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  • Pessimism pays: Expecting the worst can save you money

    Posted Mar 13 2008, 04:54 AM by Karen Datko

    This post comes from Lana Goodrich at partner blog Wise Bread.

    What's the first thing people tell you when you start feeling down in the dumps? "Don't worry. Things will get better." But sometimes, being too positive is just a one-way street to being unprepared.

    Here are four common worries and why dwelling on them can help you save cash.

    What if I lose my job? You're right to worry. The economy is on shaky ground, and you could be fired or laid off due to any number of circumstances. Take it for granted that you're going to leave your job eventually.

    This is a good time to set aside money for an emergency fund to cover at least three months' living expenses. Update your resume or portfolio so they're current and highlight your best work. Network with acquaintances and put out your feelers for similar jobs -- even if you have no intention of leaving quite yet. Being ready is the best way to bounce back.   Read More...

  • What a 9-day hospital stay taught me about health insurance

    Posted Mar 05 2008, 07:51 AM by Karen Datko

    This post comes from partner blog The Dough Roller.

    2008 has been a difficult year. On Dec. 30, I rushed my wife to the emergency room. She had severe abdominal pain and was literally doubled over as we raced to the hospital.

    When morphine didn't dull the pain, they moved to Dilaudid, which is much stronger. It took the edge off the pain. Then the vomiting started. Ten hours and many tests later, they released her. They didn't know what the problem was, but the medicine had reduced her systems.

    After a restless night, the pain returned, and off we went to the hospital at 5 a.m. This time we spent 13 hours in the emergency room before she was admitted. More tests, more guesses, more pain and more vomiting.

    By Jan. 2 (happy new year, by the way), they had narrowed the problem to one of her kidneys and scheduled a procedure for later in the week. The procedure went well, and everything seemed to be resolved.

    She was discharged that day. Five hours later the pain and vomiting returned. We were off to the emergency room again, she was admitted and had the same procedure. She was discharged the next day, nine days after the ordeal had begun.

    She's doing much better now, although there are a number of follow-ups yet to go. They think the problem has been resolved, but they aren't certain.

    I give you all of this background so you can better appreciate the following four things this experience taught us about health insurance (we have preferred-provider organization or PPO insurance).   Read More...

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