Baby Comes First

Noel and her husband just finished Baby Step 1. Their daughter may have kidney surgery in her future. Should they beef up their baby emergency fund or continue with their debt snowball?

QUESTION: Noel from My Total Money Makeover and her husband just finished Baby Step 1. Their daughter may have kidney surgery in her future. Should they beef up their baby emergency fund or continue with their debt snowball?

ANSWER: You stop your Total Money Makeover. You push pause, and you pile up as much cash as you can pile up until you get your baby past this. Once you get your child healed and you’re there, then you make that move and go back to the Total Money Makeover process—back to your Baby Steps. While you’re facing this, you are right square in the middle of an emergency, and you need to pile up cash for an emergency.