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

quote:

---

If you're doing Dave's plan, then you should have $1000 emergency fund which may not be enough to replace but should be enough to fix it.

---

No emergency fund. We just got a wild hair, shite the bed and started paying when my car was paid off. We used the note to start the snowball.

Cost to replace compressor is over a grand. And the unit is 18 years old. We have a home warranty. But they wanted $580 for repairs due to upgrade s needed and disposal of freon. All of which are not covered. They will cash us out at $1100. Then we have an $1800 repair minimum left over. So still $700 in the hole for a patch job. A year later we may be looking at something else broken.

We are looking at borrowing against wife 401k. That is if available financing is poor.