RevolutionarySand758 t1_iu4lsyu wrote on October 28, 2022 at 2:45 PM Reply to Keep emergency fund or pay off cards? by ice_cream_sandwiches Since you haven’t said how much exactly you have in your emergency fund, I will assume you have exactly $11,000 in there. Don’t drain it out completely, especially if it will take you 2 years to save $11,000. Pay off that $8,000 one. Keep $3000 in your emergency fund. Then keep chipping away at that 5% interest loan in monthly basis. Permalink 3
RevolutionarySand758 t1_iu4lsyu wrote
Reply to Keep emergency fund or pay off cards? by ice_cream_sandwiches
Since you haven’t said how much exactly you have in your emergency fund, I will assume you have exactly $11,000 in there.
Don’t drain it out completely, especially if it will take you 2 years to save $11,000.
Pay off that $8,000 one. Keep $3000 in your emergency fund. Then keep chipping away at that 5% interest loan in monthly basis.