u/IT-Command

I just got a suprise raise from work and im not sure what to do with it. My first instinct is to split it beyween my debts and saving for a new car. My current car is a lease and I have to turn it in in January.

My second thought is to use it to increase my grocery budget a bit and put the rest into savings till my emergency fund has 1 months expenses.

Details:

Current budget

Rent/utilities/phone : $2026

Loans + credit cards payment: $1400

Medical debt: $250

Groceries: $280

Savings: $300

Home goods/fun: $100

Savings:

Emergency fund : $1100

New car fund: $1100

My current takehome is $3746 per month and my wife adds another $650 towards bills.

My raise is going to be about $550 per month after taxes.