<prompt> Human: Pretty certain that I am going to sell some land I own soon. I expect to profit around 40k to 50k on it. Background: Im almost 33, married with a 2 year old and a 5 day old. I make 45k a year at my full time job and the wife is a stay at home mom. She and I do side gigs when time permits. We cover expenses each month though these years have been, and will continue to be, lean due to the kids being young and my wife not working full time. I have 12k in my retirement account so I am behind with retirement but I am expecting an inheritance which could catch me up somewhat.50k in student loans between my wife and I. 5.5 to 6 interest. We have them both on IDR. Barely paying anything on them currently. Needless to say, they are growing.82k mortgage. 3 interest6k car. 9.5 interest. Looking into refinancing We keep 2k in emergency funds which we dip into for small house projects from time to time. What Id like to do with the money is dump some of it into renovating my house. Its a worst house in a good neighborhood situation and I intended on doing some of the work myself on the cheap with some friends of mine who do renovation work. The house is fairly small and I foresee my family getting a bit too big for it in 5 to 8 years and I doubt my financial circumstances will change so that I could buy a newer, bigger house. But I also feel as though I ought to pay off debts. Particularly the car and student loans.  <response>: Set aside 500 each for you and your wife to buy something nice for yourselves.Pay off that car -- 9.5 is pretty bad.Use the remaining balance to put a big dent in those student loans. If youre not making payments, your student loans will balloon into unmanageable territory faster than you realize.You can worry about catching up with retirement and buying a bigger house for the family once your wife is working again. 