<prompt> Human: I have a question that about my debt vs savings that Ive been struggling with for some time and my specific plan to address it.I have roughly 48k in debt and close to 30k in cash savings. The debt is spread across several CCs ranging from 12 - 19 APR.I know logic, and many posts on this forum, dictate that I should pay down as much of the debt as possible however something about having the security of that amount of savings in case of emergency or something has prevented me from doing that. Instead Ive continued to pay for that security through the interest on my CCs. My thinking now is something along the lines of: Get a loan with a much lower, fixed interest rate for the total debt amount from someone like SoFi, lending club, etc.. Use that loan to pay off all my CC debt Use half of my cash savings to pay off the SoFi loan this would also significantly improve my credit score Keep the other 10k for an emergency fund Budget to pay down the remaining SoFi loan over the asap i.e. 12-24 monthsAny thoughts or suggestions on this plan?  <response>: Youre paying 8-900 in interest per month. Youre literally burning over 6k a year for absolutely no reason. Pay 25k off the CCs and try get a loan for the rest. How would you feel withdrawing 800 from an ATM every month and lighting it on fire. This is what youre doing by keeping 30k in savings and 48k in CC debt 