<prompt> Human: Hi guys, been some time since Ive posted. I received the last part of my stock from the sale of a company I worked for this past October. It netted me about 50k. It is sitting in a regular bank account Capital One 360 getting 1. Im still looking at a mountain of debt that needs to be paid off but Im scared to just use the 50k to pay it down because I dont have any other emergency money than that.We have about 1000 snowball that were throwing at the debt each month but it is slow going with 80k in debt Credit Cards 56k Loans , 235k MortgageThoughts andor advice? I can provide more info if needed.Update with More Info:Current Take Home Pay is about 9K per month. I still have the same job but there are concerns around stability. I am also currently paid over market and have looked at other jobs and could potentially have to take a 30-40k paycut if I had to change jobs.Mortgage - 235k - 3.99 - 1700.00 Personal Loan - 28k - 9.75 - 740.00 Bank of the West Loan - 15.5k - 7.99 - 200.00 Discover Card 1 - 14k - 0 - 280.00 BofA Visa 1 - 13k - 0 - 131.00 Student Loan - 12.5k - 6.5 - 131.00 Citi Visa - 9k - 0 - 135.00 BofA Visa 2 - 8k - 4.25 - 110.00 Discover 2 - 5.8k - 4.99 - 120.00 BofA Amex 1- 0 - 5.6k - 56.00 Chase Visa - 0 - 5.3k - 53.00 BofA Amex 2 - 0 - 4.2k - 43.00 Citi - 0 - 3.7k - 56.00 Amazon - 0 - 2k - 50.00 Paypal - 0 - 1.6k - 25.00 Furniture - 0 - 1.5k - 50.00 Total Min Payments - 3880.00 Fixed Expenses - 1670.00 Includes utilities, insurances, services, etc Household Budget - 2300.00 Remainder - 1150.00 Edit: The Rest of ItIf Im being honest with myself, most months we are in the red. We spend way too much money on stuff we dont need. I just dont say no to anyone, myself, my wife, my kids. So yeah, the guy below who said I knew that this stock bonus was coming so I lived it up was right, thats exactly what I did. I flat out need to get my financial shit together but have never done it. My wife wants to move because the schools where we live are crappy, I mean, really crappy which is having an effect on our youngest son hes in 5th grade. So, part of me was saving this 50k so we had a way to get out of this house and into another one but I know deep down that thats only going to make matter worse for us. More mortgage, more expenses. The Bank of the West loan is a camper that we bought this year, weve gone out half a dozen times since we bought it in September and we have loved every minute of it, we were big tent campers for years. Both of our cars are paid for but they are old, a 2003 and a 2005 so I know thats coming sooner than later as well. We have less than 40k in 401k and Retirement accounts, Im way behind there too. Im only contributing 2 at this time. Its all pretty bad and most of it is behavioral. Ive never been debt free my entire adult life, Im 47 years old.Edit 2: Objective ThinkingFirst off Id like to thank everyone for the responses. This has given me an opportunity to think about different approaches to what im facing. When I moved all of these balances around a year or so ago I was drowning in payments. We refinanced our house and saved about 700 a month we had 2 mortgages and then opened additional credit to take advantage of 0 offers. What I see now is that the piper is coming due. What I did was start looking at the balance transfer offers in the statements and determining what interest rate I was going to and when it was going to happen. What I found was eye opening. The ticking timebomb comment was the one that really made me think. ALL of the 0 credit cards are coming up in 2017. To the tune of 65,665.47 which is actually the lions share of my credit card debt. This is 15k more than I even have in the bank. So, here is my plan. Keep putting as much towards the debt as possible, before each 0 deal expires, take the money out of savings and pay it off, do NOT let it roll to the regular interest rate. Yes this means the 2 loans will stay where they are but all of the credit cards will be higher ifwhen they turn to regular rate. What do you guys think about that plan?  <response>: You need to pay off your debts with that money. Save maybe 10k but the rest needs to go to the highest interest debts.If you kept the 50k, and lose your job, all your debts will still be where theyre at now and youll be no better off. Sure the 50k will hold you out for a few months and you can still pay the minimum, but your minimum payments are almost 4,000! And most of that is still towards interest! At least you can get rid of some of the interest and still have an amount to live off of, and wont be required to pay as much in minimum. Sure if you run out of money, youd need to use a CC to pay things off and go into more debt, but its better to get rid of 40k debt now which incurs interest for a year and gain 10k debt a year later. Sure not getting into more debt is ideal, but not paying off what you can now puts you in a worse situation.If you pay off the 28k personal and the BOWL loan I assume its around 10k thats 38k of debt gone. This will reduce your minimum payment by 940 and the monthly interest accrued by 300.Stop kidding yourself. Youre in 124K debt not including your mortgage. You cant afford to move houses unless youre going to downgrade. Get it in your head that this debt needs to be your first priority because having debt with 9k monthly income is insane. I know of people personally who lived with a family of 6 off 20k a year. Sure they struggled and sure they lived in a cheaper and more dangerous area, but even if you raise the standard of living they couldve gotten by with 50k. You need to understand how to live below or your means. Youre not going to catch up on your 401k unless you kick this debts ass.Soem more numbers for you to realize. If you dont pay off the 40k debt mention, over the course of the year, itll gain over 5k in interest and the entire debt will be there. Additionally, if you lose your job, youll still have the 3.8k minimum payments plus your minim required payments and food to worry about. Now say after 3 months of losing your job, you find a new one. Great, but you still have 124k in debt, and maybe 20k left over from your efund. your net -104k.Now, say you paid of 40k of that debt lose your job a year later, your minim payments are 2.8, of the 30k previously used, 11.4k was from minimum payments, so you really spent 18.6, and in this case with a lower minimum payment, youll need to take on new debt of 17k, but now youll -101k net worth. If you also add on the additional 5k that you didnt pay in interest, your net will be 97k. 