conversation: User (saltylrocketscience): "Some things(student loans, car and CCs etc) are getting paid off in the next 3-4 months. I have 2 options of what to do with the monthly payments that get freed up.\nOption 1. Put all the money freed up toward other student loans to pay them down faster\nOption 2. Put all monies in savings to build emergency fund/ down payment for house.\n\nConflicted on what is the best thing to do. Student loans will continue accruing interest and minimum payments will have me paying them for another 10-15 years. At the same time, I have very little cash savings (5k) for emergencies or for use towards a house in the future. \n"
  Self: "I would lean towards building the emergency fund first to a more comfortable level. So say $10k to $15k. You never know when an emergency strikes. When that is done, I would focus on paying down the loans quicker. "
  