$1000/month???? Really? What are you doing EVERY month that costs over $1000? When one of my kids goes to the doctor is about $100 per visit IF there are lab fees. And since there are not 10 people in my family and they dont go to the doctor once a month I am a FAR FAR cry away from $1000. Heck, the birth of my last kid only cost about $8k that included some complications with my wife after delivery. So lets do the math $1000/month * 9 months = $9000. Wow, I still have a $1000 to cover my (non existant) 10 other family members for there monthly visit to the doctor (with lab fees).
My point here is that at $1000/month it would be WAY smarter to stuff that into some semi-liquid interest bearing account and be your own insurance. With in a few years would like have enough money cover even major incidents. That being said this scenario only works with a normally healthy family, I understand of course there are exceptions, but they are, by definition, not the norm.
Slashdot Mirror
$1000/month???? Really? What are you doing EVERY month that costs over $1000? When one of my kids goes to the doctor is about $100 per visit IF there are lab fees. And since there are not 10 people in my family and they dont go to the doctor once a month I am a FAR FAR cry away from $1000. Heck, the birth of my last kid only cost about $8k that included some complications with my wife after delivery. So lets do the math $1000/month * 9 months = $9000. Wow, I still have a $1000 to cover my (non existant) 10 other family members for there monthly visit to the doctor (with lab fees). My point here is that at $1000/month it would be WAY smarter to stuff that into some semi-liquid interest bearing account and be your own insurance. With in a few years would like have enough money cover even major incidents. That being said this scenario only works with a normally healthy family, I understand of course there are exceptions, but they are, by definition, not the norm.