Hello everyone
I hope Im in the right area.
I am going to be recieving a fair amount of money and I have no idea what to do with it!!
I was going to see a financial adviser but since looking at the fees Im not sure the amount of money I have come by really warrents the fees I would need to pay for their advice!
I currently have bills that are over half the amount I am recieving.. Would it be best to pay off the bills and then invest the rest of the money?
If I invest without paying off my debts I want to be able to use the interest earnt to go on holidays and go towards paying debts etc. But if the funds are placed in a term deposit at 8.40% over 2 years I will only have earnt $4100.
Is there a better way to invest the funds? Or is there something else I should do that I havnt thought of?
Im so scatter brain with ideas Id really like anyones opinon...
Thanks and sorry if this is in the wrong area...
Sonia
I hope Im in the right area.
I am going to be recieving a fair amount of money and I have no idea what to do with it!!
I was going to see a financial adviser but since looking at the fees Im not sure the amount of money I have come by really warrents the fees I would need to pay for their advice!
I currently have bills that are over half the amount I am recieving.. Would it be best to pay off the bills and then invest the rest of the money?
If I invest without paying off my debts I want to be able to use the interest earnt to go on holidays and go towards paying debts etc. But if the funds are placed in a term deposit at 8.40% over 2 years I will only have earnt $4100.
Is there a better way to invest the funds? Or is there something else I should do that I havnt thought of?
Im so scatter brain with ideas Id really like anyones opinon...
Thanks and sorry if this is in the wrong area...
Sonia