As cat parents, we may never feel prepared for an emergency. But we can prepare an emergency fund to ensure we can afford the care our cat needs.
We know from experience that one of the hardest things we can face is a health emergency with one of our cats. Or worse, a terrible accident that threatens their life. We suddenly face decisions that require a sound mind… and usually money.
Emergency Fund For Cats
For many people, pet insurance can be a true life-saver. Most plans allow you to keep your favorite veterinarian and can act as a huge safety net when an emergency strikes. Many plans will cover thousands of dollars of unexpected expenses… saving us from making heartbreaking decisions based on our bank account balance. However, you will need to carefully evaluate if the policy will be the emergency fund you need.
These pet insurance policies come with fine print… and you need to read everything before signing anything. Premiums, deductibles, and coverages all vary. Oftentimes, there are age limits for coverage – or health issues that are not included.
In more that 20 years as cat parents, we’ve come close to purchasing pet insurance, but never pulled the trigger. Instead, we’ve created our own emergency fund for our cats.
In the beginning, it was a simple pickle jar. Seriously. We placed pictures of our cats on the jar and put a portion of our paychecks into the jar every week. We’ve since evolved to a real savings account – that is only ever touched if there is a cat emergency. Some people designate a credit card that is only used in emergency situations.
It’s also important to differentiate between emergency situations and regular care costs. We recommend wellness exams, bloodwork, dentals, and any regular proactive care be included in your regular budget.
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