<prompt> Human: My wife 26F and I 27M are considering taking some of our savings and paying off a large chunk of my high interest student loans. Below is a breakdown of all the details of our current situation to give you all a complete picture:Lower Interest Loans:- Total Outstanding: 8,169- Interest: 3.6237;- Minimum Payment: 147mo- Current Payment: 147moHigher Interest Loans:- Total Outstanding: 12,807- Interest: 6.8337;- Minimum Payment: 375mo- Current Payment: 550moCash- Money Market Savings: 31,000 with 1.637; annual yield CapitalOne 360- Emergency Savings: 7,920 I estimate this is roughly 3 months of costs for us, probably more but I always overestimate how much things cost and we have been putting our savings towards this to beef it upRetirementInvestments- 401k: 41,000- Vanguard Index Fund VTSMX: 3,500 just started this and plan to keep contributing to this monthly with part of our savingsOther Details- Combined Gross Income for me and my wife: 130,000 possibly closer to 150k, but Im in sales and I dont count on getting my full OTE just to be safe- Medium COL area DFW metroplex, currently renting an apartment- No kids yet but will start trying in the next year to 1.5 years- Savings each month after all expenses: 1500-2,000 we are pretty frugal and dont spend much outside of necessities on a regular basis- Credit Score: around 770-800 depending on who is reporting- No other debt aside from credit cards but we pay in full each month and never carry a balance- No car paymentsShort Term Goal: save to buy a house in the next year or two in the Dallas, TX areaLong Term Goal: Save for retirement, children, and continue investingMy idea is to take some of the money from our Money Market and pay off the high interest loans 12,807 since they are costing us way more than we will get in interest in that MM account. We will continue to save as much as we can but then keep the 700mo payment and put it towards my other lower interest loans, which should be paid off in about a year at that rate since they are low interest and tax deductible. Am I missing something here? I like having a big savings account but if my math is correct it is costing us money just sitting there. Also, let me know if I can provide any other details. Thanks in advance!  <response>: Keep 6 months worth in emergency fund and pay off all loans that have interest higher than your saving account. 