Jan. 6th, 2014 @ 09:04 pm Kitty savings
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Last year, several friends of ours had various pet-related emergencies -- some of which had a very sad end, some of which were thankfully reversable. We came to talk about the cost of treatment for pets. Some had an insurance for the medical costs, but others had a savings account to save up for emergencies. If the pet broke something or needed treatment, the cost was deducted from the savings account. We liked that idea: there are emergency funds available, but if you don't need them, they're not gone (like they are in the case of an insurance).
We looked at the cost of various pet insurance schemes, and set an amount according to the premiums: presumably the premiums would cover most of the regular treatments, so that ought to be a good start. Then I set up a separate 'goal' for our savings accounts for the cats and set up an automatic transaction to put the money towards that goal.

Today, we took the cats to the vet. We had put their travel baskets in the living room a few days in advance, so that they wouldn't stress out the moment the baskets came into view. They even went and lied down in them.
Right by the time we'd had to go, Yuzu was lying around in one of the baskets, and Mikan was sitting on the couch. klik took her up and put her in one basket, while I closed the other basket simultaneously. Fastest basketising ever! Of course, the ladies were not impressed and protested their incarceration.
The vet was very satisfied with them: they are quite healthy. They got their shots and we took them home.

But now they're in debt, because we haven't saved up enough yet to cover the cost of the check-up and the shots. We'll be sure to make them work it off!
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3-eyed cat
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From:sbslink
Date:January 6th, 2014 11:04 pm (UTC)
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Yeah. And excactly because of this I don't have a cat. I would LOVE to own one but I feel like I can't be a responsible owner if I can't cover costs like this. It is a good idea to set money aside to have in case of emergencies.
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From:fub
Date:January 16th, 2014 07:39 pm (UTC)
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It's not that we don't have any reserves, but I like the idea of paying the amount of an insurance premium into a savings account separately for the kitties. What with our new financial situation, it's good to budget a bit more.
If you want to have a cat, why not save up for one and a little buffer for any medical costs? Then once you're satisfied with the amount you've saved, you can go get yourself a kitty!
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From:sbslink
Date:January 17th, 2014 08:45 am (UTC)
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Yeah that is a good idea. And we know all about budgeting.. but at the moment we just don't make enough to save up anyting. We are already happy we can cover most of the costs. We want to start saving for things like that when we have more income. We hope we can start changing things in our financial situation, but there are some things going on and it is a bit hard to explain sometimes.
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From:fub
Date:January 17th, 2014 10:08 am (UTC)
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Well, yeah, times are tough and those personal finances can get complicated. Good luck, I hope you can start working on your 'future kitty'-fund soon!
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From:cissa
Date:January 10th, 2014 10:25 pm (UTC)
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Hee! Good luck in making the cats work it off! They will probably start charging you for allowing you to pet them. :D
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From:fub
Date:January 16th, 2014 07:39 pm (UTC)
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Well, if they start purring in response, then I'd call it a draw and conclude the transaction with closed purses. ;)
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From:cissa
Date:January 10th, 2014 10:28 pm (UTC)
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Added: We "self-insure" for the critters, which means we have an "emergency" account that will cover emergencies- cat or other- and we pretty much pay for the routine out of income. I can't see that insurance would be cost-effective; if it were, the insurance companies would go broke paying out more than they got in!
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From:fub
Date:January 16th, 2014 07:40 pm (UTC)
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That's the reasoning of putting the amount we'd pay for a premium into a savings account. The yearly check-up is EUR 70, so that's only 7 months of premiums...
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