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Emergency fund or paying off car?

post #1 of 2
Thread Starter 

My husband may be getting out of the Army earlier than planned, this would mean that we may not qualify for the VA loan that we were depending on to get our house, among other things. My plan had been to pay off the car ASAP but now I don't know. Should I be throwing our extra $$ towards our 6 month emergency fund (we have $0 saved), towards our car or towards a house? I'm scared that he'll be out of the Army and we will end up with no job. :(

post #2 of 2

EF. Since things are so uncertain, having a little money liquid will open up options in case things don't go peachy after he leaves. You'd have money to rent an apt if the house didn't work out, or to faciliate selling the car if you need to.

 

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