You wouldn’t really consider pets as needing financial planning normally,  however if you have multiple pets, you may need to consider their health needs in your financial planning.

Animals can get sick or hurt just like anyone else and when they do, it’s going to cost money to get them treatment.

So what do you do to plan for your animals’ health? You could get health insurance for each of them. This will require a monthly payment to keep the insurance up to date. You also have another choice.

You can provide your own health insurance for your pets.

Start a new savings account and name it Pet Health Fund. Put a certain amount of money into the fund with each paycheck. As the amount in the account builds up, you can start reducing how much money you put into it.

The bank is also going to help you by paying you interest on the money you have set aside.

As long as you don’t touch it the fund will continue to grow and should one of your pets have some sort of health issue that costs more than you can come up with from your current paycheck, you will have your fund to turn to in order to take care of their health situation.

As long as there is no situation, you keep making money on your interest. There isn’t any other pet insurance that is going to give you money on the money you gave them.