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I let's start -- -- with Baltimore Maryland this evening Carolina is where this -- Carolina how -- you.
I gave thanks for taking my call on doing well how can I help tonight.
My husband has received -- 32000.
And we're not really sure what to do it that we're pretty much paralyzed with the thought of it yeah.
And why does it paralyze you.
Look we're not used to any money hop as this seems like a lot.
If it does the -- it in twenty years we've never really had any dispute about money but -- weird.
He wants to buried in a hole and forget about it and and I think there's a wider.
Why do things to do -- that and -- How do you guys been doing -- money before this came.
We're doing well we have manageable debt to.
-- -- -- -- credit.
This -- huge for home improvement and a car pavement and you know credit card balance.
We did have a daughter and move college saving them how machine we.
She's thirteen whom she -- forty years until high school graduation.
How much on the credit.
-- credit we have 24000.
And how much on this car.
-- which oddly enough equals 32000 dollars right and okay.
And and the daughter and and what else is in the picture that I need to know about.
I'm actually oh what how little don't come.
Out heavenly guide how much -- your house I'm.
And it definitely.
And how much money you have saved.
In our savings account probably 7000.
If he does have a requirement savings account through work he doesn't actively participate.
Be -- his employer does.
But yet some money for you right now about a 127000.
-- -- and what are you wanna do with money.
I of course think we should pay off debt save for retirement and college.
I'm the one more conflict did I want to hear it my and hit his.
Money everything he has been our money but did that specifically is from his -- Him and me because it hit sacrifice -- over the years I would really like for him to blunt some of it.
-- -- be something for him you know travel he -- travel and hasn't really.
I only work part time.
And he -- didn't work until my daughter went to school and now she's been eighth grade.
And it's time for me get back to work like our debt is manageable as far as I'm concerned.
It would be great to pay it off.
Be debt free but I'd also like for him.
That the pilot.
So I'm I'm more control it didn't like it that he would prefer not to even think about it.
-- -- Intent well two or three times you're told me how manageable your dad is what you make 80000 dollars a year you have nothing to show for the 7000 dollars your name and two big -- -- -- -- -- -- very manageable.
And I don't think you guys have done a great job -- money.
Mom I'm unimpressed.
To be honest with you and I'm saying that's because -- wake you up a little bit -- -- rotting along here at the level of mediocre.
And you're gonna trip and fall.
One little thing is gonna happen and you have no margin in your life.
And so and that's what concerns me greatly and honestly this money is gonna just disappear like water and the sand.
That's going to be gone.
And assuming nothing to show for it.
Even if you use it to pay off debt if you guys continue to handle money and spend everything you make like you've been doing and then some.
Buying cars and other things that you can't afford on lines of credit and that kind of stuff.
And and you know continuing have nothing but 7000 dollars to your entire name -- make an eighty grant you gotta do better than that a great thing.
OK so if if you address all of those things he'll get to travel.
And she'll get to go to college.
If you don't address all of those things it doesn't really matter what we do with this money.
Because it's just going to be gone.
I mean you can pay off the debt but it'll come back and need to keep living like your living.
He can travel on the money will be gone and you'll look up -- patio furniture and something else money it was the middle just slip away from me.
And no matter -- 32 -- not enough to change your life.
80000 -- here is not change your life.
If I could get you guys.
To turn up your care -- -- where you care more about handling money and you never use the phrase manageable debt again.
-- -- there's such a thing.
The and you got on a written budget and you got out of it and then I would tell you to pay off this debt.
And I'll tell you build up your emergency fund and until you start saving for retirement the start saving for this kid's college all of that's more important than his travel.
And anywhere in there he can save up 3000 bucks in the oval -- That you need an emergency fund three to six months of expenses you need to be debt free -- your house before you do those things but don't go do that and then keep living how you're living.
So what I'm saying is is that my advice on that one little thing is not gonna work.
It has to be holistic approach to your whole life and if it is then this 32000 could be a great blessing because it made you.
The issue of you got this kind of living along at the OK level.
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