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
by AnonymousNovember 26, 2012 at 10:53 PMI would talk to a banker
November 26, 2012 at 10:55 PM
Go speak with the financial manager at your bank.
by norwgnwoodNovember 26, 2012 at 10:56 PMI would give me the money. :-)
by Anonymous - Original PosterNovember 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.
Whatever lawyer is helping in the settlement will give you the advise you need on what to do with it
by AnonymousNovember 26, 2012 at 10:58 PM
by Anonymous - Original PosterNovember 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.
I would go talk to several bank managers to see who offers the best plan