This week, over at Get Rich Slowly, there was a great post called “Prepare to Get Sick.” Donna Freedman talks about her own experience with needing an unexpected surgery and what you might do to prepare for such an event (or just coming down with an unexpected cold).

 

What do you have in your house right now that would come in handy if you came down with something? Over the counter medicine for your symptoms? Facial tissue? And electrolyte drink in case you need to avoid dehydration? Cans of soup? Many of the things that would come in handy when you are sick can be bought beforehand. Even if you don’t plan on it (who does?), everyone comes down with something every once and awhile, some more than others. It wouldn’t hurt to stock up on some basic supplies when they are on sale to have at home.

 

Not only can you save some money by being prepared, you can also save yourself some suffering. Are you really going to feel up to running to the store to buy what you need when you have a fever and can barely stay awake? That probably wouldn’t be the best idea. Even if you have a friend or relative willing to pick up some things for you, it’s possible they wouldn’t be able to immediately drop what they’re doing to help you out.

 

What about if something more serious happens, like an unexpected surgery? Would you be prepared? Do you have enough cash on hand to cover the costs that are related to something like that? This kind of situation is the exact reason to have an emergency fund built up. If you have to deal with an emergency health situation, there is always going to be cost involved, usually significant cost, which is not built into your everyday budget. Save yourself the headache (and the credit card bills) by making sure you have a comfortable emergency fund.

 

We would highly recommend that you check out Donna’s post. It points out some important “what if” scenarios that should be planned ahead for.

 

 

  • Disclaimer: The information on this blog is not meant for specific financial advice. The ideas/opinions stated are not suited for everyone, and readers should use their own judgment in applying them in their financial lives.

 

Advertisements