.

.

Live from the headquarters of ranger solutions broadcasting from the pods moving in storage studio. This is the ranger show where we help you win with your money

. Your work and your relationships phone number is triple eight eight to five five two to five triple eight eight to five two to five. I'm Ken Coleman George camel joins me.

This hour we are here for you taking your money questions and your long term short term work and professional questions because that affects your income. They all go together. I'll be here to help you with those questions.

And George's got you covered on the money stuff and here we go. Let's get going. Chris is joining us now in Denver, Colorado. Chris, how can we help?

Hi, thank you for taking my call. I am calling to ask about paying off our house. We are on baby step four five and six and my husband just lost his job about three weeks ago.

Oh, no, what happened? That is a really good question. He was a paramedic for 28 years and this came out of the blue. So we're still trying to figure out what's

what's yeah, we're still trying to figure it all out any severance at all a small amount. Yes, which would give us what that's going to cover is that any portion of his income.

They said it's three months. He did a lot of overtime. So it doesn't it they say three months, but it's not really what he would make in three months because he worked a lot of overtime.

Okay. Okay. And are you working outside the home? Yes, I am a teacher. Okay. And so what is the current household income?

I make about 50,000. All right. Is that enough to get you guys by?

Well, that's my question. We will not be able to pay all of it just on my income with our house payment on the bills. I've already paused all of our retirement with draws and all that.

So we have we have that small settlement and then we also have our emergency fund, but we are in the middle of a remodel project on our house.

Our son is going to college in about two weeks and our daughter is getting married in October.

Oh my. This is the perfect storm isn't it, Chris? It is. It really is. Yeah. So I'm just trying to figure out what's gonna be the best for us to do.

The remodel is about 75% done, but we are planning on cash flowing the rest of it as well as what we have left on the wedding.

My son has done awesome and he's got scholarships and he is prepared to hopefully pay what he will need at least for this year.

So my question is, do we use the emergency fund that we have and what we're getting from the company and do we pay off the house?

Because we could it would be really tight, but I think we can pay off the house and then my income would be able to meet our bills.

What's left on the mortgage? I'm sorry. What's left on the mortgage? About 56,000.

Okay. And how much money do you think you guys would have a pile of cash once it's done?

...