One of those necessary evils – renter’s insurance. At this time, I am able to afford the budget amount, but strongly considering not renewing insurance next year. The reason for this is I have yet to ever use the insurance. Yes, I know – insurance is for the hopes you never need to use it, but at $30/month budgeted, it is a bit pricey when you only get $860 in cash. This will be decided next year before my payment is due, but as mentioned, I am budgeting $30/month, and pay annually.