Should We Use Emergency Funds To Pay Off Debt?

Should Emergency Funds Pay Debt - Politics, Business, Civil, History - Posted: 7th May, 2009 - 5:56pm

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Post Date: 1st Dec, 2006 - 11:49am / Post ID: #

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Should We Use Emergency Funds To Pay Off Debt?

SHOULD WE USE EMERGENCY FUNDS TO PAY OFF DEBT?

Question: My wife and I have saved an emergency fund of $30,000, or about six months' worth of living expenses. We also have about $150,000 in student loans from law school, $50,000 of which are private loans with a 7.87% interest rate.
Ref. https://money.cnn.com/2006/11/30/pf/expert/...eymag/index.htm

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Post Date: 7th May, 2009 - 5:56pm / Post ID: #

Should We Use Emergency Funds To Pay Off Debt?
A Friend

Debt Pay Funds Emergency We Should

I would save your emergency fund for a possible loss of income. I would not add more to it but add more to your daily bills to pay them down more if your able to do so.


 
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