Author: The Financial Diet
Source
In this episode, Chelsea illustrates the dangers of cutting certain budget line items for the sake of frugality, such as health insurance, renter’s insurance, or your regular dental visits.
This video is sponsored by UnitedHealthcare. Learn about your healthcare coverage and how to make the most of it here: http://bit.ly/2YA27PF
Cost of renters insurance: https://www.policygenius.com/renters-insurance/renters-insurance-statistics/
Average claim: https://www.trustedchoice.com/renters-insurance/coverage-claims/#:~:text=Claims%20Statistics&text=The%20average%20claim%20for%20bodily,theft%20and%20burglary%20was%20%243%2C057
Homeowners insurance: https://www.valuepenguin.com/home-insurance-statistics#:~:text=Approximately%2085%25%20of%20homeowners%20have,which%20coverages%20are%20purchased%20individually
CDC statistic: https://www.cdc.gov/mmwr/volumes/69/wr/mm6932a1.htm
Cost of ignoring car maintenance: https://www.forbes.com/sites/laurenfix/2018/04/04/car-maintenance-should-not-be-ignored/?sh=3b69c2e24194
Ignoring Your Car Maintenance Reminders Could Cost More Than You Think
Oil change prices: https://www.nerdwallet.com/article/loans/auto-loans/oil-change-prices
Fast fashion statistics: https://goodonyou.eco/fast-fashion-facts/
Freelancer estimated taxes: https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes
https://www.thebalance.com/how-much-do-i-budget-for-taxes-as-a-freelancer-453676
Retirement investment calculator: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
Average American cc debt: https://www.valuepenguin.com/average-credit-card-debt#:~:text=The%20mean%20credit%20card%20debt,by%20the%20U.S.%20Federal%20Reserve.
Repayment calculator: https://www.creditkarma.com/calculators/debtrepayment
Dermatology coverage: https://smartfinancial.com/does-health-insurance-cover-dermatologist
Dermatologist expertise: https://www.everydayhealth.com/skin-and-beauty/should-you-see-a-dermatologist.aspx
Watch more of The Financial Diet hosted by Chelsea Fagan here: https://www.youtube.com/playlist?list=PLD30V46E07RR99cC0gCjKUbt-BKoDUcnc
The Financial Diet site: http://www.thefinancialdiet.com
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