Not sure if that’s the correct flair and i’m on mobile so excuse my formatting. So here’s the background, when I was in middle school I was playing tag with a few friends and I tried to stop myself on a fence. The fence pretty much caved in and next thing you know I’m pouring blood from a 3in-ish gash on my face barely missing my eye. Had to get 19 stitches to fix the whole mess. Looks alright now but, I do get asked about it from time to time. Had to go to court and testify and all that while my school and the parks department blamed each other for the situation. Long story short I settle for just over 20k, the lawyer takes his cut and here I am with a payout of a bit under 20k that I don’t get until I turn 18 (thinking back now I probably could have gotten more if I pushed more but, eh I was like 13 and 20k looks like a lot to a 13 year old poor kid and it’s not like my parents knew any more than the lawyer was telling them) and it has collected a tiny bit of interest in the shitty savings account its in.
When I turned 18 I was reminded of my money, went down with my mom to claim it and moved it to a savings account in the bank my family uses and took out some money to buy some things for college. After that spending i’m sitting on about 16k and haven’t touched the money since those original purchases. I’m so worried about wasting it all on purchases that wont matter when im out of college and in the real world. I’ve had family members get much bigger payouts from a car accident and literally wasted it all on yeezy’s and hypebeast clothes that wont matter long term. They also fell into the trap of giving out money to every family member with a sob story, my mom made me keep the exact amount of money I had a secret for that very reason. Flash forward 2 years and here I am with this money that is just sitting there with no plans for it.
I know my final decision shouldn’t be based on what random redditors have to say but, i’m hoping to at least get a sense of direction from speaking to individuals that are far more knowledgeable about finances than I am on this subreddit.
Submitted July 06, 2020 at 08:02PM by Acid-Warped https://ift.tt/3e5RIR9
