[arianeira]

I agree that it makes sense to put available money toward paying off debt instead of trying to build an emergency fund. There is one mistake that I made when I first started doing this though--I mistook emergency savings for "semi" annual expenses.

For over a year I applied almost all of my left over money toward my debt each month. Unfortunately I hadn't thought about the registration/taxes due on my car or my bi-annual car insurance or my annual renter's insurance. When these came up, they went on the card that I had been paying off. Luckily, I realized that this was not the best thing for me to do--it was similar to putting all of my bills on my credit card and just paying with what I had.

So now I do have a savings account that I put money into, but this is for the irregular expenses that come up, not for an emergency savings.

I just wanted to point this out in case there is anyone else out there who might be thinking the same way that I had been.