Babies Come Before Debt Snowballs

Leigh has a three-year-old daughter with a severe speech disorder, and she has been in speech therapy since she was 18 months old. They want to see a specialist that will cost $9,300. Should they stop the debt snowball to do it?

QUESTION: Leigh in Colorado Springs has a three-year-old daughter with a severe speech disorder, and she has been in speech therapy since she was 18 months old. She hasn’t made much progress. They want to see a specialist that will cost $9,300. Should they stop the debt snowball to do it? Dave says yes.

ANSWER: If you have the money in time by temporarily stopping your debt snowball, then you need to do it. Babies come before Total Money Makeovers. You can pay cash for it by simply pushing pause on your Total Money Makeover. Then, when you come home from the hospital, you push play. You take care of your baby first and then you get out of debt. So what if it’s three or four more months? Debt will be waiting on you when you get home. Never fear.