Coming into some money

mountainofdebt

Looks like we will be inheriting some money soon (should be nearly £3K but for various reasons the actual sum will be under £1k) and was wondering what people would do with it.

Becuase of its source I don't want to throw it at the debt mountain even though I know that that would be the sensible course of action....I want to do is either save it or be able to look at something tangible and say that was what the money was spent on.....was thinking of windows which really do need replacing.

What do people think of putting the money in premium bonds until we have enough for the windows? Or is my train of thought completely off track????

lynzpower

Weve got 100 in premium bonds, its not a bad idea, especially if you think you cant be trusted not to use the money for something else.

IN saying that thou you might want to consider somehere with a more reliable return even the bog standard cahoot saver is 4.89 i think, you might as well get something for your money

rog2

I don't think most people would blame you for not wanting to throw all of your windfall at your debts, especially if you are managing them reasonably well. Perhaps if one of your premium bonds came up you could obliterate the mountain.