My older 2 kids (16 and 17) are hoping to get jobs for the summer. They have volunteered to contribute 25% of their income to the household with the rest going to save for college tuition, missions, etc.

Regardless of the source, in general should I slot that money to pay monthly bills, or use it towards debt snowball? Right now, we are good, but by the end of summer, those little bits may add up to paying September’s month’s bills (about $1k a month.)

I’m just not sure which is the best course?