We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Possible 40000 inheritance.
Comments
-
Hi,
im really sorry for your loss, it’s hard to cope with that in itself and everything that comes with it.
we have recently inherited some money too, my poor hubby lost both his parents within 6 weeks.
its been gruelling emotionally and physically so I get it.
Ive always suffered from depression so feel for you as you would think getting a large windfall would make everything better, but it leads to its own problems.
I think paying off mortgage is a huge psychological boost. We paid off our last one a few years ago and i have to say it felt amazing!
we are very blessed to be able to pay this one off with inheritance this time and do feel so lucky. However I’m not sure whether to wait 2 years until end of fix or just pay redemption, still debating that one.
Have you a fixed rate? When does it end?
what is your mortgage rate?
i personally would still pay it to get rid of cash and Follow advice about updating house, newer car etc, anything that will save you money.
i bought solar, it’s the best investment I made.
then I’d find a private therapist and do some work, treat yourself to self care.
CBT is also good to try and break negative self thoughts you have.
your parents would want this to be a blessing, not a curse.
Later you might feel you can work. Find something you love, I’d like to work in a little coffee shop 😊
whatever helps your mental health 😊
MFW December 2026
Initial mtg £100,000 Jan 2021Final payment made balance £0 May 2026
mortgage free part II done!
retirement planning started June 26
H&L share ac started.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.8K Mortgages, Homes & Bills
- 179K Life & Family
- 263.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards
