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Rant: my savings account hit $5,000 last month and I almost felt bad about it
For two years I kept around $800 in savings and put everything else toward my car loan because the math always said pay debt first, but last month I crossed $5,000 in the savings account for the first time and it honestly felt better than the loan balance dropping. Side A says every spare dollar should go at the loan since 6% interest beats the 0.4% my bank pays, side B says having real cash on hand is worth the lost interest when your furnace dies in February like mine did in 2023. Where do you all draw the line between killing debt and keeping a cushion?
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