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re: Coming into a small inheritance.. what to do with it? UpDated
Posted on 11/29/14 at 11:49 pm to LSUShock
Posted on 11/29/14 at 11:49 pm to LSUShock
quote:
Definitely pay off your debts first.
With the other 9k, be smart with it, but take small chunk and do something you have always wanted to do or couldn't do financially on your own. I'm not talking but a TV or install a hot tub. But go to Ireland or The Masters if you have always wanted to or take your GF/Wife to the Caymens. Enjoy some of it.
You realize those suggestions are probably 10k vacations.
3
Posted on 11/30/14 at 9:08 am to TigerDeBaiter
Trip to Ireland can easily be done for 5k. I have no idea on the Masters since I don't know the cost of attending the event. I would imagine it would be even cheaper.
Unless you are traveling with a family, I find that people significantly over value the cost of international travel. You can go by yourself to basically anywhere in the world for a week for about $3500. If you consider the food you eat a sunk cost that you would have spent regardless (because you need to do it anyways to survive) then you can knock a few hundred off that estimate.
Unless you are traveling with a family, I find that people significantly over value the cost of international travel. You can go by yourself to basically anywhere in the world for a week for about $3500. If you consider the food you eat a sunk cost that you would have spent regardless (because you need to do it anyways to survive) then you can knock a few hundred off that estimate.
Posted on 12/1/14 at 12:10 am to TigerDeBaiter
quote:
You realize those suggestions are probably 10k vacations
You don't know much about traveling internationally. Maybe if he wanted to stay at the Ritz and drink €100 wine every night. I spent 57 days in Europe for 5k. Now it was far from luxurious, but I was very comfortable and could have done it cheaper. He could spend 2.5-3k and have a great 10 days damn near anywhere in Europe, especially this time of year. Caymans are a little pricey, but anywhere else in the USVI are could be done for a reasonable amount.
Point is, enjoy it some of it. Your parents would have wanted you to. Watch is a cool idea, but I'm more of an experiences guy. Either way, hope the inheritance takes a little pressure off.
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