The emergency fund would be nice BUT when the emergency came you would still be paying off the debt.
When an emergency does come you need the smallest debt possible so that you can survive the cash crisis.
Many a person has lost their job and then been in critical problems because of the debt repayments.
Now since there aren't many emergencies that require $20K. I'd get the debt down and then get stuck into savings.
Enjoy Your Money
The Budget Man
www.thebudgetman.com
The budgeting program that works for me and might be of interest to you!
