<prompt> Human: Hey reddit,My fiancee has about 14,000 in student loans. She finally has a job that allowed her to save up a decent amount of money. In total, she has just about 14,000 in her savings. She is making monthly payments of about 200 towards her students loans, and I suggested she should just pay the student loan off completely. She doesnt want to empty out her bank account and continue to just pay the monthly amounts. I think its better for her to be debt free, but I understand it must be difficult for her to basically empty out her bank account. I even offered to lend her a few thousand so she wouldnt empty out her account entirely. Is it better to just pay off the loan completely, or continue doing monthly payments so she can pad her bank account?  <response>: Dave Ramsay says: Keep a 1000 emergency fund. Pay off debt. So, ...yeah. Once debt is paid, you can more quickly save up 3-6 months worth of bills. And if you no longer have that 200 payment, thats 200month that you dont have to worry about paying. 