I'm glad to be part of the savings club now, meaning I can now literally "save" money, as in watch it grow. We have no savings, outside of a tiny mutual fund we send a small contribution to just keeping it alive. So now my plan is to send all we can to the savings account and when the balance matches what we owe on our car, we'll pay that off freeing up a significant amount of money each month. But at least that way we'll have emergency money and I'm not in a huge hurry to pay off the car like I was the CC's. I'd love to pay it off, but I can relax about it. I like the idea of keeping the money in our savings account until it matches the payoff. And even if we do nothing, it will be paid off in 16 months anyway.
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