19 Nov
Bikinis Are Cool, But Let’s Have Full Coverage
This week: milestone #7 on The Road to Being a Grownup.
You know how every so often you back out of the dream world you live in and face facts? Yeah, me neither, but still… Don’t get me wrong, dream worlds can be hilarious.
For example, last night. I dreamed I pulled out my Google Credit Card and… actually… used it.
Like I said, hilarious.
What I realized last week with a bolt of spine-tingling clarity is that we were a stop sign, a break pedal, a mongoose-crossing-the-road away from debt. Last year we bought The Wife a $4,000 car with cash and gleefully insured it with liability coverage. Not comprehensive.
Not a big deal?
Really.
Well, let me tally what we have in the ole savings account… hmm… $1,000. Right. Baby step 1. How much is that car worth again?
So as of today we have comprehensive coverage on both cars and you know what? It cost us $192 more per year.
Our cars probably have three to four years of life left in them so for $600 – $800 we completely defer thousands of dollars of risk.
This makes sense. Maybe someday when we have enough in savings to write a check for a car when we total ours we can drop that full coverage, but to pretend that we can today is sheer folly.
I feel so friggin grown up I’m gonna puke.
So does Google even make a credit card? What was THAT all about?
Love,
the Dad
Posted by Money Funk on 11/20/09 at 12:14 pm
I have excellent coverage for the last 5 years with Wawanesa for full coverage insurance. It just makes me feel safer (plus I’m financing my car – so I need to have it).
Talk about weird dreams – I dreamt I was doing laundry at my friend’s house with his wife (whom I’ve never met), next I was doing the whites at my BFFs house and she threw in one of her son’s red shirts – turned laundry swirly pink, then i was driving with my husband down the street as hail was falling on the other half of the street and the towns people were happy about it. Analyze that!
Posted by jpkittie on 11/20/09 at 1:21 pm
too funny!!!!
Posted by the Dad on 11/20/09 at 3:41 pm
LOL! MUST be the time change…
Posted by Jerri Lyn on 12/04/09 at 12:12 pm
Thank you for the wake-up call! I made all of my changes in less than 10 minutes online.
My difference in premium on 2 10+-year-old cars? $81.10. For the year. That’s an extra $6.76 per month!
I feel much better now, thanks!