I just learned that I inherited 30-40 grand. I did not expect this at all. Now that the shock has worn off a bit, I'm trying to figure out what to do with this money.
A few details about me: I'm 28 and just graduated college. I live in New Jersey. I started my current job last year and I'm making a little over 80k a year. I Have 75k in student loans (interest ranges from 3.5% to 10%). I am contributing 6% + company match to a retirement fund. I have minimal living expenses and have been throwing all my spare money at my highest interest loans for the past six months. I have a little over 10k as an emergency fund/savings.
I have a few ideas of what to do with this money 1) buy a sweet Camaro 2) put all the money into my student loans 3) use the money to buy a house. I have a friend who just bought a house with a 0 down mortgage and is renting out spare rooms to cover the monthly mortgage bill so he's basically living rent free.
Submitted March 25, 2018 at 11:13PM by pman354 https://ift.tt/2G8PG6Q
