<prompt> Human: Received a message from my grandfather that he will be gifting me 20,000 in July as a wedding gift. I would like to invest that 20K, my fiancé thinks I should pay off my 15k in student loans and put the rest in my Roth IRA. Im currently on a 3 year repayment plan for my student loans with a 5.59 interest rate which isnt bad. I have no other debts. Whats the best use for this money? Investing? Paying off student debts? Retirement? Rainy day fund? Combination of all them?  <response>: Follow this: Also:5.59 interest rate which isnt badId call that semi-high. Basically, if you follow the flow chart, build up an emergency fund and then pay off your student loans. 