What to do, some advice please.

[future1]

so many good responses!

Thank you everyone for the great responses. Just to answer a few ?'s, Are wedding is completely paid for the $2500 is an EM/Honeymoon Fund. The ING is a "real EF" for catastrophes. I want this to have at least 10,000. I found out the hard way that not planning for the unexpected yeild syou just that, and it always costs money! I will be out of CC soon enough and enjoy looking at this site for advice and just to encourage myself. I have a lot of people around me living way outside their means. I want to live well below mine in order to enjoy the years to come. I transferred my CC debt yesterday, all of it to a card with 0% until May 08. Should I wait to pay it and build my reserves?

[jIM_Ohio]

Between the tax refund and the EF, you can pay off the debt. Once it's paid off, in 4 months you'll have $10k (4*2500 you currently pay on cards).

Be debt free in 4 months and you have reached your goal.

DO NOT delay paying off the debt (just because it's 0%, remember if emergencies happen, you may still have the debt and no EF).

[creditcardfree]

I agree with Jim, just pay it off, regardless of the interest rate. Worst case scenario,while you are building up EF, is that you use your cc, if a catastrophe strikes.

In fact, you'll have the $10000 once your house sell, right? So in 4 months you'll have an EF of $20K, assuming house sells in that period of time. Clean slate and a sum of cash...everyone would love to be in that position.