<prompt> Human: I consolidated my credit card debt into a loan. We make about 120k a year. Doing my budgeting, I should be able to pay off the loan about 3 months after the baby is born. Should I use the 10k in savings to expedite the process of being debt free?  <response>: No, dont do that. I wouldnt take on a mortgage until after youve dropped that debt down considerably either. Keep adding to the 10k and work on taking down that 20k. Believe me having a substantial savings is important. Especially with kids. 