No. of Recommendations: 0
50K is an enormous amount of savings for someone age 26, good job.

Assuming that of your 30K credit card debt not ALL of it is at 2.9%, you should stop putting anything into savings, unless company matched, until all the high-interest debt is paid down.

In your situation you don't really need an emergency fund except to make sure you can service your debt and possibly maintain your insurance policies in case you lose your job. You live with your parents, are not going to be suddenly diagnosed with cancer, have no children or family to support (apparently), have no risk of sudden major home repairs and basically you just have nothing that can suddenly appear and cost you $10,000. You are one of the people that should consider your credit cards to be your E-fund and put the rest of the money to something useful, probably debt reduction.

It's not clear from your post whether your credit card debt is 40% OF 30K (12K), or 30K out of a limit of 75K. 12K is a manageable amount of debt, but 30K is almost a whole year's take home pay at your salary.
Your credit cards at 2.9% are unlikely to stay that way forever (credit card companies can't make money at 2.9% so presumably something will happen soon that raises the rate).

When the interest rate goes up, you will suffer pain. Since you currently have few expenses you'll be able to handle it but that doesn't mean you want your single biggest expense to be interest. Lower credit utilization will also improve your credit score but that is not an issue until you actually apply for a mortgage. If I were you, I would not be super excited to do this, as housing prices are likely to continue falling for some time yet.
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