Posts Tagged ‘Emergency Fund’

Dentistry & Money: A Comparison

February 11, 2009

Have you ever connected dentistry and your finances?  Think about it for a minute.  Nobody likes to talk about their money problems. Nobody likes to face that dreaded dental exam.  If you think about the principles behind dentistry you can find some real connections to your finances.  Below are some common themes that connect dentistry and money.

Prevention.  We’ve all heard the phrase that an ounce of prevention is equal to a pound of cure.  Brushing those teeth regularly is equal to having an emergency fund.  The emergency fund protects you from events that can set you back financially.  Regularly funding your emergency is the equivalent of flossing to ward off those unexpected cavities that can develop over time. 

Protection.  Protecting your teeth is an investment.  You need those teeth to carry you through a lifetime of eating.  Making sure you have adequate insurance protects you and your family from risks.  Having adequate insurance on your health, cars, life, and home is a must in order to protect yourself from large liabilities. 

Periodic Exams.  Your teeth need a regular check up.  Regular check ups help you know the condition of your teeth and any problem areas that may arise.  A good financial plan must be reviewed regularly.  Some financial choices need monthly reviews.  Balancing your checkbook and writing out your monthly budget are 2 examples.  Reviewing your savings and investment accounts may need review every 6 months. 

In summary, your finances and your teeth need regular attention.  Neglect in either of these areas can result in decay and have consequences for you. I challenge you to be the model patient and implement the practices of prevention, protection, and periodic exams.  When was the last time you had a financial check up?