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I've made a decision

July 26th, 2008 at 12:58 pm

In my last entry I was lamenting that I would have to charge upcoming dental work. After getting out of debt last year, I SO hate to do that.

I've decided that I will take the money from my medical premium account to pay for it. I still have half a year to make it up, since the premium is not due until January.

That will force me to save, and I won't be paying interest.

Why didn't I think of that before?

Posted in Uncategorized | 7 Comments »

7 Responses to “I've made a decision”

  1. koppur Says:
    July 26th, 2008 at 02:43 pm 1217083438
    1217083438

    Sounds like a good idea. Smile

  2. Ima saver Says:
    July 26th, 2008 at 03:57 pm 1217087856
    1217087856

    Smart idea!!

  3. Aleta Says:
    July 26th, 2008 at 05:24 pm 1217093090
    1217093090

    Good for you. I've done that for a number of years now. I have escrow accounts and if I need to borrow, I borrow from them. You are becoming your own banker and lender. It will encourage you to pay it back. Not only that; if it's an interest bearing account - you'll be getting less interest that won't become taxable to you.

  4. fern Says:
    July 26th, 2008 at 07:15 pm 1217099719
    1217099719

    Oh, yes, do anything but charge that to a high interest credit card. Yikes.

  5. boomeyers Says:
    July 26th, 2008 at 08:36 pm 1217104579
    1217104579

    Good thinking! You can do it!

  6. Amber Says:
    July 27th, 2008 at 05:06 am 1217135162
    1217135162

    Good for you, I would definately do that

  7. monkeymama Says:
    July 27th, 2008 at 03:51 pm 1217173905
    1217173905

    I think I may have to do the same. I am stressed by potential dental bills for the older child, but I realize I have $1k sitting in the medical deductible fund, and my HMO is VERY slow to bill. So I may be able to pull from there and not notice much difference. I've been saving for the full deductible (in case we reach it in 2008, which is unknown for now), but it takes them months (if not years) to bill. So I realize I have some decent float there.

    Seems fitting to put medical money to dental money.

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