09-25-2008, 07:42 PM
With any dependents, emergency fund is a must.
Also, psychologically, you are more likely to try your best to pay off the loan than to replenish you savings in a timely manner.
And that is what I AM doing - keeping the emergency fund in money market and paying off the cars (home does not count, as I do not have enough saved for that).
Also, psychologically, you are more likely to try your best to pay off the loan than to replenish you savings in a timely manner.
And that is what I AM doing - keeping the emergency fund in money market and paying off the cars (home does not count, as I do not have enough saved for that).