<prompt> Human: Hey,Just wondering if you could help me out with something. I owe 4,840.09 on my car. I have 4500 give or take in savings. Should I blow my entire savings and pay the car off? My interest rate on the car loan is 8.25, my interest rate on my savings is 5.00 on the first 1500, and 0.10 on the rest. My regular payments on the car are 251 a month. What are your thoughts?Thanks in advance. If it makes any difference, Im 24 and my salary is 56k.  <response>: The loan is high enough interest, Id go ahead and throw most of your savings at it. Leave 1500 as an emergency fund, toss the rest at the loan and maximize your payments until you payoff:Then devote your spare cash to redeveloping your emergency fund you want 4-6 months of expenses stocked away. 