<prompt> Human: Hi,I am an absolute beginner when it comes to personal finance. My husband and I live paycheck to paycheck and have virtually no savings and a large amount of debt which we are bucking down and paying off as quickly as we can. In an effort to cut costs, I am considering cancelling my pet insurance but Im not entirely sure if its the right thing to do. I like having the peace of mind that if something is ever to happen, it will be covered. Ive had the cat for almost 4 years and so far nothing has gone wrong but I do know shes around 10 and not the skinniest cat in the world so there is a very real possibility that something WILL go wrong. Like I said, we do not have savings at this point in our lives and so I would not be able to afford the cost of taking her to the vet for treatment or euthanasia if necessary. Pet insurance costs me 40 a month right now. I would like to know Reddits opinion on pet insurance - should I keep it or ditch it?Edit: Thanks for everyones opinions. There seems to be mixed feelings about this question! I have decided to downgrade her coverage as it may have been a little over the top and am now paying 25 a month. Every little bit counts! As for my comment about her weight - shes not obese. I am feeding her exactly what and how much the vet has told me to - shes just naturally a bit chubby. Thanks again!  <response>: From my understanding pet insurance is a bit of a ripoff. You have to show that you did everything perfect and they still have lots of outs to not pay. At 500yr you could just save it. 