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Sensible Decision

March 17th, 2020 at 06:17 am

I think I will be holding on to the extra cash for now that was going to go to extra debt payment. Hopefully I won't need it for anything, but considering the crisis, I'd rather have it in the emergency fund since it is pretty low. If this passes in the next couple of weeks then it will go to debt. I will still make at least $1000 a month payment, though.

I mean, it seems like DH will just be able to work from home and we won't have any income disruption, but I just want to have that little extra bit of security right now. I'd like to keep our little section of this world from burning down around us as long as possible. We don't have to worry about it for now, though as he is on vacation pay this week even though we cancelled our trip.

Posted in Emergency Living and Preperations, When Life Happens | 2 Comments »

2 Responses to “Sensible Decision”

  1. Debt-free by Thir-ty Says:
    March 17th, 2020 at 10:41 am 1584441717
    1584441717

    We're due to close on our refinance very soon, and are expecting about $15k. I was going to put almost all of that to debt, but considering the circumstances, I'm going to put it all aside to the Emergency Fund just in case. I think we'll be fine too, but my husband's having some trouble getting permission to work from home, so I don't know if he'll be allowed to in the case of a full lockdown.

  2. FrugalTexan75 Says:
    March 17th, 2020 at 10:49 pm 1584485381
    1584485381

    My Ireland trip was canceled, so that's $3200 back into my budget. I intend to set most of it aside for a trip next year, but if need be, it's a little extra cushion.

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