I just received an inheritance, what should I do?
I just received about 20k inheritance. I’d like to pay off some of my debt.
36k student loans , 16k car loan, 10k personal loan, About 8k between 2 credit cards
I am planning to pay off the total balance on my credit cards first. I kind of feel that I should meet with a local financial advisor? I’m just not sure what my next step should be. I am planning on waiting a bit before doing anything just in case something weird happens with the money (it’s kind of a dramatic situation).
What would be the best thing to do with the rest of the money? Should I just dump it all in the rest of my debt? What should I prioritize? I want to use this as the turning point for my finances. Most of my debt (besides the student loans/ car loan) accrued because of a surgery I had in 2021.
Obligatory I’m on mobile, sorry for formatting