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What to Do with $2500
Asked by L.T. from Dallas
on March 24, 2008
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My dad gave me $2500 yesterday. This is money from my grandmother's estate that he decided to share with me and my sister. I do not "need" the money. What should I ...
Answers
- I totally agree with the other mamma.....pay off any debts first...any debts....then whatever is leftover...put into an IRA! yea!! congrats on the windfall!
- Sounds like you are thinking responsibly. When we have some extra unexpected money, we automatically stick it away for our daughter. We are firm believers on Pre...
- I would put it toward any debts first. If you don't have any, then invest it into a Roth IRA or traditional IRA for your daughter. Compound interest will make it int...