Also, regarding your studies -- medical expenses are sudden, large and usually unplanned for. Taxes get deducted from paychecks throughout the year in most cas

Also, regarding your studies -- medical expenses are sudden, large and usually unplanned for. Taxes get deducted from paychecks throughout the year in most cases, and are very predictable if not. I'd say sudden, large shocks to cashflow are more likely to cause bankruptcy than known, predictable outflows. And that's without even getting into the whole thing where taxes are guaranteed to be less than 40% or so of your annual income, but medical expenses will always be the same amount no matter how much money you have in the bank.