I've been really tempted lately to take all the savings I've worked so hard to save & pay off all my debt. My debt is only two kinds, student loans and a car loan. The amt of the debt is overwhelming to me, and I technically have enough in savings to pay it all off, but if I do, I'd only have about $500 left to my name. Paying off this debt would really only free up about $450 each month so it would take me a while to build up my savings to where I am right now. What do you guys think? Bite the bullet & pay it off? Pay off half? Keep my savings and instead add to my retirement or start investing? I don't have any retirement accts other than my 401k and I dont want to touch that. If it helps, my student loans are at 4.5% and my car loan is at 2.35%, I have my savings in a money market that is only at .7% so I'm not making much. I've also been wanting to start a small business and if I pay it off it would take me years before I could afford to do that. I'm so wrecked with indecision & don't know what would be best. Any tips? Thanks everyone!