When working with clients I spend a lot of time going over budgets to get a clear picture of their finances. I’ve been impressed recently by the number of first-time buyers who are really focused on what they’re spending. This is great!

I’ve also noticed a lot of people – not just first-time buyers – who are devoting a significant chunk of their monthly income to things like pet insurance.

I understand why they spend this money. Pets are a huge part of our lives, and their health costs can be expensive. But I have to question the priorities here.

If you are paying for pet or contents insurance, but haven’t taken out income protection or trauma cover, you’ve got things the wrong way round. An income protection, health or trauma policy is vital because it gives you the ability to stay afloat if you can’t work.

Look at it this way. If you’re not able to earn an income, you won’t be able to feed your pet or keep a roof over its head, let alone pay for its cancer drugs. First things first!

I love my dog – many of you know that Bella is an ever-present part of my life. But people have to be Number One! Before you sign up to that pet insurance policy offered by your friendly local vet, make sure you protect yourself.

Do you have income protection or trauma cover? If not, make an appointment