<prompt> Human: So I recently got a 10K raise at work, bumping my pay up to 60K and Im curious what the best thing to do is. My fiancee and I make around 100K a year pre-tax all told, but only have 5000 in savings. I also have around 11K in credit card debt from when I was making a lot less and want to pay it off. My plan is to keep living at the same pre-raise levels I was at and just use the extra money to pay off my debt but should I instead be building our emergency fund? After tax, Ill be bringing home an extra 600 or so a month which means I can likely pay all of my debt off after a year or so. Is that the right call? It feels like it, but I guess I just need someone to confirm if thats the case. Thanks!  <response>: If you already have 5K in your efund its better to pay of the CC debt. At the interest rate of most CCs it is an emergency. 