Uhm, if I had a couple spare grand hanging around it wouldn't be as much of a problem. Right now, I can consistently keep my account north of 1K, and going higher, but it only takes take a bad month to blow that away and leave me with nothing. Right now, I'm putting about 30% of my after-tax into housing, and another 40% into repaying my school loans which I've begged and pleaded as low as I can get them.
Well, I'm gonna assume/hope that 40% going into student loans is more than the minimum payment. In this case, consider stopping or reducing the extra principle for a few months to build up your cash emergency fund. What? Tom is telling to you slow paying down your debt?!?!? Kinda. If you get into credit card debt for an emergency while aggressively paying down your student loans, that is exactly as if you borrowed on your credit card to pay down principle on your student loans.
Now, if you don't ramp your debt payment back up after you've built the emergency fund, I'm gonna have to send my brudder in laws Vinny and Angelo over there to have a discussion.
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