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re: Coming into a small inheritance.. what to do with it? UpDated

Posted on 11/29/14 at 3:24 pm to
Posted by Double Oh
Louisiana
Member since Sep 2008
18033 posts
Posted on 11/29/14 at 3:24 pm to
if you dont have an emergency fund then the 9k needs to go into your emergency fund. if your 16K in credit card debt i would say you probably dont have one.
Posted by bayoubengals88
LA
Member since Sep 2007
19010 posts
Posted on 11/29/14 at 3:25 pm to
quote:

if you dont have an emergency fund then the 9k needs to go into your emergency fund. if your 16K in credit card debt i would say you probably dont have one.
As boring as it is, this is the correct answer.
Posted by tduecen
Member since Nov 2006
161244 posts
Posted on 11/30/14 at 11:25 am to
quote:

if your 16K in credit card debt i would say you probably dont have one.
No that is credit card + vehicle and my main debt is student loans which I am not overly concerned with.

I currently have a 401k through my employer which I put money in each pay period and set aside 5%-10% of my check into a savings/emergency account. That account is what I use to pay for school/vacations/or any emergency currently.
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