Inheritance
Have inherited $400,000. Half is to go to between 3 children, handed over when they're 18. They're currently 9, 11 and 2. Currently have no debt and am not a home owner, in our 30s. Have combined kiwisavers of $150,000.
Am very financially illiterate and irresponsible.
Any help or advice would be much appreciated. Wanting to buy a house, but not loving what the repayments will be on a 4 bedroom place in Auckland.
edit: should add me and my partner earn about 100,000 a year each