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Sunday, July 6, 2025
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GUY INHERITED $20K, WANT GO ON CRAZY SHOPPING SPREE: “I’VE NEVER HAD SO MUCH MONEY BEFORE”

I just received an inheritance of about $20k and I have no idea what to do with the money. I am unemployed. I had a few grand in savings to start with. I live alone and can generally afford to pay the bills, for now.

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I need/want a few things like: new phone, PC, PS5, new clothes, laser hair removal. So maybe… $5k worth of goodies?

But what to do with the rest($15-$20k)? Is there a way I can turn it into more money, with little risk? At the moment I’ve got it in a high interest savings account.

I’ve never had this much money in my account, and although I’ve always been sensible with finances, I really don’t want to blow it.

What would you do with $20k? Any advice is much appreciated!!

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Netizens’ comments

  1. OP, if you’re unemployed with only a few thousand in the bank, I wouldn’t recommend spending $5k on goodies. Make sure all of your bills are caught up, give yourself $1k and put the rest in a high yield savings account for the inevitable expenses that come up. You’re not going to find little risk in any investment that may make more, and you may wind up losing money.
  2. Separate your needs from your wants. As with any windfall, you should pay off debt first, then invest.
  3. Instead of finding an excuse to spend the money, I’d find an excuse to save it. Sure, go spend $1,000 but you should really consider saving most of it for the long term.
  4. Everything you named off is maybe 3k unless you go really to town on the PC and clothes. You can do a pretty decent budget build with something like a 12700K and 4070 under $1,500. You really don’t need the PS5 if you make a decent PC but still I guess 500. Spend another $500 on clothes. I’m only up to $2,500 so far

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