7 Practical Ways to Help Guard Your Family Against Financial Ruin

Updated April 3, 2023

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

Protecting your family from financial harm is one of the most important things you’ll ever attempt — but it’s easier said than done.

Taking action today to grow your family’s wealth, protect and diversify your assets, and prepare for the unexpected could help shield your family from financial harm well into the future.

While preparing for the future might sound like a daunting task, we’re here to help. Read on to find seven practical ways you can help keep your family safe from financial ruin and unexpected challenges for years to come. 

Get $10 to invest in Apple, Tesla, Amazon, and other companies

If you aren't investing yet, it's definitely not too late to get started. All investments come with risk, but thanks to the magic of compound interest, if you invest your money you could see it grow more quickly than if you keep it in a savings account.

Stash was built to help beginner investors get started. You can buy fractional shares (partial shares) in companies that are household names like Apple, Google, Amazon, and more1 . Normally a single share of these companies could cost hundreds or even thousands of dollars, but you only need as little as $5 to get started with Stash.

If you're thinking about saving for retirement, you can start investing in an IRA and enjoy the tax benefits that come with retirement accounts. Stash also offers tools and guidance to help you along the way.

BONUS: Stash will give you $10 to invest after you deposit $5 or more into your personal portfolio.2

Sign up for Stash now

Get paid even if you're too sick to work

A recession is no time to gamble with your paycheck. You depend on your paycheck for food, housing…pretty much everything.

If you get too sick or hurt to work, disability insurance can kick in to replace lost income. We're not just talking about something catastrophic like a heart attack - you could miss work because of a back injury, broken bone, or other common ailments.

Breeze is an online disability insurance company that makes getting disability insurance easy and affordable. Breeze is backed by Assurity, one of the highest-rated disability insurance companies in the U.S.

Get a quote in just seconds — no medical exam required — and coverage in under 15 minutes. Long term disability plans start at just $9 per month.

Get your quote now