The short version is that my wife and I are recent graduates, no kids. ~40k in student loans, no other debts. Because of the suddenly increased income we've realized with graduation, we have about $2500 left a month after all of our obligations. We've been putting in in a low return Money Market account so that it is available for emergencies and a down payment on a home (we'll probably be looking next summer when we confirm whether I will be at my current job long term or not). My employer offers 401k matching, and I'm investing to meet the match but no more.

Any general advice would be welcome. Also, any advice on what would be best in our situation (pay off loans, only save 20k for down payment on home and put rest in 401k or whatever investment).

TIA.