Obviously keeping enough cash on hand for the highest possible vet bill isn't practical for most of us. But they way I see it, this year I accumulated $1000 cash without noticing ($20 a week automatically from my account), and it would at least soften the blow somewhat in the event of an emergency.
I'm not sure what I'll do when/if I get more than say 5k in there, because as much as I love my dogs, I'd have to draw the line somewhere. I'll probably just keep saving the same amount because it is nice to have some cash stowed away, or I'll move anything over a certain threshold out into a better type of investment.
Bottom line is, it is never nice to have to fork over a bunch of money for a vet bill, but it will be a lot easier if even a portion of it has already been earmarked for it. And if I never have to use it, it is money in my pocket. Or my RRSP at least.
