31% of Americans Have Made This Smart Financial Move

Healthcare expenses can be brutal, and they can pop up when we least expect them to. That's why setting funds aside for them is crucial -- to avoid financial issues or debt when they inevitably arise, and to ensure that we're not tempted to neglect our health because of financial concerns.

An estimated 31% of Americans have a health-related emergency fund, as per a new report by RxSaver by RetailMeNot. That way, they have money to cover the bills they incur when they get hurt or sick. At the same time, 47% of Americans have, in the past, chosen not to pay for prescriptions so they could afford other expenses.

If you're without a dedicated healthcare savings account, you're putting yourself in a position where you may feel compelled to compromise your wellbeing in an effort to manage your expenses. And that's a good way to cause yourself unnecessary harm.

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Source Fool.com