Thursday, October 20, 2005

How to pay for the car repair

While DH and I don't always see eye to eye on money or our personal finance goals, we do compromise. We had blowout this week on how to pay for our car repairs- $1100. He wanted to whip out the credit card (we keep just in case) and use that because he didn't want dig into the emergency fund. It would bring our efund to levels lower than it needed to be. So we compromised.

1. We used our emergency fund cash
2. We made a plan to add back to the efund at $200 per month for 6 months
3. We were making extra payments on our current car loan so this stops it for awhile.


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