<prompt> Human: Greetings, Ive read through Windfall , Retirement, and Investing sections on the right before posting. Its a bit overwhelming with choices and Im not sure what to do. Any advice would be really appreciated.We are in our early 40s, with a teenage kid. We owe a couple of hundred thousand on our mortgage, plus a couple of credit cards totaling maybe 15k in debt. We also have a car loan which is roughly another 15k. Recently, my wife received an inheritance of over 100k. We started paying off some of this debt, but Im not sure whether we should focus on eliminating these long term loans, or put the money into an investment account of some sort. My wife wanted to just drop it into a money-market account for a rainy day, but that gets us maybe 1 a year while we pay out tons of interest.We have very little in the way of retirement savings, nothing saved for college for our son, and we mostly live right now paycheck to paycheck. We get all our bills paid without much left over.So whats the best play here? Eliminate as much debt as we can? Or do we put it away for down the road?  <response>: In my opinion, weigh the interest rates. If your debt is at a higher interest rate than savings can provide, its a no brainer, kill the debt. 