Back in December, I wrote about the now importance of having pet insurance. With vet prices skyrocketing, it’s very wise to have pet insurance at this time. Which we currently do. You can read that post by clicking here. Well, true to form, my little Maltipoo was having trouble with her baby teeth. Apparently one of them wouldn’t come out nor make room for the permanent teeth, so it just got stuck crammed into my puppy’s left side jaw. If you don’t take care of this slight dilemma, it can turn into a veterinarian nightmare. So, we coordinated the baby tooth extraction with my pup’s upcoming spay. Also, unbeknownst to us, puppy developed a bit of a hernia. That too we coordinated with the upcoming spay.
All this coordination was going to set us back $1585.05. Not to worry. We now have pet insurance. We also have a long time relationship with our vet going back almost twenty years. Thanks to that time span, our vet gave us a courtesy discount of $678.50 leaving the remaining balance due (on this invoice) of $906.55. The week prior puppy had to have blood work done to prepare for the upcoming spay surgery at a cost of $100. All in all, this current vet bill was going to set us back $1006.55. OUCH!
Nonetheless, we got hit with a thousand dollar bill! I put in for our pet insurance which informed us it would take up to 35 days to process. Double ouch. So, what did I do to pay this bill in full without breaking the bank? I put it on a zero interest card (payable in 8 installments @ $125.82 per month). My daughter (who originally owned the puppy) had promised to pay half the spay, which she honored, but she also paid half the tooth extraction and hernia repair. My daughter contributed $503.28 towards the vet bill. I used part of that to pay off another lingering zero balance charge I had still due ($215.70 remaining balance on hubby’s Christmas gift, an iWatch) and applied the remaining balance to this new zero interest charge, lowering the monthly cost to $89.87 a month. That is until the pet insurance reimburses me. Hopefully, by then I can get this new zero interest monthly charge paid off in full, and that will be the end of all of that!
It may sound confusing, but I know exactly what I am doing. I’m using ‘their‘ money so I don’t have to use ‘mine’. You only can get zero interest charge cards if you have a high FICO score. You also have to be very vigilant on paying off the balance because if you miss the payoff deadline by even a day, they will charge you an exorbitant amount of interest starting back from day one. That’s why I always arrange to pay off the zero interest charge one month earlier to give me some wiggle room, should I need it. Oftentimes there is a balance transfer fee, anywhere from 2% to 4% of the amount borrowed. A few times I’ve gotten the balance transfer fees waived. This last time I got hit with a 2% balance transfer fee but it only came to $19. I make way more than that in interest alone, so the nineteen dollars was, as I like to categorize it, a business transaction. Just the cost of doing business. Plain and simple.