Re: Counting chickens/how much EF before paying car
A split is a good idea. It's hard for many people to focus on just one goal while letting others sit with no action going towards them.
The amount of ef depends on a number of things: how steady is your income? are you in a field that experiences layoffs? do you have good credit? is the car loan your only debt? do you have access to a home equity loan if a true emergency takes place?
If you answered yes to most of these questions, then a smaller ef is probably ok until the car is paid off. Otherwise, I'd recommend a larger ef.
Keep us posted on your progress!
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