If your private student loans are in default, you're not out of options. Go to whyrefi.com slash Ramsey. So my husband and I are in baby step three, and I want to spend $400 on a new kitchen appliance. And my husband and I talked about it. He's listening right now. Hi, my love. Hi, Teresa's husband. If it was a good idea or not. Okay, how much do you guys have saved? We have $1,800 right now in our savings account. And we have the cash in our checking account to cover it just fine. Okay. And what's the goal for the three months? Emergency funds. Like $1,800 to what? We were just saying that we needed to write down a number for that. We only just finished Baby Step 2. Probably around $20,000. And what's your household income? About $50,000. $50,000. Okay. Yes. All right. Hopefully that will be increasing soon, but. Like why and how much? Changing jobs and changing career situations. Okay. Yeah. So how much do you think it'll change? I don't know. We would have to start before we could predict that. Okay. All right. What's the appliance? I'm just curious. It's a flour mill. Oh. So it like melds wheat into flour. Yeah. I got one I'll show you used. Oh. I got a five-gallon bucket of that stuff in the closet from two years ago when Sharon had this fad. I promise I'll use it. Yeah, that's what she said. I promise I'll use it. I believe you will. I will. I promise. It's all healthy, too. It's all healthy. It is. They don't let any of the little glutens in it. There's no little glutens and no little COVIDs. So yeah, it's all COVID and gluten free. Oh my gosh. Teresa, you should have called Sharon. You should have called Sharon. Put her on, put her on. I know, I know. I going to represent her I serious I going to go home and get the thing before she gets home and send it to you You should That would actually be a great That would be so funny And Sharon wouldn miss it because she wouldn know it gone That would be funny when you get off. Eight months from now, she'd be going, hey, where's my little bread thing? Give your address to Kelly. Gave it to a lady in Washington, D.C. that was more deserving. I'll sneak it for you, Teresa. So here's the thing. Here's the thing. The thing that we always have to manage when we're managing these decisions is not the actual little issue of $400, but what it represents in our behavior, in our standards, and in who we are. Okay? And so, you know, what Sharon and I would have said when we were at your place is we would have said, if this isn't an emergency, we can't do it because we don't yet have an emergency fund. And it's very odd that I actually own one of those things. How long did it take you all to get out of debt, Teresa? How long were you all doing Baby Step 2? Four years. I know. See? Almost to the day. It's so much sacrifice. I know. But the point is that you have to have your filter system that says, Yes, you do. I'm going to make my decisions based on this set of, on this framework. Yes. And on this value system. And so, you know, you've been using the baby steps as your framework for making the decisions. And it would say that this is not an emergency. Don't do it. Although, mathematically, it's not that big a deal. You guys could, and you're going to be fine. You could do a lot of stuff that people could do. Yeah, but you don't want it to derail you is what you're saying. The thing is, I don't want to, I just don't, you've reset the way your brains work on money in a positive way. And this messes it up. I mean, this is falling off the wagon. Wow. You think it's falling off the wagon? Yeah, for sure. They're not going into debt for it, though. No, but I mean, they're not going to make the decision through that framework. I wouldn't do it. I would not buy it. because it's not an emergency. It's not an emergency, but it's... And you don't have your emergency fund, and so you should not be buying luxury items that aren't an emergency. It's not $4,000. It It not either It doesn matter But I saying for four years of their lives they been sacrificing to get out of debt Okay And then we always say when you get out of debt So we have a tie. Rachel says buy it. What are you going to do? I say don't. I've got one in the closet. And I think it's fine. Oh, no. Hold on. We have some audience. Who's a yes? The audience is saying don't buy it. Oh, no. Oh, I got one. Oh, I got one thumbs up. We got a bunch of thumbs down. We got a lot of thumbs up. Oh, shoot. Audience participation. Rachel, you're losing. Shoot. You're losing. You're so kind and gentle It's not that I'm kind and gentle It's that I Like the hard work And the exhaustion Of what they've gone through Which means I need $400 of something I need a homemade bread machine Listen I'm telling you That's what all this hard work was for Listen I don't do it But people that do it They don't They put it in their closet They love it You can sell I know I know someone personally Shoot I wish this was something that Whole grain pancakes and muffins galore for about 90 days. Hadn't seen them since. Oh, man. We lost the enthusiasm on the latest health fad. Man. Yeah. Teresa, it's fun. That's fun. We're not making fun of you. We're making fun of me. It's not a need. It's a want. So if your emergency fund was completed and you can put it in the budget, yes. Your emergency fund isn't completed. I wouldn't do it. I also wouldn't upgrade your couch for $400. I wouldn't upgrade your anything else for $400. It's not an emergency until you get this done. We stay gazelle intense until we finish baby step three. And that's what will get you to where you want to be. You've lived like no one else so that later you can live like no one else and buy a bread maker. Buy a mill. It's a mill. It's a mill. You mill your own grain. Yeah. I don't even want to ask questions. I don't want to. I'm so not in. You're going to have to get your mom to get it out and show you. I know. I will on Easter. She might give it to you. You never know. I'd give it to Teresa. You might need it. Well, you could get Teresa's address and just ship it on over there. Get it just in case. I'm just saying. You know, that's funny. And the grain, it's like a five-gallon bucket of paint. It's a five-gallon bucket, plastic bucket full of grain in the closet. And the grain, it's not like. It's like grain. It's like grain. Like you went out in the field and picked the grain Like the stem No it the seed It the seed of the grain it green yeah it real i mean it but and it apparently pretty dormant because it been sitting there a while oh man it so hard you can make this up it hard this is first world problems on steroids right here thing when it is when people are very passionate about it and For a minute they are. They're there. And then they're not. This is what they do, you know? I don't know. We definitely got the fever for it. Because I bet she does sourdough. I bet she makes sourdough with it, right? Can you do that or is that different? No, no. No, that's a feeder. Sourdough's a feeder. Yeah, shoot. Okay, I'm going to stop. I'm terrible at this stuff. Yeah. Oh, Teresa. It's fun. It's not going to kill you if you do it. But I will say. But if you're calling us to break the tie between you and your husband, Rachel's on your husband's side and no one else is. I mean, Rachel's on your side and everybody else is on your husband's side. But we do say sometimes to families that have kind of been done in a debt-free scream, like, well, what are you going to do now that you're debt-free? You know what I mean? Like, we do ask that. Buy a bread mill. Well, I'm just saying the idea of getting past baby step two is an event. It is a thing. And so if there's something that is reasonable that you can pay cash for, that you're like, okay, yes, we're saving at the emergency on time, but in the checking account we have this, and I could do a little splurge to, like, celebrate that we're debt-free. I don't know. Yeah. You have a tie on the air and off the air you lose. The audience is not with you. I'm trying. Trying, Teresa. Oh, Teresa, that's fun. I would have guessed wrong. I thought she was going to buy the $400 expensive blender, the Vitamix. Oh, the Vitamix. I don't know if that's $400. That's about $400. I will say we got an air fryer. Okay. That's pretty life-changing. It wasn't $400, but it was pretty great. Okay. Well, there you go. Wow. I don't have one of those. That's the kitchen supply segment. I remember when I was a kid and we moved and we had a box that said on the side of it, seldom used kitchen appliances. James, I bet y'all have a mill. Which is the sign you need to be a minimalist. James, do you have a mill? Not yet, but it's probably going to happen soon. Okay, yeah. I feel it. Y-Refi refinances defaulted private student loans for struggling borrowers. Learn more at Y-R-E-F-Y dot com slash Ramsey.
