I just came into a wad of money... What do i do?
I'm in school full time. Im also a single mother. I live with my parents, so im not paying any bills (thankful for that!). Yesterday, a check came in the mail from my school for $3,200. I was completely taken by surprise. I had no clue what it was for until i called my school. They told me that financial aid coveres my tuition and whatever is left over, they send to me in a 'refund check'. The guy on the phone explained more in detail that some is from the grant and some is from the loan, but until im dont with school, i wont know the full amount. He also said i'd be getting a check for every semester that financial aid pays for my tuition.
As an entrepeneur at heart, i would love to start my own business (on the side of course) and be able to stay with my daughter at home. I currently work part time, but everyone knows that those hours arent guaranteed.
I know i have responsibilites and it wouldnt be the wisest choice to put the money into a business and then it fails. But if you dont risk something, you dont get far, right?...
How do the rest of you feel? If this was you and you knew you'd be getting a check every semester, what would you do with it? What should i do?