<prompt> Human: Hi there. I have recently inherrited 80,000 after the death of a family member. While this money is exciting, I am a little terrified because I am financially clueless. I dont even have a credit card, just a debit card, and havent looked into credit cards because they confuse me lol.So here is my current financial situation:1. I have a job that pays about 49,000 after taxes. This might go down some in the next year or so if I switch jobs, which I am considering.2. I have 20,600 in student loan debt--have not started paying it back yet3. I have about 6,000 in my savings account4. I would like to give 10,000 of my inheritance to my grandma it was her son who died, and she paid his premiums. I also would like to be very generous this Christmas maybe buy my parents a vacation, get my grandpa hearing aids. Last, I would like to donate a few thousand dollars to a cause that my deceased uncle would have supported. So I am guessing after I give these giftsdonations, my inheritance will be at about 60,000So here are my questions:1. Should I just pay off all my debt? Thats what my dad says to do, and is super appealing to me, but Ive heard that is not always the smartest move again, need someone to ELI5 that for me. 2. How should I be investing this money? I know people put stuff in stocks? Retirement?? I do not have a 401k but will start having one in about a month.3. Should I get a credit card? lolI am so grateful for any advice. Thank you!!---Edit: Wow! Thank you all for this really thoughtful advice. I appreciate all of your responses and wish I could respond to each individually, but this post really took off! I am happy that this opportunity will force me to become more financially literate, as I know that many of you are concerned for me--dont worry, Ill get there ; Thanks again!!  <response>: I would suggest you pay down the student loan first. That is money you owe, so your inheritance is really only worth 60k. This will also keep you monthly cash flow up in the future.Next start a retirement account of your choice, Roth IRA is probably a good choice for you. Then get a brokerage account for the rest, and invest in low cost index funds.Dont spent 20k on your family for two reasons. 1 They dont need or value the money the way you do. 80k is a lot of money for you, not necessarily a lot for someone who has worked their whole life. Dont buy gifts, they are a waste of money. Spend time with them. Also, your grandma my prefer to see you with it. You can always give it to her later, if she needs it. 2 80k is not a lot of money in the big picture. You just recently came into the windfall and you have already earmarked 20k for your family and donations. Add you student loans and you have now used half of it. Last year could you have imaged spending 40k in a few months? Spending money is easy, saving it is hard. I say this as someone who inherited a similar amount of money, and had the same questions.Make the hard decision now, and in the future when you have solid assets and hopefully excess income, you can give to others freely and often. 