This is a big life-changing event for me. My mother, grandmother, and I have lived in the same house ever since my parents divorced when I was 15. We’re lower-middle class and my dad passed away when I was 18. I’m currently living away from my home town while in college, 2 years left to go (will probably graduate with around $30k debt). So I’m definitely going to use a chunk of that for school. I’m a graphic design major, so I would like to either design for a company or have an at-home freelance design business. I basically just don’t want to spend all the money on big ideas or nights out shopping and not have anything saved up for emergencies. I’m working on building up my credit score (730-ish) and may end up moving back home for a few years after graduation, since my mother and I inherited his house and 30 acres of land (my mother is also getting around $100k, as well as my grandmother). She plans on using her money to fix up the house since he hadn’t cleaned it or bought anything new in 20 years, and my grandmother will most likely go to some kind of senior housing. If I don’t end up living with my mother, I’ve always wanted to build an energy-efficient tiny house to save money in the long run.
Should I start investing in stock? Should I invest in creating a business? Should I just keep it in the bank? I’d like to be able to use the money to make money. Any advice is appreciated.
Submitted March 12, 2019 at 02:45PM by TheOtherKC https://ift.tt/2VSR80z
