We are working on our snowball. It's a slower process than I would like it to be. Every month we get closer to our goal of paying off our debt (with the exception of the house, we will really get moving on that later down the road)... and we celebrate that. It's just that I am so.very.impatient!
We just finished our December budget and there's not a lot going towards debt... at least not as much as we would like.
Hotsauce noticed that when we drive our Suburban around a corner that something funny happens with the tires. Yesterday after church he took it over to a friend's house to have him check it out. It wasn't good news. I can't explain what's wrong, other than the part is $70 and the labor is $50 an hour. Ugh. I'm guessing that it's going to take longer than an hour to fix it!
It seems like a no brainer. We get it fixed and use the Emergency Fund to pay for it.
But, if we use the E.F. then we stop paying on our debt snowball (we still make the minimum payments, but don't pay any extra) until we get back to $1,000 in the Emergency Fund. I don't like the idea of going backwards.
One thing we knew for sure is that we wouldn't make a decision to scramble until we've prayed over it and feel like we know what God is telling us to do. I am also praying that Turkey Bottom Haven will blow up with custom sign orders or that items would just start flying out the door! With God all things are possible.
And if we do use the Emergency Fund we will rejoice, because we have the money to do it! Months ago we wouldn't have anything to fall back on and we would be in crisis mode! Sometimes I just have to remind myself to be grateful in all things.
So what would you do? Use the Emergency Fund? Sell a bunch of stuff? Walk everywhere? Finance a new vehicle? Put it on the credit card? You said, "Heck-to-the-NO!" to the last two right???
We just finished our December budget and there's not a lot going towards debt... at least not as much as we would like.
Hotsauce noticed that when we drive our Suburban around a corner that something funny happens with the tires. Yesterday after church he took it over to a friend's house to have him check it out. It wasn't good news. I can't explain what's wrong, other than the part is $70 and the labor is $50 an hour. Ugh. I'm guessing that it's going to take longer than an hour to fix it!
It seems like a no brainer. We get it fixed and use the Emergency Fund to pay for it.
But, if we use the E.F. then we stop paying on our debt snowball (we still make the minimum payments, but don't pay any extra) until we get back to $1,000 in the Emergency Fund. I don't like the idea of going backwards.
One thing we knew for sure is that we wouldn't make a decision to scramble until we've prayed over it and feel like we know what God is telling us to do. I am also praying that Turkey Bottom Haven will blow up with custom sign orders or that items would just start flying out the door! With God all things are possible.
And if we do use the Emergency Fund we will rejoice, because we have the money to do it! Months ago we wouldn't have anything to fall back on and we would be in crisis mode! Sometimes I just have to remind myself to be grateful in all things.
So what would you do? Use the Emergency Fund? Sell a bunch of stuff? Walk everywhere? Finance a new vehicle? Put it on the credit card? You said, "Heck-to-the-NO!" to the last two right???
Oh to be in your spot again. I know how you feel! Wait until you get the money if it's nothing major. Do not dip into that emergency fund! You could use the 150.00 your probably going to get for the dresser!
ReplyDeleteMy (new) understanding is that if we don't get it fixed the tires will likely fall off as we're driving. Hotsauce's parents are letting us borrow their van for awhile ... at least while we're getting it fixed! Selling that dresser would sure help! ;)
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