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Disclaimer: Repost because I included my gender in the title.
First, some background. My mom has been filing for her disability status for the last 5-7 years and finally won her case this week. She called to inform me that because I was listed as her caregiver for most of this time the Social Security office is sending me $12,000 (I am not sure exactly why, she was not very clear.) Of that $12,000, my mom asked for $2500 to pay off some medical bills, which I am totally fine doing.
The question is, of the remaining $9,500, do I invest it or just save it? I am afraid it is too little to invest with. Having no real experience in investing but I work for the county so they actually have financial planners on retainer in the county offices I can talk to. I was planning on taking a trip to Japan with my fiance in December so if I invest in something can I take the money out for my trip or is it locked for a few months/years.
Side note: I don't really believe in the validity of engagement rings but my fiance is very amendment about getting one soon. Is taking $1,000 out of that fund going to defeat the purpose of investing it at all?
$1,000~ ring and $5,000 trip but I had already planned to start saving for that (already at $1,000.) I make $1,800 a month and my expenses amount to about $700-$900 a month. Usually spend the rest on nonsense because I have been robbed many times growing up so having money not spent gives me a bit of anxiety so I’m working on that now with the help of my fiancé.
Edit: Japan trip is actually $2,500 for my half. And my actual monthly expenses add up to around $1000~
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