<prompt> Human: I was hit by a driver running a red light a few weeks ago, which totaled my 5-year-old car. Not including medical costs my back and neck are pretty messed up and I need some physical therapy I should be getting about 10k for my vehicle from the insurance company. I have about 2500 in savings, 18,500 in retirement, 7,400 in student loans at 3.5 interest, and make about 40kyear. I have a credit card that I pay off in full each month. Since I live within biking distance of work, I am thinking about going without a car and instead doing a combination of bikebuscar-share car2go. Would it be smart to pay down the student loan? Should I look to invest the money in a CD? Should I purchase a very cheap 2-3k vehicle? Id love any advice from rpersonalfinance about the wisest way to use my money. I originally bought my car new five years ago because I wanted something reliable that would last a long time 2008 Honda Fit, and that wouldnt have a questionable service history I took impeccable care of the vehicle. The vehicle was paid off.  <response>: Make sure you know the terms that the insurance company draws up for the check. Sometimes you have to use it for a specific purpose like fixingreplacing your car. If you dont it is insurance fraud. Just be careful before you dont buy a car with it. But if its all good with your company then by all means bike to work and invest 