Originally Posted by
FangsF15
That's fine if you want to hit the 'easy' button. Just trying to ensure folks understand the difference that can be had by going about it a (very) slightly different way, and end up with $50k more at the end (plus the liquidity in the meantime in an emergency). There is literally no downside I can think of to this simple path.
I think the downside and/or lack of simplicity, for many people, is the discipline required. It definitely can be "hard" to stare at a dump truck full of money sitting at savings account rates and not want to: invest it in something that might make more, or spend it on a vacation or home improvement or toy. Displine to keep an emergency savings account is one thing, but to have another pile of discretionary cash ticking away at savings account rates can be.... difficult. Versus just paying off debt and saying "see you again soon!" to that money once the debt is paid.