<prompt> Human: Hello all! Im new to rpersonalfinance.I, like many dumb people on the planet, racked up a fair amount of CC debt. Im chipping away at that slowly but surely. However, Ive pretty much lived paycheck to paycheck like a lot of people.I took a new job last August that may or may not run out of funding in June 2013, so Im trying to plan ahead. Is it better for me to build up a significant emergency fund three months is probably all I could swing just in case this happens? Or should I keep a smaller emergency fund 1500 or so and chip away at the debt hardcore?Heres the numbers: 7500 in CC debt, various interest rates 13 - 22 8K in student loans not TOO worried about this, as interest rate is fairly low - I mean, it sucks but Im more concerned about high CC interest rates 1200 in savings currentlyHeres my current monthly budget Bring home 2000: Rent: 625 includes water trash Electricity 80 Netflix 8 Internet 45 Macys 1 25 these CC payments are a little more than minimum Macys 2 75 Discover 75 US Bank 70 Student loans 150 Food 200 Gas 120 Savings 250Anything leftover would account for a small amount of fun money, pet stuff, personal supplies, etc.Do you think it makes more sense to continue to save in case I lose my job in a year, so I dont accrue MORE debt, or chip away as much as possible now?  <response>: If you are in good standing with your credit card company, you can ask for a lower interest rate. 