Hi PF,
I am a 23 year old graduate working part time and I have just received a final payment of nearly $50,000 from a child investment plan that I didn't know about. I'm very lucky to have been given this and plan to spend it wisely. I'm currently weighing up options on what to do!
What I think my options at the moment are, I can pay off my student debt completely to avoid interest (which is between %1.5-2 depending on the year) and invest or I can invest all my money except about $10,000 for an emergency fund. The second option also including me having mandatory repayments to my loan when I have a full time job but incurring the interest payments over the years.
Also maybe an important factor I have to take into consideration is that I may be losing my part-time job because of shift cutting and I could potentially be going back to study again.
Thanks for advice in advance.
Submitted January 27, 2017 at 06:13AM by Temwazhere http://ift.tt/2kaEASZ
