For instance, while a lot of people think, "I'm healthy, I'm fit; I don't need to spend extra money on health insurance," Jarvis told co-anchor Chris Wragge that's a surefire way to really go broke.
"It's a huge mistake," she said, "and it can certainly make you broke if you get into an accident, or if you have an unexpected illness. So, what we recommend is catastrophic or high deductible coverage. This is coverage for healthy people. You're not necessarily going to get paid for every time you go to the doctor. But in the event of an emergency, you will be covered."
Jarvis gave other valuable suggestions involving life insurance, filing tax returns and automobile maintenance -- areas in which being penny-wise could wind up being pound-foolish:
Answer by lovingmy4babies at 6:19 PM on Mar. 3, 2011
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