<prompt> Human: I have a 24 year old. I finance a car for her, but she is paying the note. The loan is approx 13,500, interest rate at 4, monthly payment around 240. I came into some cash and want to give her 15,000. Should I suggest that she use that money to pay off the car, build an emergency fund, or both? Itll be her money and Ill allow her to do what she wants, but I want to at least give some good advice.  <response>: Honestly, i dont know how mature your daughter is, but getting that huge amount of cash would be insane for your daughter and probably pretty tempting. If you wanted to pay her car off then just pay it yourself and give her the remainder. 1.6k is still great and she can save it if she wants or she can have a little spending money. 