Debt question

[skives]

My whole financial situation was posted earlier this year. here is a link.

http://www.savingadvice.com/forums/debt/47453-need-advice-my-situation.html

I was just wondering if the $5,500 is the online savings account would be better served going towards my private student loan? I would still have the $1,000 EF at my local credit union.

What does everyone think?

[graceful]

Doesn't have to be all or nothing. So, use half to pay down your student loan and keep half at ED.

Sometimes it's the scary thought of seeing your savings account go down to 0 that prevent any action. I know that there is a level that makes me feel secure and I get antsy when I see it go below that amount.

So use a few thousand and see how you feel next month and if you are ok after seeing the new balances of both your ED account and your loan balance, pay down more of the loan with your ED account.

Maybe seeing your ED balance go down will motivate you to save more by cutting down more in order to see your balance go back up.

Good luck.