Out Of Sight Expenses

When our daughter was born, I went around telling everyone that my baby cost $10 because that was all I had to pay out-of-pocket.  That was ten years ago when 100% payment HMO plans were hugely popular.

Have I ever said I used to be broke?

I made ridiculous statements like this because I failed to recognize the out of sight expenses.

While it was true that I paid only $10 out of pocket for my daughter's birth, I later connected back to reality and discovered that the birth cost substantially more than that.

I failed to recognize the out of sign expense of: payroll deducted health insurance premiums

I had actually paid over $200 every two weeks for three years with little to no use of the insurance.  I had actually paid more than $15,000 to the health insurance company for my daughter's birth.

Have you looked lately at your "out of sight" expenses?  What "set it and forget it" expenses are you paying for?

Here are a few that I regularly see:

  • Taxes
  • Health insurance
  • Disability insurance
  • Accidental Death and Dismemberment (AD&D)
  • Auto insurance
  • Home insurance
  • Property taxes
  • Car payment

Did you know that companies recognize our "set it and forget it" behavior?  They know that most people are not going to pay close attention to these costs, so they use it to their advantage and push through price increases that are largely unnoticed.

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