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Mom Confessions Mom Confessions

Help me think this through logically. IF you wanna be a b****, thats cool too, I'll just weed out the b*tchiness.

Anonymous
Posted by Anonymous
  • 66 Replies

 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

Posted by Anonymous on Nov. 26, 2012 at 10:50 PM
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Replies (1-10):
Anonymous
by Anonymous on Nov. 26, 2012 at 10:53 PM
I would talk to a banker
FL2AK
by on Nov. 26, 2012 at 10:54 PM
2 moms liked this

Go speak with the financial manager at your bank.

Ms.Pink.
by on Nov. 26, 2012 at 10:54 PM
1 mom liked this
Whatever lawyer is helping in the settlement will give you the advise you need on what to do with it
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Love060708kids
by on Nov. 26, 2012 at 10:55 PM

This

Quoting FL2AK:

Go speak with the financial manager at your bank.


norwgnwood
by Platinum Member on Nov. 26, 2012 at 10:56 PM
I would give me the money. :-)
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jessistarr85
by on Nov. 26, 2012 at 10:57 PM
1 mom liked this

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

Anonymous
by Anonymous - Original Poster on Nov. 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 on Nov. 26, 2012 at 10:58 PM

Roth IRA? 

heydooney
by Silver Member on Nov. 26, 2012 at 10:59 PM
2 moms liked this

I have an account you could put it in.

Anonymous
by Anonymous - Original Poster on Nov. 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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