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How to use my settlement

lovelylouca · 2017-10-31 10:53:10

Hello. Hoping that some helpful creative brains can help me clarify how best to invest/save/budget. I have recently left work after the job I jad done for 5 years had changed and was no longer practical for me to do. Work agreed to pay me 30k tax free and a further 10k net wages. I am a single mum to two young children and…

Comments

Malthusian Posts: 11,055 Forumite

1 November 2017 at 5:20PM

If it's foolish not to stooze then call me a fool.

The OP has not said when the 0% period ends (and it would be unwise to assume she can get another, especially as she is now unemployed) so the interest forfeited by not stoozing may be negligible. The psychological benefit of knowing the debt is paid off can easily be more valuable than the lost interest.

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