<prompt> Human: My wife finished dental school last May with a total of roughly 560k in student loan debt. With my student loan debt, our car payments and our other minor credit card debts were sitting at around 600k in the hole. Our current annual combined gross salary is around 300k. We have approximately 20k in savings. Heres our monthly payment breakdown:- Student loans for both of us 5k- Combined car payments insurance 850- Credit card 450- Rent 1k- Utilities, cable, internet, etc. 700- Other monthly combined costs 1kWed like to start investing whats left from each month and are considering real estate, stocks and bonds, etc but would like to hear advice from others.Edit 1: Thank you for all the helpful advice and suggestions. I should apologize for not painting a full picture in my original post. My wife and I are trying to find ways to create a tax shelters, and at the same time save and pay down debt. Our credit card debt has grown over the last 6 months but we are planning to knock this out by the end of Spring. My wife and I made a cross-country move last year that set us back substantially. I work in sales, so while my base salary is well under 100k, Ive been fortunate to experience a good 2016 and whats looking to be a good 2017. However, with her having been in school for so long our combined income has never seen this tax bracket before, so were trying to methodically budget a good balance between getting rid of debt, keeping our taxable income low and save for retirement. This is proving to be more challenging than anticipated! Those of you who said were spending more than were saving, youre correct. This is a top priority item were both working on and trying to more closely track our spending.  <response>: Seems to me you could be paying A LOT more towards that debt. I didnt crunch the numbers but thats probably where Id focus 75 of my remaining resources. 