If you do not have at least an eight-month emergency fund, and

If you do not have at least an eight-month emergency fund, and you think there’s a probability you could loose your job – and it’s not just losing your job; you could be in a car accident, get sick – continue to pay the minimum on your credit card every month. Everything beyond that needs to go to establish an emergency fund. And if you have an emergency fund saved, then fund your retirement account before paying down credit card debt.