"...our affection for them goes beyond monetary concerns"
I sort of understand this, except that if it were a rule, monetary concerns would go down the toilet. Along with any hope of financial stability. I am not only talking about pets, but the threat that the cost of health care poses. We have a 13-year-old dog. We don't give her unnecessary care, just as we don't do that for ourselves. Luckily, she has been healthy.
I can see love, affection and common sense being "soft spots" with finances, but less is often much more when it comes to health care. Also, these are the soft spots readily exploitable by those who would seek their own wealth in doing so.
Brian
· 8 months ago
Wow - this may officially be the worst piece of financial advice i've seen on this site. Normally, there are constructive suggestions but this seems pretty bad to me. The only one I would even consider would be #2.
The point isn't that I wouldn't care for my pet (I have a beagle and yes I would take care of any huge health issue). It seems to me that anyone would. The point is that these are horrible suggestions. The title of the article might as well be something like "How to find money in a bind", or "How to raise money quickly". I can think of many, smarter ways to do this such as have a garage sale, take a part time job, sell something on ebay, etc.
While it can be argued whether huge vet bills are worth the money, the bigger question is, what do you do when you're in a bind? I think most everyone would agree that a payday loan should not even be on the list.
Smithee
· 8 months ago
Well, it's not really financial advice. And you're absolutely right: there are many smarter ways to pay for things. In my experience, those all take more time than a person with a seriously sick pet has to raise the money.
I hope that my little essay on "sick pets and the worst-case scenario" doesn't make you stop reading Consumerism Commentary. I promise we'll return to prudent advice within a matter of hours.
Lolita
· 8 months ago
I kind of have to agree with Brian here....YIKES!!!
R. May
· 8 months ago
Wow. I understand because my pets are my babies. I can run with cc's. I can run with borrowing money from firends and family.
I cannot believe you would ever suggest anyone take a vicious-cycle-kick-you-while-your-down-payday-loan for ANY reason.
There is never ever ever a reason to borrow from those money grubbers.
Smithee
· 8 months ago
Well, I did say they were evil. I can't think of a stronger way to advise against anything.
But I have used them in the past when I had trouble paying rent. It's possible to use one without being caught in a vicious cycle.
Leilani
· 8 months ago
Personally, I would like to thank you for the article. As you mentioned; as pet parents we are responsible for their welling being. When they become injured or sick unconventional methods of paying for their care may be our only choice at the time.
MLR
· 8 months ago
I also wrote a response to FMF's post. My dog has saved me money in terms of health, meeting people, and safety. I just can't put a tangible number on the savings.
But I think the prudent advice to take away is that any potential expenses should be covered in your emergency fund.
megscole64
· 8 months ago
I'd like to add Care Credit (http://www.carecredit.com/) as an option...we used it when our dog had to have his second (and his third actually) surgery a couple of years ago. Instead of putting it on our credit card we applied for this loan - 12 months interest free. They offer loans for any health care related expense, not just animals. It was a lifesaver! And yes, we got it all paid off in 12 months.
CelesteWrites
· 8 months ago
"Personally, my wife and I don’t even include pet care in our budget, because our affection for them goes beyond monetary concerns."
Why not include pet care in your budget? I love my dog as I do my children. I budget for food, medical, entertainment, etc for my children so why wouldn't I budget for my dog? Setting aside a small amount of money each month for possible veterinary needs seems like the responsible thing to do for the dog and for us. Jeopardizing my family's financial health with credit card debt or pay day loans vs. my dog's health is not a choice I want to face.
Eric
· 8 months ago
Probably the best way is to handle pets is the way you would handle your kids....you should plan before having them and have your finances in order.
thomas
· 8 months ago
Major points lost for even suggesting payday loans. There are dozens of other things that you can do to come up with the money before turning to those scumbags. I think you took the easy way out putting that down as a choice.
All Comments
I sort of understand this, except that if it were a rule, monetary concerns would go down the toilet. Along with any hope of financial stability. I am not only talking about pets, but the threat that the cost of health care poses. We have a 13-year-old dog. We don't give her unnecessary care, just as we don't do that for ourselves. Luckily, she has been healthy.
I can see love, affection and common sense being "soft spots" with finances, but less is often much more when it comes to health care. Also, these are the soft spots readily exploitable by those who would seek their own wealth in doing so.
The point isn't that I wouldn't care for my pet (I have a beagle and yes I would take care of any huge health issue). It seems to me that anyone would. The point is that these are horrible suggestions. The title of the article might as well be something like "How to find money in a bind", or "How to raise money quickly". I can think of many, smarter ways to do this such as have a garage sale, take a part time job, sell something on ebay, etc.
While it can be argued whether huge vet bills are worth the money, the bigger question is, what do you do when you're in a bind? I think most everyone would agree that a payday loan should not even be on the list.
I hope that my little essay on "sick pets and the worst-case scenario" doesn't make you stop reading Consumerism Commentary. I promise we'll return to prudent advice within a matter of hours.
I cannot believe you would ever suggest anyone take a vicious-cycle-kick-you-while-your-down-payday-loan for ANY reason.
There is never ever ever a reason to borrow from those money grubbers.
But I have used them in the past when I had trouble paying rent. It's possible to use one without being caught in a vicious cycle.
But I think the prudent advice to take away is that any potential expenses should be covered in your emergency fund.
Why not include pet care in your budget? I love my dog as I do my children. I budget for food, medical, entertainment, etc for my children so why wouldn't I budget for my dog? Setting aside a small amount of money each month for possible veterinary needs seems like the responsible thing to do for the dog and for us. Jeopardizing my family's financial health with credit card debt or pay day loans vs. my dog's health is not a choice I want to face.
tsk tsk.