<prompt> Human: It will take me about 5 months to pay off the credit card. My question is should I just pay off the debt with my savings and not have an emergency fund for 5 months or would it be better to just pay it off monthly and take the 200-250 hit?  <response>: Pay it off. 20 is a huge interest rate and you wont get near that much in any investment opportunities. Save the extra money you wouldve spent paying it back and put it into your emergency fund. 