a given strategy or investment decision. This information is not intended as a recommendation to invest in any particular asset class or strategy or as a promise of future performance. There is no guarantee that any investment strategy will work under all market conditions or is suitable for all investors. Each investor should evaluate their ability to invest long term, especially during periods of downturn in the market. Investors should not substitute these materials for professional services, and should seek advice from an independent advisor before acting on any information presented. Before investing, please carefully consider your willingness to take on risk and your financial ability to afford investment losses when deciding how much individual security exposure to have in your investment portfolio.

Past performance does not guarantee future results. There is a potential for loss as well as gain in investing. Stash does not represent in any manner that the circumstances described herein will result in any particular outcome. While the data and analysis Stash uses from third party sources is believed to be reliable, Stash does not guarantee the accuracy of such information. Nothing in this article should be considered as a solicitation or offer, or recommendation, to buy or sell any particular security or investment product or to engage in any investment strategy. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Stash does not provide personalized financial planning to investors, such as estate, tax, or retirement planning. Investment advisory services are only provided to investors who become Stash Clients pursuant to a written Advisory Agreement. For more information please visit www.stashinvest.com/disclosures.