<prompt> Human: The dilemma here is more psychological,lets assume you do have 5000 in saving to be put into an emergency fund, on the same time you have 5000 on debt 0 interest rate.1- You pay the debt: Pros: Get rid of the feeling of being in debt, who lend you the 5k will trust you even more in money matters.Cons: No Emergency fund.2- Build 5000 emergency fund:Pros: Feel more secure.Cons: Start all over again thinking about the debt which can be depressing. What is your opinion on this?  <response>: In my opinion, build an emergency fund above all else. You may find once you are prepared for the worst, the bad luck seems to avoid you. 