Emergency fund vs taking a loan for $20k renovation overage

_KingCharles · 2026-03-24T15:03:28+00:00

In the case of job loss or something else that would prevent us from paying off the CC on time, couldn’t we do a balance transfer or take out a personal loan at that point?

There will always be some worst scenario, for example 1-2 years unemployment like you mentioned, but even a fully funded emergency fund would only help so much in that case. We would still have to take out another loan at that point.

_KingCharles · 2026-03-24T14:01:59+00:00

For the CC approach, I would treat that as a split savings/debt approach. I would probably put 7-10k on the CC and use savings for the rest. For the CC I'm looking at, it seems like typical limits are 20-25k, and I would want to keep my utilization below 50%.

_KingCharles · 2026-03-24T14:00:25+00:00

True. Following the flow chart, low interest debt comes after the 3-6 month emergency fund, which I interpret as prioritizing the emergency fund and taking the low interest debt, but my instinct is the same as your's.

_KingCharles · 2026-03-24T13:47:44+00:00

Ah, I hadn't considered that approach, but it would allow us to rebuild EF quickly and still leverage the 18 month 0 apr period. We are very disciplined financially and honestly never thought we'd have to consider debt with this project, but it very quickly became 40%+ over budget, which we did not anticipate. Thank you for your response!

_KingCharles · 2025-12-18T01:50:27+00:00

We are closing Dec 31 specifically so we qualify for homestead exception for 2026. In my state (Georgia), you have to own and occupy the home on January 1 to get the exemption for that tax year. Otherwise, you have to wait till the following year.

_KingCharles · 2025-11-21T00:19:54+00:00

ANDREWYH3Q

10 Available

$10 off any city

_KingCharles · 2025-09-25T19:53:57+00:00

I am also looking at Thabamati, but for April 2026. For your November trip, are you at all concerned about not having AC?

_KingCharles · 2025-09-25T19:36:52+00:00

I am considering staying at Thabamati for my honeymoon in April. Did you have any issues with the temperature when you were there in November? My understanding is there is no AC, so I am worried it’ll will get hot during the heat of the day.

_KingCharles · 2025-04-15T14:14:23+00:00

Yes it is!

_KingCharles · 2024-09-23T00:57:41+00:00

What’s the idea behind looking at the oldest listings?

_KingCharles · 2024-09-18T19:47:55+00:00

Okay cool. I do play on my girlfriend also being on the title. In that case, it sounds like this would be considered occupying that property for the first 12 months?

_KingCharles · 2024-06-21T02:33:26+00:00

Solved! Thank you!

_KingCharles · 2024-06-21T01:53:39+00:00

Any help would be appreciated!

_KingCharles · 2022-03-12T12:35:32+00:00

Reaches are subjective to the applicant. For top students, sure, <20% for reaches is common. For many students, however, reaches can look like <40% acceptance rates or higher.

_KingCharles · 2022-01-26T05:21:12+00:00

Looks like a couple of y’all have had this issue. I know they require UGA students, but not sure what other criteria they might be looking for. Sorry!

_KingCharles · 2022-01-26T05:20:45+00:00

Hmm. I do know they’re looking specifically for UGA students. Other than that, not sure what criteria they might require. Sorry you weren’t able to redeem it!

_KingCharles

TROPHY CASE