<prompt> Human: Quick Basics about us:Married 37 and 28 years old 2 kids 2 and 11 monthsOwn our home, Owe 266,000 25 years left on 30 year mortgage 4.75 pmi 120ish a monthOne Car Payment - 820 0 interest for 4 more yearsLittle to no debit 2000 on credit card, 4000 on Bed Purchase - Both 0 Im inheriting 300,000 in a month or two after the estate pays taxes grandmother passed away last summerSingle income, wife stays home. I make 130,000 a year plus 10-15 cash bonus and 10-15 stock bonus. Stable job.60,000 in savings. 16000 in 401k and personal investments just started it last year, I know Im stupid. Mortgage payment is 1530 principalinterest, 450 taxes, PMI and insuranceEDIT: Left out my parents started college funds for our boys, 14000 a year until they max out. So college is paid for. Also we are getting 14,000 each as tax free gifts wife and I. Also, my wife will start working when kids get in school in 3 years.What should we be doing with this money? My dad thinks I should pay off my house and car. Then pocket the 2300 a month and start investingsaving.Im pretty confused on what to do. We dont live extravagantly. We dont take fancy vacations. Might buy a new iPhone when they come out, etc.  <response>: I wouldnt use the money on 0 debt. Thats free money, just make sure those are paid off before they start accruing interest or penalties. I would pay off the house and invest the remaining portion. 