<prompt> Human: Minimum monthly payments on my student loans are 170. I am wondering if Im better off using my 1000 in savings to help pay my student loans? As long as I have over 300 in my savings account I dont get charged a savings account fee. edit: thanks for the replies so far. I think Im in a good position to tackle my student loans as it stands today but the current interest rate on them is 6.8. Income is 3,400mo. Expenses include: 950mo for rent including utilities, 250mo car payment, 150mo car insurance, the 170mo in student loan payments, plus eating outbuying alcohol on a fairly regular basis.  <response>: No. Keep that 1K. That is the perfect emergency fund for the short term. The question is really, are you ready to tackle your debt? If so, you should provide your incomeexpenses and let the replies begin. 