E's Financial Advice

E approached me today with a look of worry written all over his little six-year old face.

E: "Mom, do we have Nationwide Insurance?"

Mommy: "Uh...no. We don't. We use another company. Why are YOU asking me about INSURANCE anyway? Do you even know what insurance IS?

E: "I just know that you have to have it or you won't have anyone to count on when the going gets tough."

Mommy: "That sounds like something you heard on a commercial, E. Don't worry, honey. Your Daddy and I have got this one covered."

E: "So you mean, if our house burns down, the insurance company that you guys picked will pay for stuff and help us get a new one?"

Mommy: "Right. You've got the idea".

E: "So, which company is it mom?"

Mommy: "Oh for crying out loud E, it's State Farm. Stop worrying about it. We've had them for years. This is nothing you have to worry about!"

E: "OK, OK! But I'm telling you right now, Nationwide is better.

Mommy: "Why do you say that?"

E: "Because if the house burns down, we're not going to need a good neighbor. We're gonna need a lot of cash".

E: "Mom, why are you laughing?"