<prompt> Human: Im 22 and balancing about 7k in car debt, 40k in student loan debt, and yknow, trying to save up. Recently, I was telling my dad how I struggle with knowing if Im allocating the right amount towards paying off debt and saving. He gave me the advice: Whenever you get a pay check, always pay yourself first. Meaning, to prioritize saving vs. paying off more loans than the minimum payment due. Ive been thinking about it a lot. Is this good advice?Im always trying to pay off my car first, since its a depreciating asset AND has the highest interest out of all my loans.Is this good advice?Thanks!edit: I think some people are reading card debt but I actually have no credit card debt - I have CAR debt as in an auto loan. Thanks to some of your replies, I decided to focus on paying off my car in the next 7 months time before my student loan grace period ends, then student loans. I already have an emergency fund so Im set for that. Any additional advice on whenhow to start saving for grown up stuff read: a house, yikes is appreciated too  <response>: You want enough liquid cash to be able to take care of emergencies, but after that, you dont really need much. Save 1-3 months of expenses in a savings account and then aggressively pay off your debt. Dont take on additional credit card debt obviously. 