As the title says,
Recently a family member passed away and I received a life insurance payout of 50k (US).
Currently I plan on moving to a cheaper apartment and now have a little bit to be able to accomplish that.
I would like to put away 30k minimum, pay off 3k in debt for some medical expenses incurred this year, use probably around 5k for moving, buying a few things that I would like to have, giving 1k to family, and adding $500 to my secured CD credit card that i have leaving the remaining 11k for cushion in case something happens and I need immediate access to some money.
I would like to use that 30k to start a fund that gains interest and could be used later on. I already have money going from my paycheck into my 401k and would like to invest in something else that doesn't require a huge amount of attention as i really don't want to be playing with stocks or anything volatile, but would like to see an ok return on my investment.
any guidance would be greatly appreciated.
Submitted December 26, 2019 at 12:05AM by rendomaccount3937282 https://ift.tt/2ES3Juj
