What to do with the money? - Mothering Forums

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#1 of 2 Old 01-11-2011, 02:42 PM - Thread Starter
 
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I just sold an apartment, and got a bit of money out of it.  I'm living with family & have very low living expenses right now, and will for the next several years.  Although there are no guarantees, obviously, this is a very stable living arrangement.

 

I won't be looking to buy another home for at least three years.  I'm working and will be able to save at least 30-40% of my income until my living situation changes.

 

So, my question is, what should I do with the money that I got out of the sale?  I've got all kinds of thoughts...put a chunk in a CD, and invest the rest?  Keep enough liquid for a year or so emergency fund?  Thoughts?  I won't have any capital gains to pay, as I've taken a loss, FYI.

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#2 of 2 Old 01-11-2011, 11:11 PM
 
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Do you have an emergency fund? I'd have that full first then CDS then Investing in that order when liquid cash appears. 

 


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