MemberSince99 wrote:In these times, it's almost smart to keep 2 or 3 years salary in savings in case you lose your job. It might take you that long to get another one. Of course if it takes you longer than about 6 months, you will be labelled a loser and blamed for it and no one will hire you anyway so maybe then it's kind of a moot point, it's just longer that you are saved from being homeless. But few of us can afford to do even 6 months as you mentioned.
As much as I think you are right about companies tending to discriminate against the currently unemployed, I do think this is a little morbid haha. +1 for candidness here may be deserved
For real though, I know we human beings are bad at saving past a certain amount(myself included), but if one is disciplined enough to save 1 month's salary/wages, it should be possible to set a goal to save another month's salary. When you get there you could even say this next month I save nothing and spend what I would have saved this month as a reward. [/rant] I was totally off topic there.
Back On Topic:
With regards to what I personally would pay down first, in my opinion it comes down to what I would prefer to lose in the event I can only pay one of the two loans, my house, or a car. But that is just my opinion and it should be taken with a grain of salt