If your cat or dog needs emergency medical care, you’ll most likely be hit with a major bill. By spending a small amount on pet insurance each month, you’ll avoid “economic euthanasia”―having to put your pet down in lieu of an expensive surgery or treatment. The threshold of what you can spend on your pet’s care skyrockets with insurance, so in an emergency you may not only save money but also your pet’s life.
How I save: "Before I insured my pets one of my pugs was attacked at a dog park—which led to a $200 vet bill. Later, he cracked his tooth (cost: $500). For me, it's worth $18 a month to cover them." —Shannon Blood, 32, Temple, Ariz.