We are about to sell our home and we will bring in about $100,000 after everything is said and done. We currently live in one of my in-laws rental houses in another city that we pay the mortgage on. They consider it our home but they hold the loan.
Our plan is to take $20,000 and use it to pay off credit card debt and do a few things to our current house (add air conditioning, redo some flooring, etc). The plan is for us to eventually buy this house from my in-laws.
We should have about $80,000 after we do the above mentioned items and we plan to not touch it until we’re ready to buy again.
What is the best way we can manage this money? We’ve never come into this much money and we want to be sure we’re smart with it. We live in Oregon if that matters.
Thanks!
Submitted June 11, 2020 at 10:42PM by makinchanges89 https://ift.tt/2XUAdhP
