Here is what I would do
1) Pay the 20k towards debt
2) Create an emergency fund so that they don't get into debt agan
3) Start saving towards retirement they should try to max it out Roth IRA
4) While housing is currently included in their salaries is there anyway that they could get additional income now. I don't see being able to buy a house in the future with the current salary. They should probably consider renting.
|