I just got the good news that I will finally get my compensation claim from a serious accident i had years ago. I'm really pleased and relieved and thought it might never happen however i don't know how to invest it wisely as i am not practical with money. It has come at a great time as my marriage broke up and i left my job and moved to be closer to family with my 3 young children. I have not got another job yet but hope to get part time supply teaching work in September.
I should get about 200k so should i just buy a house outright? I'd rather not as i'd like to help my family out a bit and not spend it all at once. A decent house here costs about 200k and prices are still falling. I'd rather put down a good deposit and get a small mortgage but might not get one without a job. Should i just wait a bit? If so where will i put the money. I wish i was savvy with the stock market but am v clueless.
I'd appreciate any good advice.
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Practical advice on what to do with money coming my way.
4 replies
haylady · 11/07/2011 21:53
OP posts:
Longterm ·
10/08/2011 13:11
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