pets

How to Keep Your Pets Safe During a Natural Disaster

Mikey Rox — Mon, 01 Oct 2018 08:00:17 +0000

There's not much time to react when disaster strikes, especially when it's a life or death situation. You want to get out safely and as soon as possible with your family, and that includes your pets.

Saving your pets comes with its own set of circumstances, however. For instance, many evacuation centers, should you be displaced there, don't allow pets. So what do you do? Here's the best course of action to protect your human and four-legged loved ones, should you need to evacuate your home quickly.

Create an emergency bag for your pet

You should have an emergency bag for yourself and your family, but you also should have a separate bag for your pet to ensure that everyone's needs are covered for at least the first few days following a disaster. Your pet's bag should include:

At least three days worth of food and water, plus portable bowls.
Vet records from the previous two years, including vaccinations, your pet's microchip number, medications, and any allergies. Be sure to have a supply of your pet's meds packed as well.
First-aid kit for pets; the Red Cross provides a comprehensive list of what you should have if you want to DIY (if you have a first aid kit already, there are several items that will also work for your pets), but you also can buy one from Amazon.
Muzzle if your animal has a tendency to be aggressive, especially when frightened.
Pet carrier.
Treats to calm your pets.
Photo of your pet to assist search and rescue should it go missing.
Collar with ID and rabies tags.
Your vet's phone number, in case of emergency.
Waste bags.
Extra litter and a spare litter box if you're a cat owner.

Take pet CPR and first-aid classes

In the event of a disaster, your dog or cat can break limbs or incur wounds with serious bleeding, and knowing how to respond appropriately in that moment can mean the difference between life and death.

"A good pet CPR class will teach you how to properly administer chest compressions and rescue breathing, create improvised splints for securing broken bones, how to perform basic wound care and stop life-threatening bleeding, and give you a list of items for your pet first aid kit," says Scott S. Topiol, clinical director at CPR Ready in Los Angeles. "The most complete emergency kit is useless if you're not able to provide emergency medical care to your cat or dog when seconds count." (See also: 7 Things You Need to Know About Pet Insurance)

Get your pet microchipped

Your pet should be microchipped when it's spayed or neutered, but if it hasn't been, have the chip put in your pet as soon as possible. A microchip is implanted between your pet's shoulders and is about the size of a grain of rice. The procedure itself is similar to a pet getting a vaccine. The information on the chip will go to a database after it's registered (an important step that some pet parents overlook) and scanned that will include your pet's number and profile, along with your contact information. You may never have to use the chip, but when a lost pet is brought into a vet's office or shelter, the first thing they do is scan for a microchip, so if your pet has one, there's a much better chance you'll be reunited should you get split up. (See also: 6 Pet Expenses You Should Never Skip)

Put a GPS tracker on your pet

A reliable pet GPS tracker also makes it possible to keep track of pets during an emergency. The lightweight, waterproof device attaches comfortably to your pet's collar or harness, and allows you to track your pet's location anywhere in the U.S. The battery on these typically lasts several days, providing an ample window to find your pet in the event you're separated during a disaster.

Affix a pet alert sticker to your window

In case of emergency, first-responders will be able to identify your household as one that may need pets rescued with a pet alert sticker placed where it can be clearly seen.

"Write down the number of pets inside your house and attach the static cling to a front window," says, "The Pet Lady" Dana Humphrey. "This critical information saves rescuers time when locating your pets. Make sure to update the number of pets listed [when your pet family grows]."

Have an exit strategy

Humphrey also suggests leaving your pet's carrier and emergency go bag by the door so you can access it quickly and easily in the event that you have to leave in a split second.

Never leave your pets behind

Your pet is a member of your family, and should be treated as such when you're evacuating. Don't leave your animal in vehicles, tethered, or crated without you or a family member.

"To help avoid having to make such a difficult choice, identify and create a list of places to evacuate with your pets in preparation, such as pet-friendly hotels or boarding facilities, and include contact information and addresses for each," adds former Bachelor Sean Lowe, who partnered with the Banfield Foundation following Hurricane Harvey to promote pet preparedness during disaster situations.

Include your pets in your will

So your pet is properly cared for when you pass away — in a disaster or otherwise — include those provisions in your will. Keep the information up-to-date with the names of each pet, the person who has agreed to care for the pet, and their contact information. If you want to provide that person money to care for the pet, state that in the will. (See also: 6 Reasons You Need to Include Pets in Your Will)

Look for an AKC Disaster Relief trailer

Following a natural disaster, AKC Disaster Relief trailers will have necessary items your pet may need if you weren't fully prepared to evacuate. Even if you were prepared but need to stock up on certain necessities, feel free to do so.

Check with your state branch of FEMA to see if there is one near you. If so, include the location of the trailer and contact information in your emergency go bag so you can get help if the time comes.

Like this article? Pin it!

This article is from Mikey Rox of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

10 Repairs That Aren't Your Landlord's Responsibility

Mikey Rox — Fri, 22 Jun 2018 09:00:22 +0000

One of the benefits of being a renter as opposed to being a homeowner is that the landlord is responsible for many costly home-improvement projects, like replacing a leaky roof or updating dying appliances. But not all domestic damage is his or her responsibility. What exactly are you on the hook for? Find out which home repairs are not your landlord's problem — and start saving up for them now.

1. Replacing light bulbs, batteries, and HVAC filters

The landlord can't control how much you run the lights, so replacing bulbs when they burn out is your responsibility. The same may be true for replacing batteries where necessary, including those in smoke and CO2 detectors, which should be outlined in your lease so that there's no confusion about who's supposed to keep up with home safety. Many leases will also require tenants to replace air filters in HVAC systems on a regular basis (ideally every three months, but landlords often supply the filters).

2. Unclogging backed-up drains that you caused

Here's what I've learned from personal experience: Don't put eggshells or potato skins in the garbage disposal if you don't know how to unclog the sink. Otherwise, it'll cost you a visit from the plumber, because this is definitely not your landlord's problem. Same goes for the toilet — you do the crime, you do the time. Unclog it yourself or call someone ASAP before the problem turns into more damage from overflowing water and other "stuff."

Practice other considerate grooming habits, too — like cleaning your hair out of drains to keep pipes in working order. If your landlord has to come over to do this for you, he or she has every right to tack an extra fee onto your rent that month.

3. Certain pest infestations

Assuming that you're moving into a rental unit that doesn't have any existing vermin problems (you should verify this independently before signing a lease; don't just take the landlord's word for it), you may be responsible for any rodent or bug infestations that occur after you move in. Be sure to check the terms of your lease as well as any state-specific laws regarding pests such as bedbugs.

Certain living habits, like leaving old food out or failing to regularly take out the trash, can attract ants, cockroaches, or even rats. If your landlord finds you responsible for the infestation, you will likely have to pay up to get rid of the problem.

Other bug or rodent infestations can happen naturally. Termites, for example, can infest any building regardless of your living habits. In this case, it's on the landlord to get an exterminator. (See also: 6 Cheap Ways to Get Rid of Household Pests)

4. Lawn care and snow shoveling at single-family homes

Unless your landlord has agreed to handle the mowing and snow shoveling in the single-family home you're renting, you'll need to get out there yourself. While you can let the lawn go for a little while, you're legally required to have your sidewalk shoveled within a few hours after a snowstorm ceases. Fail to do it and you could face fines from the city, which also will be your responsibility. If you live in a multiunit dwelling, however, the landlord generally takes on this responsibility him or herself or hires someone to do it.

5. Damage to property due to your negligence

Being a decent human being means taking responsibility for damage caused by your own negligence — accidental or not — and that of your family, friends, kids, and other guests you invite into the home. Your landlord is not responsible for anyone's carelessness; you can't punch holes in the walls during an argument and expect them to fix it. And please, don't lie to get out of whatever it is you or they did to damage the property. Be an adult, pay for the repairs, and move on (ideally with people who don't destroy things).

6. Carpet cleaning and repainting

One of the biggest costs to landlords is replacing carpet ruined over time by tenants. I've seen some of this damage myself, and I'm frankly baffled by how disrespectful some people are and the lengths they'll go to try to skirt the cost of cleaning or replacing the carpet.

Repainting the walls their original color (if you've painted them) is also your responsibility. This should absolutely be a clause in your lease, but you should always contact your landlord before making any paint decisions. (See also: 7 Smart Ways to Get Your Apartment Deposit Back)

7. Pet damage

I once had a tenant who was not authorized to bring an animal into my shore rental, but did so anyway. When I questioned her about it, she denied it. I explained to her the strong smell of feline urine upstairs, at which point she revised her story to having a dog in the house briefly. I wasn't born yesterday, lady. The dog bit was a lie, too — but it didn't matter what kind of pet was in my house. It was unauthorized, and I passed the cleaning bill right along to her.

8. Misuse of appliances that cause them to malfunction

You break it, you buy it — that's the rule with appliances in your rental that you've damaged. Whether you've caused a dryer fire from neglecting to clean out the lint trap, burned out motors from working appliances too hard, or caused the dishwasher to overflow because you thought laundry detergent would work in lieu of dishwashing liquid (shout-out to my ex-husband), it's all your responsibility. If any appliance just stops working, however, it's probably on your landlord — so give 'em a call.

9. Holes in the wall from frames and shelving that you hung

Before you can get your security deposit back, your landlord will want to make sure a few tasks are completed, including patching up holes you've put in the wall from frames, shelves, and other damage you may have caused to the drywall and paint from adhesives. Skip out on it and you can kiss your money goodbye.

10. Anything else outlined in the lease

Read your lease closely before signing. Most issues of landlord/tenant responsibility are outlined in the document. Keep it on hand to go over again if issues arise so you can quickly determine whether or not the burden and financial responsibility falls on you. Once your signature is on the lease, you're legally bound to it. If you feel like something outlined should be the landlord's responsibility, discuss it beforehand to revise if necessary. After that there's no wiggle room — it's either your problem, or not.

Like this article? Pin it!

This article is from Mikey Rox of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

5 Money Moves to Make Before Adopting a Dog

Kat Tretina — Wed, 23 May 2018 08:00:28 +0000

There's nothing better than coming home to a wiggling dog. Their soft fur, wet noses, and boundless enthusiasm can brighten even the dreariest of days.

However, bringing home a furry friend can be expensive. The ASPCA estimates that owning a small dog costs over $1,400 in just the first year, while large dog owners are looking at a figure above $2,000. And those amounts only cover the basics. Extras like emergency vet bills or specialized training can cause your costs to skyrocket.

Because of the serious expense of owning a dog, it's important to not bring a pet home impulsively. Preparing for a new pet means you need to spend some time getting ready for his arrival. And that includes some important first steps. (See also: 5 Pet Costs You Don't See Coming)

1. Build an emergency fund

Unfortunately, dogs can be prone to accidents and illnesses. If they gobble a sock — which is oddly common — or eat something they shouldn't, you could end up with a four-figure vet bill. In fact, PetPlan, a pet insurance company, reported in 2017 that unexpected veterinary care typically costs between $750 and $1,600, though higher bills are also common.

If you're not prepared for an unexpected vet bill this high, you might be faced with a tough decision if something bad happens. To prevent that from occurring, start building an emergency fund for your pet's care before you even bring them home. That way, if there is an accident, you'll be able to handle it. (See also: How to Prep Your Finances for an Emergency Vet Visit)

2. Create a budget for the necessities

When you think about what it costs to own a dog, you probably think of basics like food and flea and tick prevention. But there are many other expenses to keep in mind, including:

Spaying or neutering: Spaying or neutering prevents overpopulation and can even help with your dog's behavior.
Dog crate or bed: When your dog is new to your home, a designated crate or bed can help soothe him and be useful during housebreaking.
Leash and collar: You'll need a strong leash and collar to walk your dog safely.
County dog license and tags: Some areas require you to get a license for your dog. Usually, the dog has to wear the license at all times.
Food and water bowls: Designated bowls make it easier to keep your home clean.
Routine shots and exams: At a minimum, your dog will need rabies, parvovirus, and distemper vaccines.
Grooming: Grooming is more important than just making your dog pretty. It also keeps their skin in good condition, and can help you catch illnesses and problems before they get worse.
Treats and toys: Treats and toys are essential to teach your dog and to help him burn off energy.
Training: If you're not an experienced dog owner, dog training can be invaluable. Ensuring your dog will obey you and develop good manners is an important part of pet ownership.

Some of these items can cost a lot more than you expect, especially if you plan to get a larger dog. For example, spaying or neutering your dog could cost as much as $600. By knowing how much money you'll need ahead of time, you can better manage your paycheck and budget accordingly. (See also: 6 Pet Expenses You Should Never Skip)

3. Buy secondhand where possible

When making your budget, you'll likely look at the prices for new items. However, you can save a lot of money by shopping for secondhand stuff. Especially if you're getting a young dog who will outgrow things quickly, buying used items or asking friends and family for their old things can help you save big.

For example, a new hard-sided crate can cost over $100 at big-name pet stores. But if you shop on Craigslist or find someone who is getting rid of one, you could spend as little as $10, and they're often as good as new. Just be sure to wash and disinfect any secondhand items thoroughly, and make sure there are no cracks or damage.

4. Research pet insurance

Pet insurance can be a smart investment. If your dog has a serious injury or illness, it can be a literal lifesaver. It's a good idea to shop around while your dog is still young since puppies and young dogs typically qualify for lower premiums than older ones. Premiums can vary, but most pet owners can expect to pay between $30 and $50 per month. If you're not sure where to start, check out the Canine Journal for reviews of the top pet insurers. (See also: 7 Things You Need to Know About Pet Insurance)

5. Identify discount pet supply stores

When it comes to dog food, treats, and toys, you might think your only option is the local pet store. However, you can often get better deals at farm supply stores or online discount retailers. Sites like Chewy even often discounts if you sign up for automatic shipments, helping you save on food and other supplies. Plus, you get the added benefit of not having to lug heavy bags of dog food home from the store. (See also: 5 Unexpected Dog Costs You Should Prepare for Now)

Like this article? Pin it!

This article is from Kat Tretina of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

7 Retirement Splurges That Are Worth Every Penny

Ashley Eneriz — Thu, 03 May 2018 08:00:18 +0000

Your golden years are finally here, and while you don't want to blow through your nest egg too quickly, there is still a little room for splurges here and there, especially if they double as self-care. Here are seven splurges in retirement you definitely won't regret.

1. Adopting a pet

Dogs offer many benefits to retirement-aged individuals. Not only do they give you companionship, but they also give you a reason to get up and exercise more. There are also several studies that show dog ownership can reduce the risk of heart attack and lower stress.

Not into dogs? That's okay! Adopting a cat can provide just as many benefits and can be less work to take care of. (See also: The 8 Best Pets for Frugal Animal Lovers.)

2. Achieving your goals

Whether you sit down and write an official bucket list or have one or two goals you wish to achieve, now is the perfect time to check those boxes. Maybe you want to eat a $100-steak, or spend a week in Europe. Whatever it is, you can make it happen. (See also: 6 European Destinations Finally Cheap Enough to Visit)

Financially, you might not be able to afford accomplishing everything on your list, and you definitely don't want to go into debt in retirement. However, by using savvy saving techniques, you can find discounts on any restaurant, travel destination, or adventure.

3. Spending time with family

If you don't feel like you see your family members enough, invest in seeing them more regularly. Spend a week with them and offer to watch the grandkids. Or plan times for your family to come visit you. Traveling to visit loved ones can add up quickly, so it's important to find free or cheap activities when you're together, and remember that quality time doesn't have to cost a thing. (See also: 47 Cheap, Fun Things to Do This Weekend)

4. Trying new hobbies

Retirement is a dream come true at first since you finally get to relax. However, it's easy to grow bored of the same routine every day, and you might find yourself missing the fast-paced work day.

One way to avoid boredom is to keep yourself busy with new hobbies. What have you always wanted to learn? Find classes or lessons in skills that you want to improve, whether it's a Spanish class, cooking class, or piano class. If you enjoy gardening or sewing, find ways to make it more sociable through local sewing groups. If you consider yourself skilled at one hobby, perhaps photography or auto mechanics, volunteer your time teaching others. When we engage in the activities that we love and then share them with others who enjoy them, we feel more satisfied. (See also: 10 Fun Hobbies You Can Take Up for Free)

5. Healthy foods

Now is not the time to settle for eating processed foods. Investing in healthy, organic foods will always be worth the cost. And if you shop smart — seek out seasonal produce and use grocery coupon apps while shopping — it doesn't even have to cost you more. You want to postpone the aches and pains and health issues that come naturally with aging as long as possible, and eating healthier is one way to do so. (See also: 25 Low-Cost Foods Packed With Nutrition)

6. Personal fitness

Don't wait for back pain to flare up before treating yourself to massages, chiropractic care, acupressure, and reflexology. Sign up for yoga classes or join your local walking group to stay active and fit. You've worked your body hard your whole adult life, and now it's time to give it some TLC. You deserve it now.

7. Home upgrades

Now that you aren't running off to work every day, expect to spend a lot more time at home. What would make your home easier to live in now and in the future? Consider splurging on a remodel to make your house more appealing to you, as well as to benefit you in the future. Even small home upgrades can add a lot to your current comfort and your listing later, should you decide to sell your house. (See also: 9 Easy Home Improvements That Add Thousands to Your Listing)

Like this article? Pin it!

This article is from Ashley Eneriz of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

5 Surprises When Downsizing to a Condo

Dan Rafter — Mon, 09 Apr 2018 08:30:13 +0000

Yard work fills you with dread. The thought of shoveling your way through another winter is already causing your back to ache. And ever since your children moved on to college, half the rooms in your home sit unused.

You're ready to downsize from a single-family home to a condo. It's a move that makes sense: You don't need the space of a house, you're ready for a smaller monthly mortgage payment, and you're eager to chuck the chores and maintenance that come with a larger home.

But before you make the move into a condo, know that condo living does come with surprises. And many of them aren't pleasant. They don't have to scare you away, but you do need to be prepared for them.

Here are a few surprises that might await you when you become a condo owner.

1. Special assessments

When you become a condo owner, you'll have to pay either a condo fee or a homeowners' association fee to live in the building. That monthly fee goes toward the maintenance of the building's common areas and to pay for services such as landscaping and snow removal.

But what if your condo's roof needs to be replaced or the entire building needs tuckpointing? To pay for a large expense, your condo's board of directors might have to levy a special assessment; an extra monthly fee that unit owners pay until the building has raised enough money to pay for a large-scale project.

If your board decides your building needs a new garage, you might be paying an extra $200, $300, or more a month for as long as it takes to help pay for the construction. This extra money, if you're not prepared for it, could burst your household budget. (See also: What You Need to Know About HOAs)

2. You may end up on the board of directors

If you move into a large condo complex, you probably won't have to serve on the building's board of directors if you don't want to. But if you move into a smaller condo building with few residents, you may find yourself needing to take a turn serving as the board's director, treasurer, or secretary. An association can't function properly without a board, and if other residents are unwilling or unable to serve, ultimately, someone has to do it.

Serving on the board doesn't have to take up a lot of your time. But you will have to make decisions regarding the upkeep of your building. You might have to vote for an unpopular special assessment, or spearhead the ordering of new guard rails, hallway carpeting, or other items. If you have no desire to make any of these decisions, you should move into a larger condo building with more residents and more active boards of directors.

3. It may not be ideal for a pet

Some condo buildings don't allow pets, or only allow pets of a certain size. If your condo does allow dogs, and you happen to have one, you might find taking care of Fido requires a bit more work.

First, there are the stairs. If you live on the second floor or higher, you'll have to drag your pooch down the stairs — or into an elevator — every time your dog needs a bathroom break. Depending on the age of your dog, and yourself, this can quickly turn into a hassle.

Then there are the other dogs in your building. You might be unfortunate enough to live directly underneath the dog that barks all day long while its owners are at work. Or maybe you constantly bump into a dog that doesn't get along with your own. Those regular run-ins could be stressful.

Before moving into a condo, be aware that having a dog won't be quite as simple as having one in a single-family home.

4. The grocery haul

Bringing groceries into a single-family home is easy: You park in your garage or the driveway, and lug them in. Bringing large bags of groceries into a condo can be more work. It's no fun to lug them up three flights of stairs to get to your unit. Even if your building has an elevator, you'll still have to make multiple trips to bring in all your bags.

If you buy heavier items such as soda, beer, and water, that trip back and forth from your car to your condo can develop into a real pain. It's why so many condo owners take several smaller trips to the grocery store instead of one large one. Be careful here, though: Running to the grocery store every two or three days is an easy way to blow your monthly spending budget.

5. Plumbing problems can be a pain

Scheduling a visit from a plumber? Does that plumber need to shut off your water for an hour or more to repair a leaky bathtub faucet? This can be tricky if you live in a condo building with a shared plumbing system.

When you shut off the water in your unit, you might also be shutting down the water in your neighbors' units. Because of this, you'll have to schedule plumbing repairs with the building's board of directors. This could take a few days or a few weeks depending on your association and how many other units will be affected. You might not be able to schedule your plumbing repairs on the exact day of your choice.

Like this article? Pin it!

This article is from Dan Rafter of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

5 Home Renovations That Will Attract Pet Owners

Ashley Eneriz — Fri, 30 Mar 2018 09:00:06 +0000

Thinking about upgrading your home to add more value? Before you hire a contractor, take some design inspiration from pet owners. According to the American Pet Products Association, 68 percent of U.S. households, or about 85 million families, own a pet.

Not only do a lot of Americans own pets, but they also spend a lot of money on their fur babies: The APPA reported in 2017 that annual pet expenditures reached an estimated $69.36 billion. It's clear that pet owners are willing to spend on their animal companions.

You can make this work to your favor if you're planning to renovate and sell your home. While some of the suggestions below only make sense if you're a pet owner yourself, others have universal appeal. (See also: 6 Money Lessons You Can Learn From Your Pets)

1. Update the floors

If you have ever owned a cat or dog, you know how detrimental they can be to carpet and hardwood floors. Consider updating your floors to something stylish, easy to clean, and hard to destroy, like tile or tile made to look like wood.

For a more affordable option, skip laminate flooring and go with vinyl or linoleum. Both of these options are durable and easy to clean, even with a new puppy (or young children) around.

2. Replace or upgrade rickety fences

A low or rickety fence is a huge turnoff to pet owners looking for a home. Pet parents need a secure barrier to keep their dogs in and wild animals out. Stone walls are nice because they add a privacy element to the home and cannot be destroyed by busy chewers. Avoid railing for the wall or gate, since many animals can squeeze between the rails.

Consider adding a fence around a pool area, too. Not only will this addition be welcomed by pet owners, but many families with young children will find this more appealing.

3. Install doggy doors

Installing a permanent dog door can be a huge bonus to pet owners who prefer letting their fur babies let themselves outside. When installing a doggy door, make sure to pick the right location. For example, you don't want to install it in an area that pools water when it rains.

Furthermore, when installing a doggy door, don't go cheap. Spend more money for a sturdy structure with dual flaps, weather resistant sealing, and a lock. You don't want your dog door to decrease your energy efficiency or cause weather-related damage. You also don't want it to be a security issue.

4. Grooming stations

Adding a small grooming station to a laundry room or back patio can be beneficial for pet owners who don't want to bathe their animals in the bathtub. Houzz says that hiring a contractor to install a grooming station is similar to having a small shower installed and can cost anywhere from $1,000 for a free-standing tub to $3,500 or more for something fancier.

Even pet-free homebuyers might enjoy this added grooming station since it is an easy place to hose off shoes and even children after a messy playtime.

5. Potty areas

Potential homebuyers that are also pet owners might look at an unfinished backyard and think about how burdensome it will be to clean up after their pooches. Landscaping the backyard to include grass, or at least adding an area of synthetic grass made for dogs, can add a practical benefit for pet owners.

Think about a dog's bathroom needs on every level of the home. Equipping a second-floor deck or balcony with a doggy door and easy-to-clean potty area will be seen as a benefit for pet owners who want to sleep in.

Like this article? Pin it!

This article is from Ashley Eneriz of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

How to Prep Your Finances for an Emergency Vet Visit

Mikey Rox — Fri, 23 Mar 2018 10:00:05 +0000

When an accident sends your pet to the hospital, will you be prepared to handle the situation financially? Emergency vet bills can quickly make a huge dent in your savings, and that could leave you in a tough spot during an already stressful situation. Can your pet receive the care he or she needs, or will you have to euthanize the animal because you can't afford the treatment? If you plan ahead, you can avoid the latter. Here's how.

Get pet insurance while your pet is healthy

When my dog, Jaxon, was about a year and a half old, he was admitted to the vet with a respiratory infection that filled his lungs with fluid, which required several nights in the hospital. The bill for the treatment was nearly $8,000, a fee that my husband and I couldn't afford as a young couple in New York City. Unfortunately, we also were unaware that we weren't allowed to leave the hospital without paying the bill in full, and emergency pet care facilities sometimes do not accept payment plans.

Thankfully, we had insurance to cover it. We paid the full amount to the hospital on our credit cards and then had to wait to be reimbursed by the insurance company (a caveat to consider) after we submitted the claim. But it was a small price to pay to save Jaxon's life. If it weren't for the insurance, we would have had no choice but to put him down at that point. In hindsight, it was a valuable lesson to learn about emergency vet bills and pet insurance, and the life-or-death difference it can make. (See also: 7 Things You Need to Know About Pet Insurance)

Have copies of your pet's medical records handy

If you have to visit the pet emergency room in the middle of the night, chances are the attending doctors will not be able to access your pet's medical file, because your primary vet will be closed. So it's a good idea to keep a copy of them at your home so you can grab and go when needed.

"If your pet has an ongoing medical condition, it would be best to bring any recent medical records, [and] X-rays with you," says Dr. Gary Richter, veterinary health expert with Rover.com. "Similarly, if the reason for the visit is because the pet got into something that could be toxic, bringing the exact product or a picture of a label is very helpful. The more information you can provide to the team at the emergency clinic, the easier things are going to be."

Bring some form of payment with you

Even if you haven't figured out exactly how you're going to pay the bill, you will need to show some form of payment (especially if you don't have insurance) if you'd like your pet to receive care. Don't leave home without it.

Most facilities have an initial exam fee, after which they'll provide an estimate for recommended testing and treatment. Costs can range from under $100 to thousands if the pet is in critical condition. You'll then have some time, but perhaps not much time if the situation is critical, to make your decision on what you can afford and how to proceed with the care. (See also: 8 Ways to Lower Your Vet Bills)

Put aside money for your pet's emergency

You stash away cash for your own emergencies, so it makes sense to save a little extra for your pet's needs since they are such an important part of your life. At the very least, you should have enough to cover your pet insurance deductible, but more will likely be necessary if you don't have pet insurance.

"If you forgo insurance, you should have at least $2,500 set aside for your pet," advises Jme Thomas, executive director of Motley Zoo Animal Rescue in Redmond, Washington. This is, sadly, really hard for a lot of people to do, but instantly when your dog gets hit by a car, that's pretty much what you're looking at to start — not even for the ongoing care and treatment. We feel that's a slightly conservative estimate [for the actual care], but a relatively typical amount for an emergency fund."

There are credit options specifically for these emergencies

If you're in the hospital with your pet and you're trying to figure out how to pay for the bill, CareCredit could be an option for you. You can apply for this medical assistance credit line in advance, possibly at your veterinarian's office, or online, just so you have it on hand when the emergency arises. You can also do it at the emergency vet's office at the time, if needed.

Your qualification for this card is based on your credit situation, like any other card would be, so you can't have a terrible score, Thomas says. But it's not as harshly critical of your score as, say, a mortgage lender would be.

"This is what saves a lot of people's pets in the end," she adds.

Don't let emotion control the situation

You want to save your pet, there's no doubt about that. But one practical question you need to ask yourself when your pet has an emergency is if going into debt for the treatment is worth it. That may seem harsh, but you need to keep a roof over your own head if you want to be able to afford caring for another living creature.

Adds Dr. Richter, "When people are faced with these kinds of choices, they need to weigh the costs with the pet's prognosis and how spending the money will impact their lives. An excellent long-term prognosis — broken leg, for example — may warrant spending the money, whereas end-stage terminal cancer is a more difficult decision."

In the end, it's your decision, but you shouldn't compromise your ability to provide for yourself. It defeats the whole purpose. (See also: 6 Money Lessons You Can Learn From Your Pets)

Like this article? Pin it!

This article is from Mikey Rox of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

5 Estate Planning Questions Everyone Should Ask

Dan Rafter — Mon, 05 Mar 2018 09:00:07 +0000

There are no guarantees when it comes to the number of years everyone gets on this earth. You may plan to live well into your 90s, but circumstances — and your health — can change very quickly. This is why it's important not to put off the uncomfortable but necessary work of planning your estate.

Not sure where to start? Ask yourself these five key estate planning questions.

1. Why haven't I created a will?

You might not be rich, or even old, but that doesn't mean you don't need a will. A will is for anyone who wants to leave behind assets to loved ones or specify who should raise their children if they die.

That last point is especially important. If you are a parent of young children, you need to spell out in a will who should take guardianship of your sons or daughters should you unexpectedly pass away. If you don't, the courts will make that decision for you. Don't leave this up to chance. Draft a will and include these instructions. If you already have a will but you've had a major life change since you wrote it, it's probably time to update your will.

It's best to work with a legal professional when drafting your will. A professional can help you list clearly who gets what assets. If you want to leave your home to a loved one after you die, you might need to take the extra step to create a trust, too. This can get complicated, so again, it's best to work with an attorney. (See also: Here's What Happens If You Don't Leave a Will)

2. Do I have enough life insurance?

Life insurance is a necessary financial protection for your loved ones. If you should pass away unexpectedly, would your spouse be able to afford the monthly mortgage payments? Would your children be able to remain in the home in which they've grown up?

Life insurance can help ensure that your loved ones don't have to worry about paying their bills after you die. Upon your death, your life insurance will give an agreed-upon payment to your beneficiary, who can use that money to cover anything from mortgage payments to college tuition.

There are two main types of life insurance: term and whole. Term life insurance is less expensive but still provides solid coverage. With this type of insurance, you pay a premium for a certain number of years, perhaps 20 or 30. If you die during this time, your policy pays out. Once that term expires, you'll need to buy a new policy if you want to maintain life insurance coverage.

Whole life insurance is usually more expensive, but you don't have to worry about renewing after a term ends. Instead, you pay a premium every month — or every year — for the rest of your life. There is no end limit on the premium. The policy will pay out when you die.

How much life insurance do you need? That depends on your situation. Do you have young children dependent on your income? Does your spouse work? Are all your children young adults who are earning livings of their own? You'll want more life insurance coverage the younger and more dependent on your income your loved ones are. Your life insurance payout should at least cover the debt you owe for your mortgage, car, credit cards, and education. (See also: Term vs Whole Life Insurance: Here's How to Choose)

3. What do I want to do with my home?

One of the biggest assets you might have is your home. A home, though, can be a problem after you die.

If you've paid off your home and own it, you'll have to determine what you want your survivors to do with that residence. Do you want to leave your home to a child? That can be a tough decision if you have more than one child. Or do you want your children to sell the home and split the proceeds? Make sure you specify in your will what your preference is for dealing with your home. This can help prevent tension among your survivors.

If you haven't finished paying off your house, your options may be more limited. Funds from your estate may be used to pay off the debt you owe to your mortgage lender. But if your estate doesn't have enough money to cover this, your home might have to be sold, especially if none of your survivors want to take on your remaining mortgage payments. (See also: Why You May Need a Revocable Living Trust)

4. Will anyone know how to find my key documents?

Where do you keep your most important financial documents? Do you have a designated place for everything, from your will, to your tax returns and bank statements, to instructions for your funeral?

Wherever that place is, you need to make sure that your loved ones know where to find these important papers. Having a will doesn't help if no one can find it. And making sure that your next of kin know exactly where your checkbook, bank account statements, and past tax returns are stored can ease the burden they'll face when trying to move on from your death. (See also: 9 End-of-Life Cost Savings Your Survivors Will Thank You For)

5. Who will care for your pets?

Do you share your home with a beloved pooch, cat, or parakeet? What would happen to these companions if you should pass away?

If you want to make sure that your pets are cared for after you pass, leave instructions. You can include this information in a will, especially if you are going to leave your pets to a family member. You might want to also set up a savings account or leave a sum of money that will help cover the costs of caring for your pets, as a way to ease any burden on family members.

If you have no one to care for your pets after you die, you might specify in your will that you'd like your animals donated to a pet-care organization. (See also: 6 Reasons You Need to Include Pets in Your Will)

Like this article? Pin it!

This article is from Dan Rafter of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

8 Things You Should Never Hide From Your Landlord

Paul Michael — Thu, 15 Feb 2018 09:00:08 +0000

So, you're renting a place to live. And that means you have a landlord. Whoever is responsible for the house or apartment will be holding you to a set of standards. You'll have signed a contract. Whether you're renting the place alone, with friends, or even strangers, you better be upfront about the following, or you could find yourself out on the street.

1. Your pets

When you look for a new place to rent, you'll see that almost all of them have a pet policy. It will either be no pets allowed, pets OK with a deposit, or a stipulation on which kind of pets you can have (maybe dogs aren't allowed, but cats are).

If you have a pet and are planning to rent a place, you must disclose it to the landlord. It's tempting to think, "Whiskers is so old and small, no one will care," but that's not the point.

The policy is there for a reason. The landlord may not want the additional cleanup involved in getting a house or apartment ready for the next tenant. Some pets can cause damage far more expensive to repair than the security deposit will cover. Whatever the reason, they set the rules, and you must agree to abide by them.

If you are found with a pet, even if it's a pet you bought after you signed the lease, the landlord is well within his or her rights to ask you to get rid of it. They could also evict you for breaching the contract. It's not worth it. Find a place that's pet-friendly, or see if you can give your pet to a caring friend. (See also: 7 Smart Ways to Get Your Apartment Deposit Back)

2. Any new roommates

Many of us have shared a home or apartment with roommates so we can afford the rent. It happens a lot with college students, or when you're living in places like Manhattan or Beverly Hills. If three of you decide to rent a four-bedroom place, and all sign the contract, no problem. But if you decide to move another friend in after the fact, that's trouble.

Whether you're taking money from that person to help with the rent, or just letting them stay for free, you are breaking the rules of the lease. Think of it from the landlord's point of view. He or she vetted you, and anyone else who put their name on the contract. If you bring someone else in, they get by that process unchecked. They're an unknown, and landlords really don't like unknowns; especially if it's their own home they're renting out.

Not only that, but it's possible the apartment or home is only fit for habitation by a maximum number of individuals. Add more, and you could be putting people in harm's way. Whatever the case, you're once again risking the chance of being kicked out on the street.

3. DIY or home improvements you have made

It may be home sweet home, but it isn't yours. You're just "borrowing" it for a set amount of time. The house, and any contents that came with it in the lease, are not yours. Therefore, you don't have the right to start messing around with them.

You may think you're doing the landlord a favor; perhaps you want to rip out the carpet and install a wooden floor, or scrape off the older wallpaper and add something fresh and vibrant. Well, that may not be something the landlord wants.

Now, by all means, ask the landlord if you can do these improvements, and get it in writing if he or she agrees. Chances are, if you're planning to make upgrades that make the place more attractive, you'll get the go-ahead. But never assume, and never keep any work you've done a secret. On the day you move out, you could find your security deposit is not returned because you didn't leave the home in the same state you found it. (See also: 14 Simple Ways to Make an Apartment a Home)

4. Problems with utilities

Utilities may be included with the rent, or they may all be your responsibility, but either way, you should tell the landlord as soon as you notice any problems. Water leaks can start out as minor repairs, but left unchecked, they can lead to thousands of dollars in damages. They can also affect other tenants, and it will all be on the landlord's shoulders.

Electric problems are just as bad. If something is shorting out, it could lead to a fire, and that could be disastrous.

Even if it doesn't seem like anything — maybe just a slight drop in water pressure, a sketchy light switch, or an unexplained increase in the utility bill — talk to your landlord immediately. In this case, a stitch in time really does apply. Oh, and if the landlord has evidence that you concealed the problems, you could be liable for the full cost of the repairs.

5. Broken or malfunctioning appliances

Just like the utilities issue, broken appliances and other fixtures should also be reported to the landlord as soon as you notice them. Again, if the malfunction is caught early, it could mean a simple fix instead of a major repair — or worse, having to replace the entire unit.

Broken or malfunctioning appliances can also cause damage to the apartment. For example, a washing machine that's leaking water into the wooden floors can create issues that may not be caught until months later, and by then, it's a big problem. A stove that leaks gas is obviously a serious health hazard and should be turned off and reported. A furnace that is setting off your carbon monoxide alarm is incredibly dangerous, and makes the home uninhabitable.

If that does happen, call the landlord immediately and get out of the home. Or at the very least, open all the windows if you cannot leave, and stay close to the fresh air. The landlord will be responsible for getting the furnace fixed, or more likely, replaced.

6. You're running a home-based business

Most of the time, the landlord isn't really going to care if it's a small business that doesn't impact the regulations of the area. For example, if you're making extra money selling knitted goods on Etsy, tutoring students, or writing web code on a laptop in your bedroom, it's probably not going to be a big deal. However, other kinds of business can cause problems for the landlord.

If you decide to turn your apartment into a massage therapy facility, or start fixing cars in the attached garage, you could be violating zoning restrictions. And if it is noisy, smelly, and a nuisance to neighbors, you're just asking to be evicted. Check with the landlord before you sign the lease; there will usually be a section in there talking about home-based businesses.

7. You can't find your key

Hey, it happens. Maybe it fell off the key ring, or you misplaced it and have no idea where it is. Even if you have a spare, you need to tell the landlord as soon as you notice your key has gone missing.

Although it's unlikely that it will be used to gain access to the property, you cannot say for sure that it didn't end up in the wrong hands. For your own peace of mind, you should tell the landlord what has happened, as any kind of security risk poses a problem.

If the landlord decides that the locks need to be changed, you will almost certainly be responsible for the costs incurred. You may also have no choice about which firm replaces the locks. If you're handy you could offer to do it yourself and save some money, but it's doubtful you'll be allowed to do that.

8. You're subletting the property

It's very tempting to sublet your apartment or home if you know you're going to be gone for a significant amount of time. Some people also sublet when they know a big event is coming to town, and services like Airbnb make it very easy to do that and make a significant profit for a few days. All of this is a big no-no if you haven't checked with the landlord first.

Some states and municipalities have specific laws regarding subletting. Your lease may explicitly prevent you from subletting. Even if the landlord agrees, he or she may want to have a say in who you choose to sublet the property to, and may insist on a background check that you must pay for.

And remember, if you do sublet and the subtenant doesn't pay you, it's your responsibility to pay the rent. So choose carefully, or you could end up in a world of financial pain. (See also: The Easy Way to Sublet Your Apartment)

Like this article? Pin it!

This article is from Paul Michael of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

6 Ways Your Pet Can Earn a Paycheck

Mikey Rox — Mon, 05 Feb 2018 10:00:06 +0000

We pet parents love our fur-babies, often to the detriment of our budgets. Does my dog Jaxon need a fancy Christmas sweater? Of course not — but is it appropriate for him to visit Santa naked? Also no. If you're a pet parent, I know you feel me on this.

But what if I told you that instead of costing you money, your pet(s) could make you some? It's true! And here are six ways how.

1. Turn your pet into a social media star

I'm usually looking at three things on Instagram: beautiful food, hot bods, and cute pets. And if you're the parent of an adorable animal, you can turn that gush-inducing face into a source of income using the image-based social media platform.

Take Grumpy Cat, for instance, who became world famous via Instagram. This led to many lucrative merchandising deals, including clothing, toys, iced coffee (that one's a bit of a head-scratcher), and a TV movie. There are plenty of other furry-famous stars, too — like Doug the Pug and Wally the Bunny, who are cute enough to end wars, but instead bring home the bacon.

Jeff Moriarty details how he and his wife got one of their cats into the Instagram game. He says they only spend about one hour a month total on the project, but have experienced local success.

"One cat food brand asked if they could use her photo, and provided us with quite a few bags of cat food in exchange," he says. "Since then we have tagged some of her photos with other brands of cat toys, food, and furniture, and have been given products from those brands in exchange for the use of her photos. While it's not exactly a paycheck, it's products we would normally have to pay for, so she's definitely paying her share for living in our home rent-free."

To try your hand at making your fur-baby Insta-famous, you should aim to make two to three high-quality posts per day so you can build interest and consistency. A unique hashtag using your pet's name can also help grow their popularity. (See also: How to Turn Your Instagram Account Into a Paying Gig)

2. Consider more traditional media, like modeling and acting

If you're not savvy enough to make your pet a star on Instagram, there are modeling and acting opportunities out there if your pet has the "look" and/or the talent.

Ashley Rossiter of MirrorMePR, which represents horses and canines, says there are a few specialist agencies who have animals on their books. Depending on how well-behaved your pet is, you might have a chance of getting on those books as well, and getting your pet into photographic, film, and TV work.

"We look for animals that are well-behaved, confident in themselves, and of course, are photogenic," she explains.

3. Upload stock images of your pet

(Photo: Brooke Jacobs)

If you're handy with a camera and take nice photos, you may be able to sell images of your pet on stock photo sites like Shutterstock. A friend of mine does this. She offers free prints to pet parents she finds on Craigslist for allowing her to photograph the animal for greeting cards, stock images, and more. My own dog was featured on Martha Stewart's website as a result, and I was given several great photos of the shoot that I proudly hang in my home.

4. Sell your chicken's eggs

(Photo: Matt Bowen)

Raising backyard chickens is becoming increasingly popular — I have a couple friends who do this — and it's more than it's cracked up to be. (Sorry, couldn't resist.) My pals Matt and Tim started raising chickens last year, and from 20 birds, they've netted $300 in additional income by selling farm-fresh eggs at their workplaces and to family and friends for $4 per dozen. They have a sizable piece of land, but anybody can raise chickens. Check your local laws and do some research before committing. (See also: How to Turn Your Backyard Into a Moneymaker)

5. Offer your alpaca's wool to garment makers

Alpaca fiber is a hot commodity these days, used by garment makers to create all sorts of items from blankets to couture gowns. My friend Celeste Malvar-Stewart, a fashion designer in Columbus, Ohio, engages in the latter — buying fleece from a local farm to turn out incredible dresses and other pieces, like soft, one-of-a-kind scarves.

Alpacas range in price from a few hundred dollars to a few thousand, and they yield between five and 13 pounds of fiber annually, depending on the size of the animal.

6. Charge people to cuddle with your pets

There are a lot of animal lovers out there, some of whom will pay you to spend time with your pet. I know it sounds off the wall, but if you live in a big city where pet ownership is often restricted by landlords, you can try to make a go of it.

When I lived in Manhattan, I had the bright idea to sell cuddle time with my dog Jaxon as a way to make money, but also to provide him with company while I was at work all day. It wasn't a million-dollar idea, but I did find a few people online (mostly through a Craigslist ad) who were willing to pay $20–$25 for a few hours of play time or just relaxing on the couch together.

People get lonely, and pets can help alleviate that, so it makes sense. I vetted the people who came to hang out with Jaxon to avoid putting him in danger, and once I felt comfortable enough, he and his new cuddle buddy had a mutually beneficial relationship. Certainly not for everyone, but if you know what you're doing, you can make this work. (See also: How to Make $400+ a Week as a Pet Sitter)

Like this article? Pin it!

This article is from Mikey Rox of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

15 Surprising Insurance Policies You Might Need

Dr Penny Pincher — Tue, 31 Oct 2017 08:30:09 +0000

Most people are familiar with the most common kinds of insurance — home, auto, life, and health insurance. But there are many additional insurance policies available for things that are probably not covered by your everyday basic policies. Depending on your risk exposure, additional insurance coverage could be worth the cost. (See also: 10 Weird Types of Insurance You Didn't Even Know About)

Here are some less well known kinds of insurance you might want to consider.

1. Pet insurance

This is basically health insurance for pets. A pet insurance policy can limit your expenses if your pet gets injured or sick and requires a costly medical procedure. If you would spend almost anything to save your fur baby, this can be worth getting so you don't have to worry about devastating veterinary bills. The cost of pet insurance ranges from about $10 to $70 per month, depending on the type of pet and the level of coverage. (See also: 7 Things You Need to Know About Pet Insurance)

2. Earthquake insurance

Even though there is not much risk of a big quake here in Iowa, I once added earthquake coverage to my homeowners policy. At the time I lived in an old, two-story farmhouse that I thought would be susceptible to an earthquake, and the cost of coverage was only a few dollars per year. It was well worth it for the peace of mind.

3. Flood insurance

Damage to your home by flooding is not typically covered by standard homeowners insurance policies. If there has been a history of flooding on your property or nearby homes, you will want to take a look at getting flood insurance. The average cost of flood insurance is around $700 per year, but it can depend on the location and risk of flooding. (See also: Everything You Need to Know About Flood Insurance)

4. Disability insurance

Disability insurance protects your paycheck in case you become incapacitated or disabled and are unable to work. Short-term disability insurance typically replaces about 80 percent of your income for two to six months. Long-term disability coverage may last for years or even your entire life, and typically covers up to 60 percent of your income. Disability insurance is especially important if you have a single earner in your household, or if one earner makes most of the income. (See also: 4 Things You Need to Know About Disability Insurance)

5. Long-term care insurance

If you become unable to take care of yourself later in life, you may need assisted living services or to move into a nursing home; both of which can be astronomically expensive. Long-term care insurance helps cover these expenses and is offered as a traditional insurance policy or as a hybrid policy that combines life insurance and long-term care insurance. Note that these policies can be expensive, costing up to $2,000 per year — sometimes more. (See also: Is Long Term Care Insurance Worth It?)

6. Supplemental health insurance

In case of illness or injury, supplemental health insurance may cover deductibles and co-payments that are not covered by other forms of insurance. It may even provide a cash payment to cover expenses such as utility bills, housing payments, and groceries while you are not working. Plans typically cost up to $30 per month.

7. Identity theft insurance

If you are a victim of identity theft, this insurance policy will cover the expenses of restoring your identity, including application fees, postage, notary fees, and attorney fees. Some policies also provide fraud loss coverage in case funds are stolen from your account. Coverage costs between $25 and $50 per year.

8. Student loan insurance

Unlike most other types of debt, student loans cannot be discharged through bankruptcy if you become disabled and are unable to make the payments. Some disability insurance providers offer student loan protection that can be added onto a disability policy that will make your student loan payments. This type of coverage is especially popular for medical school graduates and others with large student loans.

9. Wedding insurance

A lot of the expensive things that can go wrong with a wedding are covered by wedding insurance. The wedding may need to be postponed due to illness or injury. The wedding dress, rings, and even the cake can be lost or damaged. Depending on coverage, wedding insurance typically costs a few hundred dollars and may be worth considering if you are planning an elaborate event for the big day. You can also get liability coverage to protect you in case an accident happens at the wedding.

10. Travel insurance

Travel insurance comes in two main varieties: trip cancellation insurance and medical travel insurance. Trip cancellation insurance typically runs about 5 to 7 percent of the trip cost and protects you from losses in case your trip is canceled due to sudden illness or natural disaster. Some credit cards offer travel protection, so check with your card provider before taking out a separate policy. Medical travel insurance covers medical expenses if you are sick or injured in a foreign country, where your standard health insurance policy may not help you. (See also: Everything You Need to Know About Buying Travel Insurance)

11. Dorm insurance

Dorm insurance covers expensive items that you might take with you to college, such as a computer. It typically has a very low deductible (around $25), which makes it easier to get a payout if you suffer a loss. A $5,000 policy may have a premium of around $140 a year, according to Consumer Reports. But your homeowners insurance policy may already provide some coverage for students living in dormitories, so check before you sign up.

12. Renter's insurance

Even if you don't own a home, you may still want insurance coverage for possessions such as your clothes, furniture, and electronics in case of theft or damage. In fact, many landlords require you have this kind of insurance. Depending on the coverage, policies start at around $12 per month. (See also: 5 Reasons You Definitely Need Renters' Insurance)

13. Antiques insurance

If you have a valuable collection of antiques, coins, stamps, fine wine, or anything else out of the ordinary, you might want to consider getting your collection appraised and getting insurance coverage to replace it in case of damage, theft, or destruction. Standard homeowners insurance policies have limited coverage for special items, so adding a rider or separate policy may make sense. Premiums can vary widely depending on the appraised value of your items.

14. Longevity insurance

One of the big variables in retirement planning is estimating your life span. Living for a long time increases the amount of funds you'll need in retirement. If you are worried about outliving your retirement savings, you can get longevity insurance, a type of deferred annuity, that starts paying out once you hit a certain age, such as 85. An important thing to note is longevity insurance is "use it or lose it" — if you die before collecting your benefit, the money is lost.

15. Mortgage protection insurance

Mortgage protection insurance pays off your mortgage in the event of your death, and covers your loan payments if you become disabled or lose your job. If you have life insurance and disability insurance, you may already be covered for this risk. Mortgage protection insurance can be a good option if you are in a high risk occupation and cannot easily get disability insurance. Premium costs vary but are typically several hundred dollars per year.

Like this article? Pin it!

This article is from Dr Penny Pincher of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

Ask the Readers: How Do You Save Money on Pets?

Ashley Jacobs — Tue, 31 Oct 2017 08:30:05 +0000

Editor's Note: Congratulations to trixie, Christine, and Vladimir for winning this week's contest!

Pets offer many benefits to their human companions, but depending on the kind of animal you have, they can also be very costly.

How do you save money on pets? What are some of the highest expenses you have for your pet(s)? Are there any common expenses that you've been able to avoid altogether?

Tell us how you save money on pets and we'll enter you in a drawing to win a $20 Amazon Gift Card!

Win 1 of 3 $20 Amazon Gift Cards

We're doing three giveaways — here's how you can win:

Follow us on Twitter
Follow our Executive Editor Janet Alvarez on Twitter
Tweet about our giveaway for an entry.
Visit our Facebook page for an entry.

Use our Rafflecopter widget for your chance to win one of three Amazon Gift Cards:

a Rafflecopter giveaway

Giveaway Rules:

Contest ends Monday, November 6th at 11:59 p.m. Pacific. Winners will be announced after November 6th on the original post. Winners will also be contacted via email.
This promotion is in no way sponsored, endorsed or administered, or associated with Facebook or Twitter.
You must be 18 and U.S. resident to enter. Void where prohibited.

Good Luck!

Tell us how you save money on pets and we'll enter you in a drawing to win a $20 Amazon Gift Card!

This article is from Ashley Jacobs of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

7 Things You Need to Know About Pet Insurance

Mikey Rox — Fri, 15 Sep 2017 08:30:11 +0000

Do you need pet insurance? That depends. It can mean life or death for your pet if they experience a major medical issue — especially an expensive one that requires hospitalization or emergency surgery — but it can seem like an unnecessary monthly expense if you're paying into the plan and not using it. To make a decision whether pet insurance is right for you, here are a few things you should know. (See also: Is Pet Health Insurance Worth It?)

1. There are three types of pet health coverage

Most pet insurance companies break down coverage into three categories. The lowest tier is an accident-only plan, which only covers accidents and emergencies, like if your dog gets hurt by another dog at the park. This coverage does not include any hereditary issues or serious health conditions. Conversely, there's a wellness plan, which doesn't include anything that the accident-only plan includes, but rather focuses on wellness and routine care, like annual exams, dental cleanings, and routine medications, like heartworm and flea-and-tick prevention.

Two plans that don't overlap anywhere kind of force pet parents into the all-encompassing third option, and that's where the more expensive, major medical plans come in.

More than 90 percent of all pet insurance plans purchased are in this category, according to PetInsuranceQuotes.com, which helps users compare coverage and prices among leading providers. It's likely major medical plans are so popular because they cover everything except wellness and routine care. Accidents, illnesses, cancer, orthopedic issues, hereditary conditions, and prescription meds are under the veil of these plans, the price of which is mostly determined by the breed of pet you have.

2. Pet insurance can help you avoid major debt

For many pet parents, putting an animal down when an expensive health issue strikes just isn't an option. They'll use any means possible to come up with the money to keep their pet alive. Using money from your emergency fund if it's readily available is one thing, but putting the bill on a credit card when money is already tight just isn't smart.

Pet insurance, however, can eliminate that issue altogether. You'll pay a small amount each month so you don't have to experience even greater stress about your finances when your pet is in the hospital. The premium is probably worth the peace of mind. (See also: 5 Pet Costs You Don't See Coming)

3. Having coverage could mean saving your pet's life

When I first moved to Manhattan, barely able to pay my bills, my husband wanted a dog. I was dead-set against it, but his continued pleas caused me to cave, and before I knew it, we had a rambunctious puppy.

Fast forward to a year-and-a-half later, still struggling to make ends meet, and our dog Jaxon is rushed to the hospital with a respiratory infection that cost about $8,000. There was a brief period of time when we weren't sure if our pet insurance would cover the cost of treatment — or how much we would have to spend out-of-pocket — and we had to make a tough decision. It was a quick decision. We could afford up to $3,000 in out-of-pocket expenses and nothing more; otherwise we would have to say our goodbyes. Thankfully we didn't have to, because the little bugger is still my best bud. Pet insurance saved Jaxon's life that day, and it could very well save your pet's life, too. (See also: 6 Pet Expenses You Should Never Skip)

4. Age plays an important part in the coverage you'll get

It's important to enroll your pet while they're young and healthy enough to get the best coverage at the lowest price. No pet insurance provider will cover pre-existing conditions, which makes getting coverage as the pet ages tougher and more expensive, if possible at all.

"If your pet is a senior and/or has pre-existing conditions, you may want to consider the accident-only plan," says Chris Middleton, president of Pets Best, a leading pet insurance provider. "Or get the accident-only plan and add routine care to it."

I decided to end major medical coverage on Jaxon because he doesn't go anywhere that he'll get hurt and he hasn't had any major medical issues for years; that level of insurance was becoming an expense that wasn't worth it. He's also getting up there in age, and at some point I have to let nature take its course. For now, he's happy, healthy, and we're enjoying life together.

5. Your pet's breed will influence coverage and cost

Some pet breeds are more prone to hereditary conditions and medical issues than others, which will affect the price you'll pay for pet insurance right off the bat. For example, you can expect to pay an average of $45 a month for a Labrador retriever versus $53 a month for an English bulldog, according to PetInsuranceQuotes.com. Both of these breeds come with their own set of hereditary issues that can be expensive to treat, which affect prices. If you know you want pet insurance but haven't found the perfect pet yet, it's worth researching insurance premiums based on breed; it may inform your decision on what breeds to focus on and which to avoid. (See also: 8 Ways to Lower Your Vet Bills)

6. Find the coverage that works best for your pet and your wallet

To get the most for your pet insurance price, look for a provider that covers the largest portion of your veterinary bill, coverage for congenital and hereditary conditions, and has no limits to the amount they will pay out.

"Choose a deductible that fits your budget and how they are applied," adds pet insurance provider Trupanion. "Deductibles can help you control your premiums while making sure you see coverage before you hit your budget limit."

7. Pet insurance usually works on a reimbursement model

Pet insurance is a reimbursement model, meaning the pet owner pays their bill at the veterinarian (and often you must pay it in full before your pet is allowed to leave the facility), then submit the proof of payment to the provider for reimbursement. You should research the company's options for submitting claims before choosing a provider, advises Middleton.

"Since pet insurance is a reimbursement model, getting your money back quickly is one of the most important features," Middleton says. "It's also important to look at how they will reimburse you. Some companies will only cut a check to pay your claim; so you have to factor in the time to cut the check, get it mailed to you, then deposit it."

Direct-deposit reimbursement also is available at some providers.

Like this article? Pin it!

This article is from Mikey Rox of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

6 Pet Expenses You Should Never Skip

Mikey Rox — Wed, 06 Sep 2017 08:30:10 +0000

For some of us, our pets are the only children we're going to have (sorry, mom) — and like any good parent, we want to take care of our babies as best we can. But in the world of pet care, how do we know what's worth it and what isn't — especially when we examine the price tags associated with such expenses? You and your favorite cuddle buddy can live without a lot of what's out there, but here are the pet care costs you should never skip. (See also: 8 Ways to Lower Your Vet Bills)

1. Vaccinations

Vaccines do an incredible amount of good versus whatever rogue side effects have been suggested, largely by the nonscientific community. This goes for your pets, too.

There's been some controversy on whether cats actually need annual shots, and the general consensus — among some, but not all vets — is that if your cat is strictly indoors and doesn't come into contact with other cats that may have feline leukemia, you can probably skip a year or two on vaccinations.

Pet-care author, Kelly Meister-Yetter, affectionately known as the Critter Lady, says she has four indoor-only cats and she doesn't have them vaccinated every year. If your cat is to be boarded, however, virtually every establishment will require updated shots.

Dogs, however, are a different story. "You should never skip dog vaccinations, especially the rabies update shot every year," Meister-Yetter says. And some rabies vaccinations are good for three years. "Dogs can get into all manner of mischief, and it's always best to keep them safe."

2. Consistent veterinary care from infancy

A pet parent should never skimp on vet care, which should include a yearly physical exam. Not only does the examination allow your veterinarian to assess the overall health of your pet, it also creates a health care team for you, the pet parent.

"When the pet is sick or injured, they will be worked in right away with someone who knows the pet and has its medical history, known medications and allergies, everything," according to Kathryn Primm, resident veterinarian at pet wellness site IHeartDogs.com.

Vet care shouldn't be used as an emergency resource, but rather an established method of preventive care, from the moment you adopt or decide to bring a pet into your family.

House Call Vet NYC Dr. Jeff Levy, whose practice specializes in holistic pet care, says regular checkups combined with a reasonable vaccination protocol can prevent unforeseen and costly medical problems throughout your pet's life. This preventive care can save you a substantial amount of money by addressing potential problems before they reach a stage that you may not be able to afford.

3. Pet insurance

Pet insurance, though it may seem costly over the span of your pet's life, will spare you money and heartbreak in emergency situations that can cost thousands.

My own dog had a respiratory issue very early on, the surgery for which crept upwards of $10,000. It's horrible to say, but if I didn't have pet insurance for him, we wouldn't have spent the past seven years post-procedure enjoying each other's company. Pet insurance saved his life.

Jamie Thomas, executive director of Motley Zoo Animal Rescue in Washington State, says she experiences the consequences of uninsured pets on a regular basis.

"We routinely see animals surrendered for something as simple as a broken leg — [which costs a pet parent] about $1,500 to $2,000 [to mend]," she says. "This is really avoidable and it breaks our hearts. All it takes is one accident where your cat gets out the door and hit by a car, or your dog gets injured by another, and you might be facing euthanization rather than care and treatment, simply due to expenses."

Outside of pet insurance, it's also a good idea to have a small emergency fund set up for your pet, just in case. And as your pet ages, certainly you can reconsider your insurance coverage. You may decide that your pet doesn't need a high level of coverage or coverage at all as it enters its final stages of life, but that's a personal decision you'll have to make.

4. Good food and nutrition

Be mindful of your pet's diet, and don't skimp on their food. This doesn't mean following the latest fads or advertising. Consider your veterinarian's professional opinion and conduct your own research using authoritative sources.

"You cannot underestimate the value of good food and what this can do for your animal's long-term health and well-being," explains Thomas. "The ingredients and fillers in cheap pet food can actually cost you more in vet bills, trying to figure out why your pet's coat is really dry, coarse, or why your pet is super itchy or has skin issues. Ingredients like chicken and grains are the biggest culprits causing pet allergies, including skin and ear infections." (See also: 20 Most Useful Pet Food Websites)

5. Exercise and socialization

I'm a pretty lucky pet parent because there are plenty of dog parks, beaches, and even dog-friendly happy hours where I live that my best fur-buddy and I can go to socialize and get regular exercise, and it's all free (except for the beers, of course). This is probably the case for you as well (a quick search will find all the dog-friendly places in your vicinity), and it's important to utilize these community assets so your pet can make friends and play.

"While cats are often solitary animals, dogs thrive on social interaction; invest your time, effort, and resources into enriching your pet's daily life," Dr. Levy advises. "Both species need exercise to keep their bodies healthy. For cats, invest in toys and dedicate time to daily play. Dogs should not stay home alone while you are at work, so pony up for a walker or daycare."

6. Dog training, if needed

A lot of pet parents manage to raise friendly, gentle, loving dogs without the assistance of trainers. The problem is, you never really know how your pet will turn out as an adult based on your specific combination of nature and nurture, which makes it a good idea to invest in formal training.

Thomas says, "Many people rely on the breed of dog — 'good family dogs' — and think they don't need training, or think that hanging out with the family is actually socializing their dog. But investing in a better understanding of what training entails and how to communicate effectively with your dog, as well as how to truly socialize your dog, will be a priceless experience and can truly be the difference between keeping your dog or not. If people invested as much time and attention into these factors as they do researching a dog breed that will be perfect for them, they'd be more successful — and find many more dogs that would actually work for them."

Like this article? Pin it!

This article is from Mikey Rox of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

How to Keep Your Pets Cool During a Heat Wave

Amanda Meadows — Fri, 04 Aug 2017 09:00:05 +0000

Summer is here and the weather is hot. Those of us with pets get worried about keeping them from overheating, especially while we're at work. Here's how to keep your pets safe, healthy, and comfortably cool during a heat wave.

1. Prioritize hydration

During the rest of the year, just two or three water bowl changes is enough. But during the hot months, you'll not only want to refill regularly, but you should also consider adding bowls with cold water throughout the house, especially if you live in a large home. This will offer your pets easy access to hydration when the high temps make them sluggish.

2. Learn to spot heatstroke

One of the most important things to know is how to spot the signs of heatstroke in an animal. Are they panting or drooling a lot? Are their gums red? Get them a damp cloth, some cold water, and get them to a vet as soon as possible, as heatstroke can be deadly.

3. Create shade

Keeping the hot rays of light from shining down on your pet will help prevent them from overheating. It will also keep your indoor temperature down. Try closing the blinds and your curtains when the sun is out, especially when you are about to leave the house. Also ensure you have set up a shady area in your yard for outside time.

4. Trim, but don't shave

Worried all their fur is making them uncomfortably hot? Well, remember that dogs and cats have a special layer of insulating fur that not only keeps them warm during winter months and harsh weather, but also protects them from excess sun exposure and superficial injuries. Take them to the groomer to give them a cute summer haircut, but do not shave all the way to the skin. (See also: 6 Money Lessons You Can Learn From Your Pets)

5. Keep the A/C and fans running

You don't need to keep the A/C on for the entire house. Keep your pet's favorite spot cool with a portable air conditioning unit or simply a fan to keep the air circulating, so your beloved furry companion isn't languishing under sweaty, stagnant air.

6. Apply a damp cloth

If you notice your pet might be overheating, a fast way to get them cooled off is by applying a cool, damp cloth to their body, face, and paws. You might need to do this a handful of times throughout a hot day, but your pet will experience some instant relief.

7. Keep them indoors

Outdoor time is important for dogs, but make sure that when it's above 90 degrees, that they have plenty of time indoors. If you need to leave your dog in the yard while you're away, make sure you've set up a shady area with lots of water where they can rest.

Like this article? Pin it!

This article is from Amanda Meadows of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread: