<prompt> Human: Im 25. I contribute 15 of my income to my 401k. I have a rainy day savings with 6 months of expenses.Is there a reason to have another savings account to be putting more away? Ive heard that it would only be necessary if I plan on making a big purchase like a house or a car or a vacation but what if I dont plan on making a big purchase any time soon? I feel like I could save more but I dont see a reason to. EDIT: Thanks for the replies! It looks like I have 3 options with any extra money: save it, spend it, or pay down debt. I dont really need to save it and Id like to spend it but I think it would be smarter to pay down my student loan debt. Assistant: Depends on what your goals are. If youre interested in early retirementfinancial independence you should be putting more towards retirement.Human: Id like to be debt free but I have so much student loan debt, I dont see myself ever getting out of it. I am paying about 10 over the minimum payment every month but its still a crushing amount of debt. I guess paying off debt will be better than blowing cash on Vegas trips so Ill do that.  <response>: I think you just provided your own answer. If you have a crushing amount of student loan debt, why arent you throwing your extra money at that instead of taking about savings? A student loan isnt a pet. Get rid of it! 