emergency-expense

Why Every Biz Owner Needs an Emergency Fund, Part II

It seems like right after I quit my job to turn my side-hustle into a full-time business…

BAM!

All types of emergency expenses come up and bite us in the ass. If we didn’t have an emergency fund we would have been grass. Remember when my car battery took a crap? What luck!

So, what happened this time?

My husband Marc was being his little frugal mini me self and bought a needle and thread to repair a hole in is pants at about 12 AM.

While he took a break in the bathroom the cat jumps on top of our ottoman, swallowed a needle, and convulses on the floor – all of this in time for Marc’s return.

Thank God Marc caught him in the convulsing phase because a few minutes afterward Zeus was acting completely normal. We searched around for the needle in hopes that he may just be acting strange – a trait he gets from his parents.

No needle. Still acting 100% normal we went to the emergency vet hospital. They did an X-ray and…

business-owner-emergency-fund

BAM!

To our unpleasant surprise he had a very large needle stuck between his esophagus and stomach. My poor, poor child.

And my poor, poor wallet. $3,000 worth of vet bills.

I know some of you are thinking… I would never spend that much on a cat. That’s a valid statement. However, what could you do instead?

A. Put him to sleep.

B. Hope he’ll pass it.

C. Watch him convulse while making a decision to have it removed.

None of these sound too humane to me.

So, we went ahead with the most affordable surgery option – they used a mechanical arm to pull the needle from his throat. How fancy? We thought about putting together money from our emergency savings to pay for it right there and then.

But decided it wasn’t a good idea.

That would leave us with almost no money in our emergency fund and the thought makes me incredibly uncomfortable. So we settled with the Care Credit program.

Totally easy to sign up for no interest for 6, 12, or 24 months depending on your medical expense, income, and credit. This card can also be used on human health expenses.

I definitely prefer not taking out credit in most situations. Of course this is out of the ordinary.

Right now we have a cat walking around with dollar signs over his head. He’s licking his lips after a nice little snack of canned tuna.

And both of us could care less about the money, he’s alive!

The Lesson Here?

Before you take your hustle full-time and for life in general, you need an emergency fund. No exceptions. Things will come up and you don’t want to have to worry about making ends meet.

— This post or page may contain affiliate links. Don’t worry, though. I only promote products that I’ve used or truly believe in.

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Taylor K. Gordon is a writer and money blogger. She writes on how to live your best life without going broke.

11 Comments
  1. Reply Kassandra August 18, 2014 at 11:25 am

    Oh wow! Glad the kitty is ok but $3K is a big amount. My cat Piglet (RIP) decided to perform an acrobatic move and snapped his femur. Over $1K for the surgery and 40 clamps later, my cat felt more embarrassed about his shaved hind leg than anything! You do what you have to once you’re a pet owner.

    • Reply Taylor August 21, 2014 at 2:42 pm

      Me too! We love him. Cats are honestly crazy LOL. I can just imagine the type of black flip Piglet was attempting to land. I agree you do what you have to do because they’re like family!

  2. Reply Theresa August 19, 2014 at 12:15 pm

    Taylor this is the funniest pet story I’ve ever heard. I’ve been there though. I tell my children, Leslie and Michael (they love their dogs intensely, and they take them everywhere with them), that dogs in this country live a life of luxury experienced nowhere else. I have been to the animal ER with both their pets, and together we’ve spent over $1000 on each pet. In Jamaica we use to do the best home remedy we could or shoot/put the dog down. Ok so on occasion we took our dogs to the vet. We have animal ER’s now? Surgery on dogs…wow!

    • Reply Taylor August 21, 2014 at 2:44 pm

      HAHAHA you would think this is funny Auntie Theresa LOL. I’ve heard tons of stories about mongrels in Jamaica from Marc. This is his first pet and he’s 27 years old! There’s no way I could put my child to sleep!

  3. Reply Emma Lincoln August 19, 2014 at 6:56 pm

    Don’t be hard on yourselves for the high vet bill. It’s impossible to make a decision like that in the moment, when the humane thing to do is to stop an animal from suffering. People have blown $3K on so many worse things!!

    • Reply Taylor August 21, 2014 at 2:44 pm

      Thanks Emma! That makes me feel a lot better. I couldn’t imagine him spending another minute with a giant needle in his throat!

  4. Reply Lisa vs. the Loans August 20, 2014 at 6:59 pm

    Oh my gosh! I hope Zeus is doing okay! I think no interest financing is a smart way to leverage expenses. It gives you time to pay for the bill, and it doesn’t accrue any extra interest.

    • Reply Taylor August 21, 2014 at 2:45 pm

      He’s doing great, like nothing ever happened. Definitely happy we found this credit card. There is fine print that I may do a post on later, but we’re being extremely careful making the payments on time and more than the minimum payment.

  5. Reply Michelle August 21, 2014 at 9:40 pm

    Oh, that is terrible! Cats are so sneaky….and live through anything.

  6. Reply Kate June 10, 2015 at 5:35 am

    I am glad you were able to save your kitty. 3000 is a lot of money, but I wish I would have had that chance to save my kitty. He swallowed a needle (and some thread attached) when I was out. I didn’t even know until I found it after he threw it up, but it was too late. It must have punctured one of his organs and he died during the night. Completely broke my heart. He was my dear little baby.
    Glad your kitty got a second chance!

    • Reply Taylor June 10, 2015 at 11:24 am

      Me too! I know it is a lot of money, but we try to remember it’s worth it. I’m so sorry to hear that! Pets are just like family it’s so sad when they pass away.

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