The problem with living close to the financial edge is that it doesn't take much to push one right over the financial cliff!
OK, so it's not like I have a pending foreclosure or I've lost my job or anything truly horrible.
It's my 1999 Dodge Caravan with a mere 162,000 + miles under its belt. Or, to be more specific, it's the minivan's water pump which leaks and must be replaced. Don't ask me--all I know is that the temperature gauge whammed up to HOT, stayed there, and caused the alarm to keep buzzing. Not daring to look under the hood, I immediately took it to the mechanics.
The mechanics assure me that it is nothing that $512 can't fix.
I do have to have a vehicle. And I can't purchase anything else in adequate condition for the $512 it will take to make the repairs.
BUT--according to Kelly Blue Book, the whole dang car is only worth $1650! Can I just have a moment to rant about how much I DO NOT want to pay $512 for a car that is already worth so little?
Then there's the issue of my currently non-existant emergency fund. IF I had that $1000 that both Dave Ramsey and I believe I should have, no problem. Unfortunately, said emergency has been depleted by EMERGENCIES over the past couple of months and has exactly $137 in it!
SO, onto my Firestone Card goes the charge--I'll apply the emergency fund to the balance and hope to pay off the card in full by the payment due date.
But I will NOT be happy about it!