In about a month I turn 21 and at that time I am set to receive about $70,000 from my deceased father. In June I will graduate from University with only about $13,000 in loans, with a degree in international relations with no serious plan for the future. Growing up my mom was unemployed and in high school I was the major provider for our household - I have no clue what I am doing. As of this moment my idea has been to save about $50,000 in some sort of long term fund/account that can collect interest so it will grow, then pay off my school loans, then use the rest for whatever I want; which will likely be travel, a new car, and/or as a cushion while I look for a job.
tldr: I am looking for advice on what to do with $70,000 and I have no prior experience with large sums of money. Help me please.
Submitted January 23, 2017 at 07:27AM by FeraRoche http://ift.tt/2jT8eMr
