If you came into $100K (stolen from CEP)

[mollz007]

I would probably do a combination. I would probably pay about 50K to my SLs and divide the rest between savings and CC bills.

[fbf2006]

Half as a down payment, and the other half to pay down our student loans.

[hannamaren]

Sept 18, 2012 13:35:03 GMT -5 @gypsy said:

Combination: I'd pay off some debt but save/invest the rest.

This.
I would pay off somedebt (not SL) use some to increase our downpayment and invest a third.

[Deleted]

Addition on the house and refinance to get rid of PMI.
I would not touch our SL's as they are at 3 % and only about 15K

[stingsharkruns]

I'd pay off everything but our house and invest the rest. Excluding our house we have about 22k in debt (the includes our vehicles).

[chessie]

Pay off our SL's and our second mortgage. Probably have some left over for a nice kick ass vacation. 100k wouldnt make us completely debt free, but without some monthly payments would make life a lot easier.

[zombiemuse]

I pay off my debt (~$40K), invest/save $50K and take myself on a nice vacation with the other $10K.

[mrs.spunky]

Our only debt is our mortgage, $210k at under 4%.
We could pay down the mortgage to such a degree that our payment would be ~$1200/mo (vs almost $1900) for a 30 year mortgage, or $1500 for a 15 year mortgage. This would allow DH to max his 401k (currently about 2/3 of the way there) and allow us to keep roughly the same budget otherwise.
Alternately, we could spend $25k on a new car, spend about $10k on home upgrades and invest the rest.

[ondaflipside]

1. Buy REIT stocks $5K
2. Spend $15K in house projects, and car repairs
3. Spend $5K on shoes/bags/clothes for me and DH
4. Spend $5K on travel
5. The rest will be a DP on our next house.

[dexteroni]

Sept 18, 2012 14:01:41 GMT -5 zombiemuse said:

I pay off my debt (~$40K), invest/save $50K and take myself on a nice vacation with the other $10K.

Oh I like this; we need a vacation. I think we would use the leftover house-sale money to get the F away for a bit.

[hbomdiggity]

Since my SL rates are more than 6%, I would pay them off. This would free up a significant amount monthly that we would invest going forward.

[Deleted]

Sept 18, 2012 13:33:46 GMT -5 ssmjlm said:

I would refinance my mortage to get rid of PMI, then I would invest the rest.

This plus pay off out cars. We would have a solid 70k left.

[kershnic]

I'd pay SLs at 6.8% and put the rest towards making sure I don't need to take out more SLs at 6.8% again when I go back to school. Might put 5k or so towards a vacation, and throw 5-10k at retirement, but it would probably mean I still ended up taking out new SLs.

If my interest rate (or prospective interest rate) were much lower I wouldn't pay down the debt though.

[iheartbanjos]

We have SL's and a mortgage, but the SL's are at 1.75% and the mortgage is at 3.99%. I would keep half as liquid savings since we're currently trying to bulk that up, but 20K in index funds, and use $30K for a new (to us) car.

[80sjunkie]

Sept 18, 2012 13:36:49 GMT -5 liveintheville said:

I'd let it ride.

This, but I'd also wish I had received it a month ago.

[rikki]

I don't have any debt, so I guess it would all go to savings. I would probably add it to my down payment fund.

[kittycatlove]

Our only debt is our mortgage and 100k wouldn't pay it off. It's our forever home so I probably would do a few renovations that we've been saving for and the put the rest in savings/invest.

[lurkergirl123]

I'd pay off my student loans and car and put the rest in savings. It wouldn't be enough to pay off our mortgage.

[rex]

I would pay off our debt (Student Loans), save until our cash savings were at my comfort level and invest the rest.

[nonsenseabound]

pay $10k to get rid of PMI, pay off our small amt of CC debt and invest the rest

[kelly072206]

Pay off second mortgage approx $30K, refi first mortgage, finish fully funding Roths for the year, new (to us) car for DH, then invest.

I believe DH's answer to this question would be - buy a beach house. This is why I am in charge of the finances currently.

[h]

Our only debt is our mortgage, and I have no interest in paying it off. It would all go toward long term investments.

[magdala9]

Invest.

[Deleted]

Interestingly enough, the responses are mostly the same as CEP.

[krystee]

We would use $69K to pay off all debts but the house, $10K to beef up our emergency fund and $20K on a downpayment on a new house (we'd rent our current one out). That last 1K would be split $500 each for fun. And we'd put our newly freed-up $800/month toward a really nice vacation for the first six months.

[kangaroo11]

Our only debt is the mortgage, so I guess we would just invest it.

[honeybee]

30K to wipe out my student loans,
50K would wipe out over 50% of our remaining mortgage
10K I would take mine and FI's family on a trip to Disney World all together.
10K would get invested

Sigh, it'd be nice.

[heygrey]

$50k - saving/investing.
$40k - my US student loans.
$7k - h's smallest student loan.
$3k - vacation.

that would leave us with h's larger student loan at an interest rate of 2.8% and our car loan at 0%. i'm okay with those debts right now, the car especially. we have more than enough to make the monthly payments and i'd feel more secure with savings than being debt free.

[stretchad]

Between my student loan and car, we owe about $17k. I'd pay that off, and then save it for a down payment on a new house.

[rootbeerfloat]

$8K SL, $7K travel/house, $85K invest