<prompt> Human: My husband and I recently got married and received gifts from family and friends totaling about 16,000. I have a student loan the last one! that is currently at 9,900. I just paid off another loan in July that was at 5.75. Wondering if I should take the gifts and knock out the last of my student loans.Debits:Student Loan at 3.5 9,900.00Assets:EM Fund: about 5 months worth of expenses saved for both of us, working up to 6 months in the next year. Gets 1.25House Fund: 27,800 this is where the gifts are sitting also at 1.25Savings: 2,500 at 1.25We are maxing out our Roth IRAs to 11,000 this year.We each contribute 15 towards our 401K plans, we are 34 and 40 years old.Current plan was to up my monthly loan payment to what I paid on both loans and have all loans paid off by May 2017.  <response>: I would put it in the house fund, especially if you are ready to buy now but are just waiting until you save up a down-payment. DO NOT INVEST YOUR HOUSE FUND MONEY IN THE STOCK MARKET. seriously. The stock market is not for short term investment. Two days ago there were all these people complaining on here that they cannot buy a house anymore because of the market. Dont be one of those people. 