I’ve recently gotten a settlement of 100K. I have about 20K in debt and I’m a single parent and I’m a renter. I’m currently doing cash jobs as I was laid off a few months ago and I’m also doing a course during the evenings to try and secure a job in the near future. I need to move soon and I have no idea what to do with this money.
Do I pay off my debt right away? And once I do, what do I do with the rest of the money? I read so many conflicting things online and I don’t want to get it wrong. Do I just put everything in the savings account and leave it there for emergency? Do I invest any of it? Do I pay a year rent and not worrying about having to pay for rent for a year? Do I throw it in a pool and swim in it like Scrooge McDuck? Desperately needing some advice here.