Help! Not sure of the best thing to do with inheritance

kauto

bostonerimus wrote: »

1) Adjust your spending so that you don't incur anymore debt.
2) Pay off all your debt......You could wait to pay off the 0% debt, but I think it's best that you just clean the slate and make sure you don't add to it ever again.
3) Put up to six months worth of spending into a savings account as an emergency fund
4) If you have anything left put that in a saving account or a LISA for the house deposit.
5) Save regularly towards your deposit.
6) If you can do this and you find yourself with a any spare cash open a stocks and shares ISA with Vanguard and put the money into something like a Vanguard Life Strategy fund.

I second this! such great advice.
Look at this like an opportunity to have a clean start and build up some assets. There is no two ways about it, debt is a liability.
Also maybe have some quiet self-reflection on spending habits. :money:

BBSR

Thanks everyone, especially kidmugsy. Solid advice that makes a lot of sense to me.