Taking the Trip

Michael is going to Hawaii on business next week. His wife would like to go as well, but it would cost about $1,500. Should she go or not?

QUESTION: Michael in Denver is going to Hawaii on business next week. His wife would like to go as well, but it would cost about $1,500. They have half of their emergency fund in place, and the rest will be there in March. They’re debt-free except for their house. Should she go or not?

ANSWER: Definitely take her to Hawaii. For $1,500 for three or four days in Hawaii, I’m definitely doing that. You earn $100,000 a year and are in good shape and are finishing up your Baby Steps, so yes.