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[quote=Anonymous]+1  take care of all cc debt and commit to not accumulate more.  Credit card debt is a massive drain on your ability to create financial stability/wealth.
+1 up your 401k contribution to reduce tax burden.
Establish an emergency fund (typically equivalent to to 6 mos expenses) to help avoid future debt.  Pregnancy can create unexpected financial situations/costs (hospital bills, bed rest etc.) and having a baby even more.  It's a very dynamic time of life.  If you don't have enough for 6 months expenses do what you can and establish a savings plan to do more.

When your car breaks down, buy a 3+year old used car with low-ish mileage rated highly for reliability.  This will give you the most bang for your buck. Don't buy until necessary, but put funds aside for it outside of the emergency fund.  Call it a car fund so it doesn't get sucked into your expenses, but don't consider it part of your e-fund.  Keep your eyes out for good used car deals.  Research on edmunds.com for reliability/cost to maintain etc.

I wouldn't buy the new place yet.   Moving adds a lot of costs.  You don't need schools for years.  But use any remainder to start a down payment fund with a plan to move in 3-5 years, spend the time researching neighborhoods/schools/commutes etc.  Calculate how much more you need to have a 20% down payment on the neighborhoods you're interested and begin a savings plan.

This bonus is more a chance to clean up your slate and begin a responsible financial plan than it is to pursue new opportunities.

Congratulations on the bonus![/quote]

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