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

Posted on 11/30/14 at 12:08 pm to
Posted by BACONisMEATcandy
Member since Dec 2007
46644 posts
Posted on 11/30/14 at 12:08 pm to
Do you have a 6 month emergency fund? That is where I would start after you paid off cc debt. Then Roth/ 401k.

You've Likely already paid most of your interest on the vehicle (depending on how long you've had it). They put most of the interest on the front end so that may not be the best way to use your money but the peace of mind maybe worth it to you.
Posted by tduecen
Member since Nov 2006
161244 posts
Posted on 11/30/14 at 12:17 pm to
6 month? No, I keep enough in it to pay all the bills for at least 2 months though.

I don't know much about Roth, how is it different than a 401k?
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