On Sunday evening I was traveling home with my wife after attending our granddaughter’s second birthday party. We were about five miles from home when it happened. Driving across an intersection, we were involved in a head-on collision with another driver. Here is what the result was.
We were extremely fortunate that we did not sustain any broken bones however, there is still a lot of pain and bruising going on. We were taken to the emergency room and treated. My wife ended up with a burnt hand from the airbag and some pain in her chest, shoulders, and back. I have pain in my chest, my left foot, right knee, left index finger, right thumb, arms, back and a small cut on my forehead.
We could not figure out how I had so much wrong with me until my wife saw the car (shown above), then we understood.
The other person went to jail after trying to “escape” from the hospital.
We are truly thankful that we basically walked away from this and pray for quick healing and for the other driver, that she may get the help she needs to keep something like this from happening again. Prayer is a big part of our lives. God is good all the time. We praise Him in the good times and the bad times. We do not believe that God “planned” for this to happen. We believe that people make choices and sometimes those choices affect a lot of other people.
It’s just a car – right? That is very true. It is something that can be replaced. Unfortunately, we had planned on keeping that car for another 4-5 years. It was paid for. We will need to get another car now instead. Insurance will only give us a certain amount for the car. From that, we will need to purchase another vehicle. Rather than using a majority of our savings to buy the new vehicle, we are choosing to take out a loan for part of the purchase price.
Why a loan? Because we can get the loan for 1.49% interest over 4-5 years. Of course, we will pay if off sooner than that. The other reason is so that we do not exhaust our savings in the process. I am estimating that we should be able to pay off the car in about two years instead of four. We will see how it goes.
I’ve talked about an emergency fund in a post titled Emergency! What Do I Do Now? The emergency fund is always a great idea but it usually is not set up to handle costs like this. We also have six months wages in savings but like I said, we do not want to completely destroy our savings account.
Unfortunately, there is the concern that the other person does not have insurance. We do not know that information yet but the fact that she tried to “escape” from the hospital tells me that either she has been down this road before or she thought somehow, no one would find out who she was. Thankfully, we have full coverage on the vehicle and we also have medical coverage through the insurance. This will take away a lot of the sting even if the other person did not do what they were supposed to do.
The Most Important Thing
The most important thing is that we will recover. We will make more money, we will continue to work at what we each do, we will purchase another vehicle and our life will return to “normal” whatever that is. Although bad things happen in this life, we can praise God in the good times and the bad. Also, by having a handle on our finances, although this is inconvenient, we can handle the misfortunes.
If anyone is saddled with debt, then events like this become devastating. Major medical things cause tragedy to our finances as well as our personal well-being. Being prepared for “when” things happen is so important so that it does not completely disrupt your life. Things will happen. It truly is a matter of “when,” not “if” they will happen so be prepared.
Stay on top of your finances and accidents become just another bump in the road.
Thank you Lord, that no one was seriously hurt.