Hi folks. I have a bonus (amount as yet undetermined, but should be at least a few thousand dollars after taxes) coming up and an expected raise that will happen in 2 months or so, expect that to be around $200/mo after taxes. I'm looking for some opinions/advice on where to direct it. Without boring everyone with tons of detail, here's my situation in a nutshell:
Debt
I have around $100K in student loans (all federal) at a weighted interest rate of around 7%. One loan is higher ($20K @ 8.25%). I pay about $500/mo distributed across the loans, plus another $500/mo towards the high interest one. I am charged about $625/mo in interest. This is, of course, obscene.
I have a leased car (2013 Honda Fit). I leased when I sold my last car to free up cash to pay off my high interest credit cards. My plan is to buy this out at the end of the lease (March 2016), but I'll likely do it in a loan since the interest rate should still be far lower than what I pay on my student loans.
I owe about $160K on my house, market value around $220K. We'll probably stay in the house another 5 years, maybe a little longer. House needs about $2K in repairs short term, in next couple years will need upgraded heating system and possibly new roof shingles. Additionally, the house needs/wants some upgrades to make it more useable and increase resale. Mostly, the kitchen is horrible. We'd need to do new cabinets (funky sizes make buying used difficult/near impossible), but can do that at ikea for probably $2500-3K. We will upgrade appliances over time at dent/scratch sales. A few other things need to be done, but none are super expensive or things we can't do ourselves.
No credit card debt other than some recent medical bills on a 0% card, am maxing out my HSA this year and will cover expenses currently sitting there. No threat of interest here.
Savings
I have ~$5K in a 401k, my employer and I contribute about $500/mo to it. I had been contributing more but pulled back to focus on student loans. My partner does not have retirement savings, and her employer does not offer any matching. I am the primary breadwinner (I make 80% of our income).
We have about $7K in combined emergency fund/YNAB buffer. We put about $200/mo towards unexpected housing repairs and/or vet bills (we have one dog).
Income
I make $65K a year plus bonus, which varies (last year I net $4500 after tax, this is a better year)
My partner makes ~$12K a year working part time, plus ~$4K/yr as a part time yoga instructor.
Other info
We are getting married this fall, what isn't covered by family will be paid for in cash. We have this saved already. We would like to have kid(s) in the next couple of years, my partner would probably cut back her hours further to stay home and save on day care. We live very frugally, are a one car family. My partner usually walks or busses to work, I drive as my office is 20 miles away. We've considered moving closer to my work, but I hated my job until very recently. If I keep liking it, we'll reconsider. Also, it pays much more than one closer to where we are (40-50% more). We are both 30 and in good health. We have family near by and in a real emergency such as job loss, could rent our house at enough to cover expenses and move in with family (we have discussed this and are on the same page about this).
SO the question is - what would you do, in my situation, if you had an extra $3-5K and a $200/mo raise coming up? I am overwhelmed. My initial thought is STUDENT LOANS OMG, but I don't want to put myself into a situation where my heating system fails and I think "if only I hadn't been so aggressive with my student loans". Or not be able to retire because I failed to save early enough.