<prompt> Human: I live in the DC area and I just got a job offer that came with a huge pay raise - going from approximately 60k to 100k. Im just trying to figure out the best way to use this extra money. A high level of my planned expenses so far is below.Current take home 3400 per month; expected take home 5200 per month. Possible extra 500 per month from renting out extra bedroom. -7 401k contribution-1000 housing 850 mortgage, 150 utilities-1000 other expenses food, car insurance, gas, maintenance, household stuff, fun-2000 student loan 54k balance at 5.5, 675 minimum paymentI currently have 8K in my emergency fund and 13k in retirement accounts. My main goal is to eliminate my student loans within the next 3 years. Besides that, I have a few options for the remainder of my income.1. Save for a newer car at least 10K, better gas mileage is the goal to make up for the increased commute2. Pay extra on mortgage3. Save for investment propertyAny advice would be appreciated. Thanks.  <response>: 850 mortgage in the DC area?! also congrats on the raise! like others have said, Id increase 401k to lower tax liability a bit. 