<prompt> Human: I have consistently been taking 33 of whatever I earn and dumping it into a high interest savings account. I also have 400 a month being automatically withdrawn by the bank for my RRSP. By doing this, and paying the mortgage, and all the other life related expenses I am finding there is not much left over in my chequing account at the end of the month. So while I have been building up a nice security blanket of liquid cash in my savings account. I have no equity in my house, and have only been making minimal payments. Should I dump my savings into the pit that is my mortgage? Or, continue to knit my security blanket because paying my mortgage is like paying rent. You always need four walls and roof anyways right?  <response>: A better question would be, do you have retirement savings?The money aside from your emergency fund should be invested in some way used to invest for retirement or used to pay down debt with an interest rate. 