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[quote=Anonymous]your emegency fund is NOT cash flow and should not be in your checking account.

the emergency fund should be in a high interest account, some banks are around 5% or higher right now. You need money accruing as it sits somewhere. if it feels right to you and your budget you can use whatever interest accrues monthly towards a travel budget or extra towards debt. you would essentially siphon off what you made in interest every x months if that works for you and is easier to visualize/rationalize.

my issue with using funds towards student loans is if they are lower interest loans, then wouldnt you want to run the numbers based on investing for retirement now vs paying off the loans faster? at the end of the short-term and long-term which one makes you have more money and/or which one is more important- your short-term or long-term financial goals? For many of us with competiting priorities, the short-term and long-term can be dissimilar and you need to figure out 1) what is your risk is weighing either more importantly 2)is the benefit &gt;risk of prioritizing one more than the other

do either of you have pensions? do you both have stable jobs? what is your debt profile- is it all studnet loans and mortgage or other debt?

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