<prompt> Human: As a result of the Volkswagen TDI scandal, I will likely be in possession of about 15k after paying off my current car loan. My plan is to use about 5k of that towards my next car and take out a loan to pay the rest as I was doing with my old car. This leaves me with about 10k. My initial thought was to use all 10k to bring my highest interest student loan down, but Im wondering if it might be better to kickstart my house savings.Heres some information: .------Age 27Salary 70kyearSchool loan A 2.7k 6.0School loan B 2.7k 5.6School loan C 3.5k 4.5School loan D 13k 6.8Current Car loan 9k 3.9Estimated new car loan 23k Im making 600 car payments and 500 school loan payments both above my minimum as well as giving 500 to my parents to help since I live at home.Any advice? Thanks!  <response>: If you were to put that 10k into a savings account, or some safe investment as is appropriate for a house downpayment, your return would not even begin to approach the 6.8.Aside from having an emergency fund, I would use that money to pay off a large chunk of your highest interest student loan.A lot of people on this subreddit will tell you youre nuts for financing a car for 23k. Ultimately, what you do with your money is up to you, but consider this: You are currently only paying 500 for rent probably includes utilities and some food, right?. Whenif you move out, your financial obligations will shift. You may want to consider what it costs for rentutilitiessomething extra in your area, and contributing that to your student loans in excess of the minimums. This will not only pay down your debt faster, but it will greatly help you adjust when you do move out of your parents home. Just a thought. 