daneenkareem
New member
Myself and my wife received a belated wedding gift of 5k from a relative recently. We are both renting, v little in savings, approx 4k atm, have 10k loan left to pay. Both in good jobs (combined income approx 120k gross)
My inclination is to split the gift, 1/2 in emergency fund, 1/2 off loan.
Neither of us are v financially literate but improving all the time. This isn’t a life changing amount of money but would appreciate any thoughts.
My inclination is to split the gift, 1/2 in emergency fund, 1/2 off loan.
Neither of us are v financially literate but improving all the time. This isn’t a life changing amount of money but would appreciate any thoughts.