<prompt> Human: Good evening all.Im a 23 year old college student, graduating with my BA in Psychology this upcoming December. I am currently 53,000 in student loan debt and 2,000 in credit card debt.I chose not to work this semester, which is why I racked up so much credit card debt- but I wanted to believe grades were more important. Anyway, Ill be moving back in with my mom for next two semesters of my undergraduate career and wont have a car once Im there shes worse off financially than I am. Public transportation isnt necessarily accessible in my city, neither is Uber. When I turn 25, Ill receive a 25,000 settlement. Should I put the whole things towards my loan debt? Pay some of my debt and invest some? I know nothing about investing. Buy myself a new car so that I dont have to worry about that for a decent amount of years? Keep in mind Ill be receiving another and final check for 60,000 when I turn 30. Im also an avid traveler and not the best money saver out there. Im worried I wont divvy up my money correctly.  <response>: These sorts of questions come up a lot, so theres a wiki on what to do with a windfall: See also the wiki article on how to handle The short summary in general is:1. Dont tell anyone.2. Take your time to make a plan before spending it. Theres no rush.3. Get an emergency fund4. Max out your employer 401k match, if any5. Pay down high-rate debts6. Contribute more to a 401kIRAetc until you are on track for retirement7. Now budget for and spend on whatever other goals you might have.That being said, you may want to adjust the priorities a bit depending on what your immediate goals are - as youre currently graduating, your priority is getting yourself set up for life after college, which will require some savings to buy things like, say, a car, some furniture, basic appliances after you move out, etc etc. So it might be good to try to avoid locking your money up by paying down student loans too quickly - though paying down CC debt is a good idea, those interest rates are painful.Id recommend against getting a _new_ car. Go for a used car thats still in decent shape; you can save a _lot_ of money and still get something thats just as good when it comes to getting around town. You can think about getting a new car if you have the income to afford it going forward _and_ just really, really want a new car - after all, your new car will become a used car quite soon after you buy it, so if you get used to having a brand new car all the time youre going to want to trade up periodically, which will cost you a lot in depreciation... 