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Reply to "Help me financial wizards! What to do with bonus."
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[quote=Anonymous]I'd put 100% of it towards debt. I'd first pay off the student loan then put the remainder towards the car and double up on car payments. Increasing your cash flow helps in the long run if you do lose a job, you have less mandatory monthly expenses. If you don't lose a job, you can then more quickly build your cash reserves until they get to a more comfortable level. Work towards being able to live off one income and then you will be able to use your cash surplus for investing and building wealth, not just living. Right now the only thing you have growing is your 401k, thats great, but wont exactly lead to financial freedom (if that's what you even desire).[/quote]
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