Need some thoughts from you fellow DR fans...
I'm only about $1200 from being debt free (credit card). My car was paid off in the fall. The cc is my only debt. However, I need some expensive dental work (about $5K) - for two implants (and the accompanying work - two teeth being pulled, an appliance to fill in the gap for six months while it heals, etc). I've gotten another opinion, and due to my individual dental situation, the implants are the best thing. Crowns held on via gold pins would probably only last a year.
I was originally told I needed the implants about 10 months ago, and in that time I was aggressively paying down debt and paying cash for other necessary things. My company had some unpaid furlough time last summer (I was lucky I wasn't among those who were laid off!), so that really threw a wrench into things and overtime - not necessary to my budget but nice to have - was really cut back.
My teeth that would be replaced by the implants have deteriorated to the point that I can't wait much longer to do the implants - maybe a couple of months. No pain, but one tooth (that can't be seen) has broken off and the more visible canine tooth doesn't have much support behind it (the filling broke off leaving a thin layer of tooth). I'm very careful with what/how I eat.
Here's the money issue: I have $1K in my emergency fund (had more last summer during the furloughs/layoffs, but I used that toward debt after the layoffs/furloughs were ended). I think I'm going to have to put the dental work on my cc - or at least the great majority of it - and then pay it off aggressively.
I'm single, so there is no DH with an income to help with this. I have no one (family, etc.) that I could borrow the money from. No one has this sort of cash laying around, and I wouldn't like borrowing from them anyway! I think I can get through April-May before having to have this done, and save up more cash.
Think it's best to save up as much cash as possible for dental work and then put the remainder on my cc (which has a credit limit of $5K)? That's what I'm planning to do at this point...