I still can't believe that I won a scratcher, but the deal is "$1k/mo for 10 years" which translates to $12k(one payment)/year for 10 years, or $60k upfront
I'm roughly $8k in debt ($20k including my car), I plan to use this money to help finally put me through college (while still working of course, but far less hours)
Should I take the 60k lumpsum, or take the 12k/year?
EDIT: *Added clarity
thanks guys for all the suggestions, I decided to go with the annuity. I've been working towards fixing all of the problems above, and I figure an extra 12k/year definitely wouldn't hurt. Thanks again everybody, I really appreciate your advice.
Submitted May 21, 2018 at 07:18PM by RandomLuck52118 https://ift.tt/2IDo07k
