Why is it that when I start to get back on track and save money, something awful happens? D and I went on our trip out of town. We had a good trip, we were frugal, and I was motivated to keep working on continuing to save. However, the trip did not end well.
We had rented a car for the trip. On our way back, on a sharp curve on a narrow highway, a largish rock had rolled over onto the road and we scraped the side of the car with it. It could not have been avoided unless I had swerved the car into the opposing lane of traffic or had been going at a much, much lower speed. I took the car to an auto body shop for an estimate - the scratches are only cosmetic, but are on both doors on the passenger side, and the estimate came to about $2000. My insurance has a deductible of $1000, so I will have to pay the full $1000! The one accident I get into in over 7 years has to happen with a rental car! I would not have minded so much if it was my own car - I can deal with scrapes on it.
I understand why I need an emergency fund. It would have been helpful to have one. And I am trying to have one. But, it is very frustrating that when I start to try to scrimp and save in order to avoid debt, something like this happens and I end up deeper in debt. We had paid for this rental using our debit card (stupidly), and so there isn't even the extra coverage that a credit car might offer to a rental car. D and I will both pitch in to pay this amount, but I will be paying the major share.
I can't explain how sad I am about the whole thing. I almost want to give up. I won't, but I want to!
Hit a Snag!
July 24th, 2013 at 10:12 pm
July 24th, 2013 at 10:16 pm 1374704219
July 24th, 2013 at 10:20 pm 1374704456
July 25th, 2013 at 12:03 am 1374710639
But, they call them "accidents" for a reason. I'm glad to hear no one was hurt.
July 25th, 2013 at 01:09 am 1374714579
July 25th, 2013 at 01:23 am 1374715417
July 25th, 2013 at 04:09 am 1374725380
July 25th, 2013 at 02:17 pm 1374761823
July 25th, 2013 at 05:17 pm 1374772621
I did call the bank - they said that the debit card does not cover any damage to the rental car. I will call Visa and see if I can get anything from them. It has been an expensive lesson, but at least we will know better next time. Also a small silver lining is that since I have been accident free and with my insurance for 5+ years, I have large accident forgiveness, and so my premium won't go up. Whew!
I am going to work triple hard to get an EF going! Thanks all!