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Anonymous
Help me think this through logically. IF you wanna be a b****, thats cool too, I'll just weed out the b*tchiness.
by Anonymous
November 26, 2012 at 10:50 PM

 My husband and I are going to be receiving a settlement. We have NO idea about the amount yet, but we are thinking it out long before we get it so that we can have the plan, and do it.

It could be anywhere from 30k to 300k. We really have no idea. So we are PLANNING the 30k and if it is more, we will put much of that into some form of savings until we purchase a home so that we will not have a mortgage payment.

My question: What is the best (in your opinion) plan on savings. Regular Savings is great for smaller amounts, but we are not wanting to waste the time with such a low interest on a larger amount.

Any advice would work too! :D

Replies

  • Anonymous
    by Anonymous
    November 26, 2012 at 10:53 PM
    I would talk to a banker
  • FL2AK
    by FL2AK
    November 26, 2012 at 10:54 PM

    Go speak with the financial manager at your bank.

  • Ms.Pink.
    November 26, 2012 at 10:54 PM
    Whatever lawyer is helping in the settlement will give you the advise you need on what to do with it
  • Love060708kids
    November 26, 2012 at 10:55 PM

    This

    Quoting FL2AK:

    Go speak with the financial manager at your bank.


  • norwgnwood
    November 26, 2012 at 10:56 PM
    I would give me the money. :-)
  • jessistarr85
    November 26, 2012 at 10:57 PM

    I would go talk to several bank managers to see who offers the best plan

  • Anonymous
    by Anonymous - Original Poster
    November 26, 2012 at 10:57 PM

     he said he thinks he should use it on his degree. That is all he has said, but we both don't agree because we can pay for that with his paychecks.

    Quoting Ms.Pink.:

    Whatever lawyer is helping in the settlement will give you the advise you need on what to do with it

     

  • Anonymous
    by Anonymous
    November 26, 2012 at 10:58 PM

    Roth IRA? 

  • heydooney
    November 26, 2012 at 10:59 PM

    I have an account you could put it in.

  • Anonymous
    by Anonymous - Original Poster
    November 26, 2012 at 10:59 PM

     we will definitely talk to multiple bankers, but I want to go into it knowing more information. I just don't know where to start on researching the different account types.

    Quoting jessistarr85:

    I would go talk to several bank managers to see who offers the best plan

     

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