This is the Ramsey Call of the Day, part of the Ramsey Network.

Joining me today is Ramsey personality, Rachel Cruz.

Today's question comes from Lindsay and Albuquerque.

We have $10,000 beyond our six months emergency savings,

and we want to use that to help pay it on our mortgage because we have no other debt.

But with inflation, we partly feel the need to keep it in case inflation gets worse.

Should we save it or put it towards the mortgage? Thanks so much. You

have inspired us to live like no one else. It's a great question. I mean, inflation just came out

to what, 9.1% in June, it went up higher than they were even expecting and predicting. So it is

something, obviously, that's affecting all of of us we were laughing about the gas earlier but

groceries i mean all of it the everyday necessities it's just gone up and everyone's feeling it

and so i don't think it's enough to not continue on the baby steps because lindsay if you guys

have an emergency fund in place it may just mean adjusting your monthly budget, which is not always fun and exciting,

but where you are today, I would do that and continue to pay off the mortgage. Because it's

becoming debt-free and not having a mortgage payment, it's going to free it more monthly

to put towards that inflation and towards your budget, you know, to all your monthly expenses. So I

would continue to put that $10,000 towards your mortgage because you have an emergency

fund.

Very good.

Here's the thing.

The $10,000, anytime you have an ongoing chronic event, it's not a singular event, it's going to

keep going.

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