06-10-2012, 04:58 PM
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#12 |
YT Addict
Join Date: May 2012 Location: secaucus, nj
Posts: 483
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Originally Posted by gemy How much should be in that puppy purse, again depends, on a number of factors. How much will you continue to be able to set aside monthly to go into that savings? If the amount is minimal (under $50), then you want to start with a pretty healthy balance: $2000-$2500. Also it is a good idea to apply for Care Credit, and it is there if you need it for medical emergencies. | I like the 'puppy purse' idea too. I looked through a previous thread dealing with pet insurance. Most of reponders to that thread indicated that they kept a designated credit card for their baby's emergencies. That's what I'm doing. I have a credit card that is completely clean. I've decided that that's my 'purse' so to speak. Now, I had a Yorkie (a puppymill rescue) many years ago that made it to old age without any emergencies. So, you may not ever need to use a reserve fund for anything at all. BUT just in case - a money sources is a very very good idea. Good luck. |
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