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What to do with last money from inheritance
Posted on 4/26/15 at 8:44 pm
Posted on 4/26/15 at 8:44 pm
So my grandfather passed away several years ago and today I received that last money from his estate, 10K. So here is the run down. Married w/ 3 kids. I have about 10K in savings, 15K in student loans. We rent a house but plan on purchasing in <6 months. I plan to use a VA mortgage. Do i...
a) Put more into savings
b) Put towards student loans
c) Other
a) Put more into savings
b) Put towards student loans
c) Other
2
Posted on 4/26/15 at 8:47 pm to Kolbysfan
Student loans and save like hell after they're paid off (hopefully within a year).
Posted on 4/26/15 at 8:48 pm to TDsngumbo
Student loans are KILLING me in interest 6.6%. 2,500 in interest last year.
Posted on 4/26/15 at 9:01 pm to Kolbysfan
There's your answer, pay the high interest loans but be committed to saving once they are gone.
Posted on 4/26/15 at 9:06 pm to Kolbysfan
Use it to pay against the school loans no question.
Posted on 4/26/15 at 9:08 pm to PrettyLights
thanks for the advice.
Posted on 4/27/15 at 8:10 am to Kolbysfan
But the stu loan interest is deductible.
Posted on 4/27/15 at 8:59 am to hungryone
quote:
But the stu loan interest is deductible.
Definitely pay down those puppies. 6.6% is nothing you want to hold onto right now.
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