I keep going back and forth on this. Like, yeah, saving money each month sounds great, but I know if something happened, I’d probably be scrambling to come up with the deductible. I’m still in school and my savings isn’t exactly impressive... Maybe if I had a bigger emergency fund, I’d risk it, but for now, the lower deductible just feels safer. Guess it depends how much you trust yourself not to dip into that “just in case” money.
“Guess it depends how much you trust yourself not to dip into that ‘just in case’ money.”
That’s the kicker, isn’t it? I’ve seen folks swear up and down they’ll never touch their emergency fund, but then life throws a curveball—car repairs, textbooks, whatever—and suddenly that “just in case” money is gone. Personally, I’d rather pay a bit more each month than risk scrambling if something big happens. Peace of mind’s worth something too, especially when you’re still building up savings.