We love our pets, but they can be expensive. While their daily expenses might not amount to much, it can cost you a lot if they are ill or injured. If you need to take them to the vet, you can find that you have a huge bill to take care of. If you’ve never had to pay for anything beyond routine vaccinations and the like, the cost of an operation or medications can come as a shock. You need to know how you’re going to pay for the bills you receive because the alternative might be not giving your beloved pet the treatment they need. Here are some top financial solutions you should use.
Use Your Pet Insurance
If you’re smart, and you could afford it, you have already taken out pet insurance. It should help to pay for your pet’s vet bills, but it will depend on your policy. There are different types that will cover different things, which is why it’s important to consider the levels of cover available. Some policies will only pay for a health condition for one year, whereas others will cover an illness for your pet’s lifetime. Some policies are only for accidents and emergencies. If your pet needs treatment, consult your policy to see what it will pay for. There might be some times when you need to fight to get your insurance to pay out, so make sure you’re familiar with your policy.
Dip Into Your Savings
If you have savings, paying for your pet to get treatment from the vet is a great reason to dip into them. Perhaps you have an emergency fund or just general savings you have for another reason. Sometimes you need to spend your money on your pet, instead of the new TV you were saving for. If you’re using a savings account, be aware that some have limits on how much you can take out and when. It can sometimes be better to have an account you can access whenever you want, even if the interest rates might not be as good.
Take Out a Small Loan
In some circumstances, you can justify taking out a loan to pay for your vet bills. You can get the money you need quickly, which is why online payday loan lenders are a useful option. Within the same day, you could have the money you need. A loan is a good choice if you want to defer the payment of the bill or spread the cost over a few months. It’s not a good idea if you won’t be able to pay back the money you owe. Before you take out a loan, make sure you’ll be able to make the repayments on time.
Borrow Money from Friends/Family
Borrowing money from a family member or friend can be a better option than a loan because you don’t necessarily have to pay interest. You might choose to set up something official and promise to pay back the money with interest. But if you have a comfortable relationship with someone who doesn’t mind lending you money, a zero-interest loan is a possibility. You just need to make sure you hold up your end of the bargain. It’s important to be careful when borrowing from friends or family. If you don’t pay back what you owe, it could mean your relationship is never the same again.
Make Extra Money
If you don’t have the cash you need, finding ways to make it will help you out. When you have vet bills to pay, it could be a time-sensitive issue. You either have a deadline to pay the bill, or perhaps your pet can’t have the treatment until you have the money to pay for it. There are a few ways you can try to make money in a short time. Try picking up some extra hours at work or selling some things you have around the house that you don’t use.
Crowdfund Your Bills
Another option to consider is crowdfunding the money you need. People are increasingly doing it for their own medical bills, as well as those of their pets. You can sign up to a crowdfunding website to create a page you can share on social media. Ask friends and family to donate and to share your page to get the funds you need. You can even find fun ways to thank everyone who donates.
Taking your pet to the vet can cost a lot, but there are ways to take care of the costs when you need to. Consider your options to work out the best solution.
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