<prompt> Human: I just refinanced my auto loan with a local credit union and will be going from a 4.39 interest rate down to 3.49. This brings my monthly rate down 100 a month and am just looking for some insight into how to use this 100 to my advantage. My refinanced auto loan is for 60 months but there is no penalty for paying it off early and I currently still have 12,230.36 My student loans are sitting at 22,098.87 at the moment. It is 3 different loans through the government with a breakdown of; Loan A: Principal Balance of 14,010.62 at an interest rate of 5.588 Loan B: Principal Balance of 1,809.49 at an interest rate of 6.800 Loan C: Principal Balance of 6,208.38 at an interest rate of 4.660I just refinanced my auto loan with a local credit union and will be going from a 4.39 interest rate down to 3.49. This brings my monthly rate down 100 a month and Im just looking for some insight into how to use this 100 to my advantage. My refinanced auto loan is for 60 months but there is no penalty for paying it off early and I currently still have 12,230.36 left to go. My exact monthly bill is 268.52 but will continue my current plan of rounding up to 80 to make things simple. If I pay the 280 per month itll take about 43 months compared to 32 months at 380 per month.My student loans are sitting at 22,098.87 at the moment. It is 3 different loans through the government with a breakdown of; Loan A: Principal Balance of 14,010.62 at an interest rate of 5.588 Loan B: Principal Balance of 1,809.49 at an interest rate of 6.800 Loan C: Principal Balance of 6,208.38 at an interest rate of 4.660I was wondering how I should use this extra 100 a month to my greatest benefit? I currently am considering 3 options; 1 Keep it towards my auto loan to pay it off quicker. 2 Put it towards my student loan to pay off quicker. 3 Put it into either my 401k account or my new savings account with my credit union.Currently have just under 4,500 in my savings, a little over 1,700 in my 401k, and will have 225 in a second savings account with my credit union due to getting a free 200 for refinancing my auto loan through them. I am 25yo and still live at home at the moment so my only bills are currently student and auto loans, any CC debt which fluctuates a bit month to month due to food, nights out, personal items etc.  <response>: Since you are not actually saving money just extended the terms,, I suggest putting that 100 back towards your loan. 