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When everything has a price – and quite a high one for most items it’s natural to ask yourself whether you could do without certain things. Do you really need a new haircut? Is that pair of shoes really necessary? Do you have to eat out tonight? More often than not, you can find for yourself that you don’t need to buy everything to live a comfortable and wealthy existence.
In most households, over a third of the expenses is dedicated to the purchase of unnecessary objects or services, which means that it’s a good area to tap into if you’re trying to save money. However, there are expenses that need to be done, but for which more often than not, you won’t have to pay. In short, if you’re trying to juggle essentials such as health or protection and savings, here’s good news for it. You don’t always have to be the one paying for it.
Your health matters and therefore it’s essential that you take every step to protect it as best you can. In other words, it means that you can’t do without a health cover, especially as medical costs can be extremely high. Thankfully, if you’re employed, you can benefit from a variety of advantages, including a health cover as it’s part of most employment contracts. In other words, that would be what you can refer to as a smart money – it’s something you get without paying for it. If you’re a freelancer, you will need to get your own health insurance. However, there are affordable options available through the healthcare marketplace.
As said above healthcare in the US is highly expensive, compared to other countries. In fact, as an example Humira, a medication for arthritis cost over 3 times more in the US than it does in Switzerland. Avastin, a cancer drug, cost 9 times more than in the UK. And getting an MRI will cost you 5 times more than in Australia. In short, that’s what your insurance is for. Additionally, there are cases where you don’t need to pay for any health cost, and that if you’ve been injured by no fault of yours. With the support of a qualified accident lawyer, you can get the guilty party to take your medical expenses. Besides, it is also a legal requirement for the party who has caused the accident to provide you with compensation to guarantee the same living standards when you are out of work.
Natural disasters are happening more and more often, from terrible flooding to hurricanes or even earthquakes. As a result, homeowners see their house being destroyed. You would think that’s what a home insurance is for, but in reality, home insurances don’t cover for natural disaster damages. In short, if you live in a high-risk area, you will have to purchase an extra policy to cover the specific risk. It’s unfortunately synonymous with additional expenses. However, your home is worth the additional cost.
In short, navigating what you need to pay for and what you don’t might be a little confusing at first. As a rule of the thumb, never save money on protecting yourself and your family. You are worth every dollar!