Lasted 2 Months
My (32M) wife (27F) spent the last 8 years aggressively paying off our mortgage ($280K) and our vehicle loans (totaling $60K) and we finally became debt free on March 17 this year. Started building our emergency fund (crazy we never had one or had to have one during this time) and saving for our adoption fund (somewhere between $40-50K - private adoption). Wednesday our AC (central air) started messing up. Had someone come check it out and fix it, messed up again yesterday, he came back again. $1400 later, messed up again today so had a bigger company come in and they showed me pictures and the duct work is really bad, both inside and outside units severely leak refrigerant. Overall, a very bad system. So…here I am financing a $30K system at 9.99% over the next 10 years. A minimum payment of $352/mo. I could have gone with a 5.99% for 5 years, buuuutttt did I mention we have to come up with all that money for our adoption fund before the end of the year (6-7 months) because we will most likely have our future child placed with us at that point? It’s usually 12-18 months, but the agency we are working with told us they were super excited for a young couple to adopt so it’ll probably happen at the end of the year. I just feel so defeated right now. Probably going to have to take out another loan for the remaining adoption fees. Just opened a Roth IRA on Thursday too 🤣