<prompt> Human: Im going to be getting an insurance payout soon 15k from a car accident last year and am trying to find the best way to use it. Ive had financial issues in the past but the past 2 years Ive made big strides in trying to fix them. My credit card debt has been paid down to about 11k from 17k. My student loans are at 27k. And thats about it as far as debt goes. My plan was to use the payout to remove my credit card debt then put the rest into savings its not big yet, but its growing slowly. I have about 2k in a 401k from work I put in 8 percent and they do 4 percent. Is that a good plan? Thank you.  <response>: Youve got the perfect plan in parenthesis up there! Getting rid of that CC debt will free up monthly payments and allow you to keep that other 4k or so in savings. This can be a big head start to building a solid emergency fund. 