Jessica (Caller)

Thank you so much for taking my call.

I am the biggest fan and listen to you every single day.

And my three teenage boys listen to you in the car.

And so they're really learning some great stuff, too.

But just to keep it brief, my question is, my husband and I are on baby sticks.

We are down to the last $25,000 that we owe on the mortgage, and we have been hitting it hard like the last four months because they'll intense and cut out all spending only buying groceries, gas, just the necessities.

And so.

My question is, originally we were going to pay it off June of 2023.

We've moved it up to March of 2023, and now that the end is getting to the point where it's in sight.

My son the other night asked if we could take him to Nashville at the end of December for the Titans-Cowboys game.

And I said, the only way I'm going to Nashville is if I can go see Dave and do that free screen on the stage.

So I want to know, would it be okay for us to take the remaining money out of our emergency fund to pay off the mortgage, or should we just be patient and pay it off March 1st like we were planning?

No.

Absolutely.

Okay.

So right now we have $37,000 in the emergency fund and then like just $6,000 in like a sinking fund for cars.

So that $37,000, if we did pay off the mortgage, our monthly expenses would be right at $3,000.

So if we took that down to like $17,000 or $20,000, we would still have that six months.

and that emergency fund to cover an expense.

Right.