With so many costs that have to be accounted for in your budget, it’s probably difficult to monitor everything. There are so many different expenditures that need to be covered and each one of them seems to be more demanding than the last. You need to pay rent, utilities, credit card bills, insurance, and groceries. The list seems to go on and on. It’s tempting to want to cut down the list, and perhaps this is a good idea, but many people choose to forego the wrong things when making changes in their lives.
Insurance
When people are looking for a place to cut back on their spending habits, insurance is often one of the first things to go. This is one of the worst decisions you could make. Insurance should be the last thing you think about cutting out of your life. It is one of the only things that can rescue you when you run into unexpected troubles. Many people think that just cutting out one type of insurance won’t leave them in too much of a predicament, but in reality foregoing any insurance leaves them vulnerable and exposed to countless situations. One of the main types of insurance people think to go without is car insurance (ประกันภัยรถยนต์), but this can be a terrible mistake.
Insuring Your Vehicles is Important
While it may be tempting to rely on your superb driving skills, this alone is not enough to keep your vehicle safe. Many people forget that they have to account for not only their own actions on the road, but also the actions of others. Sure, you may be wary of that vehicle two cars up on the road that just cut off the driver in front of you, but you likely assume that everything will be fine and you don’t really have too much to worry about as long as you keep a wary eye. Being aware of your surroundings on the road is a great habit to have, but that alone is not enough to keep you safe. What happens if that panicky driver in front of you slams on his or her brakes with no warning and you don’t have enough time to avoid hitting him or her? Even though you feel that you didn’t cause the accident, many companies will find you at fault for not driving more vigilantly and you’ll be left to foot the bill. This can be very expensive if you don’t have insurance to help cover the costs.
Additionally, you cannot prepare for malfunctions that you do not expect to ever occur. What happens if your brakes suddenly give out on a rainy day or your engine overheats on a lonely stretch of road? You may take every precaution imaginable, but some situations are as unavoidable as they are unexpected. That’s why they’re called accidents.
If you’re looking to save money, focus on making cuts in leisure activities instead of making cuts to your insurance. Though it may seem like a large payment now, this is one investment you cannot go without. Paying a little bit now is a lot better than paying a lot in the future.
