<prompt> Human: I just have some questions from anyone who may have a better understanding of finances than I do regarding what the best option for my CD would be. As the title says, I have a daughter due in May and abour 18,000 in credit card debt. Despite that debt I do have good credit and have no trouble making my monthly payments. I make roughly 70,000 annually and my wife makes an extra 25,000 annually. That being said, we do live paycheck to paycheck as we are trying to pay off our debt rather aggressively. However, we need a bigger vehicle for our daughter because we share a car at the moment and it is not very big. Not something I would feel safe driving my daughter around in its a Scion. The car is paid off, we have no other debts other than credit cards. We also have a CD of just over 10,000 that we are not sure what to do with. Would it be best to take that CD and use it towards a new vehicle, pay off some of our credit card debt, or put it into mutual funds529 plan for our daughter? If anyone has any thoughts regarding this that they could share my wife and I would be very grateful. Thanks.  <response>: If you have good credit, see if you can transfer the 18,000 to a 0 balance interest rate card. If you cant, you are probably much better off taking the 10k CD and paying off credit card debt with it. Buying another car when you have 18,000 in debt or even 8,000 in debt is not really a smart move. I entirely understand wanting a larger car, but to be honest, as long as you can get a baby seat into that Scion, I would keep it for now and think about buying a new car when youre not living paycheck to paycheck.Alternatively, if you can straight up trade the Scion for another car, sure. But I would not take on more debt at this point, especially with a baby on the way. 