re: Rains it pours. Ramsey debt snowball and a dead air conditioner. Updated page 3

quote:

---

Getting into the Ramsey debt snowball. Already knocked out three small cards. Then life happened and we got sidetracked. Back on track and now our AC has a grounded compressor. It's an 18 year old 5 ton Trane unit. So we'd prefer to replace it.

What would the money board do? Another credit card? HELOC loan? Is there assistance from the gubment? Personal loan through bank?

What all is involved with going through our home mortgage lender (bank of America) to secure the funds? Is it rolled into our note? Pros/Cons? We are looking at $5-8 grand.

Getting pissed. 2 steps forward 3 steps back. Just want the best option where we can stay on track to keep paying down our debt.

---

1-Props to you and the family on doing Daves plan and geting the snowball going. I did it and it can be done.

2-Before the snowball you should of had an emergency fund. After you fix the AC get an emergency fund in place $1000 and then start the snowball working again.

3-Fix the AC do not replace it.

4-Never borrow against the 401K.

5-Pick up another job if possible. Dont know your family situation but if possible get another weekend job. Maybe wife too.

6-Keep doing what your doing it sounds like you have a good plan going. Dont let the AC problem bring you down. Keep up the good work.