<prompt> Human: Im 22 and just graduated, going into a new job earning 65kyr. I have 22k in debt and my parents have over 30k in debt, not to mention another 28 years of mortgage payments. My parents are extremely frugal and have acquired this debt for reasons beyond their control and to put me and my sister through school. They are both 57 and I want to help them set up for retirement, I know it would be highly improbable that they will retire before 65 but I want to make sure they can retire as soon as possible. As of now my 100 of parents income goes directly to their expenses, they are extremely frugal and dont buy anything outside their means. I will be living at home and hopefully anything I can contribute will go directly to debt repayment. I get up to a 10 match on my 401k, so I will definitely be doing that. Ive also been doing extensive stockmarket research for several years, following various stocks, ETFs, etc, and have been getting lots of advice from my cousin who is a day trader but I never had the money to do it other than simulation. For this reason I want to put 15 of my post tax income into investments to help fund my parents retirement. I also want another 15 to go to savings as I need to build an emergency fund for both me and my parents. I will be putting 25 of my income towards my parents debt repayment as they have a much higher interest rate 8and 10 income towards my own debt 4.5 interest. Then there is 10 that goes to donations. The remaining 25 post tax income will go towards my daily expenses gas, food, etc, which arent many. Any money left over at the end of the month I was thinking of splitting between further debt repayment and savings.Does this sound ok? Is there anything else my parents and I should be doing? Help please!TL;DR: 65kyear with minimal living expenses trying to help parents retire.10 Pretax income to 401kPost-Tax:15 Savings15 Investments25 Parents Debt Repayment10 Personal Debt Repayment10 Donation25 ExpensesAssistant: I know you want to do the right thing with 10 for donations, but until you are financially stable and secure, that 10 can be used to better help you and your family.Human: Thats something thats not going to change. Im not being hard-headed nor is it strictly a religious thing. This is something I need to do for peace of mind and I wouldnt be happy without it.  <response>: I somewhat understand that but couldnt you instead volunteer your time and skills as a donation instead of money. Then you can use your 10 towards debts.This will in turn pay off all your debts faster and allow you to give more money after the debts are paid off for donations. 