quote:
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.

Yeah - you generally do the steps in order - Baby Step 1 is the $1000 emergency fund (and this has been around long enough, I would even say $1000 to $2000 - because there are some emergencies that $1000 won't make a dent in.)

THEN - you do the debt snowball (Baby Step 2).

Baby Step 1 is generally supposed to be life, limb and protect your source of income emergencies, but a failed roof or AC compressor would certainly qualify.

Congrats to the OP for being proactive, though.

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Posted by hungryone

river parishes

Member since Sep 2010

11987 posts

Posted on 2/13/15 at 5:58 am to Ace Midnight

Hurricane Gustave smashed in the top of my 15 year old compressor.....fan motor and grille. First AC repair guy on site says it's too old, I can't fix it, you have to replace for five grand. I say no thanks, call the next guy. He looks at it and says, here are the motor specs, go to X place and buy a new one...call me when you get it and I'll put it in for $200. Motor cost $150. I banged the grille flat w a maul and hit it w some PlastiKote spray. And I'm a mere female. Unit is still running today, house has a new owner and compressor was not an issue in presage inspection.

Go find an AC contractor without a fancy truck, big office, or tv commercials. That compressor will prob work fine for another 8-10 years, provided that you are maintaining it properly.
Fixing things is almost always the better option. Mechanical systems aren't designed to be disposable, unlike so many other things in today's society.

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