Last year my uncle, who I loved dearly, passed away from lung cancer - well, that's what you get when you are a surgeon who knows better but choose to smoke all your life. Anyway, in his will my uncle left me, my brother and my sister a sum of $10,000 each, and last week I received this amount by cashier's check.
The circumstances of getting the money suck, but now that I got it, what should I do with it? For now it's just sitting in my bank account earning interest at a rate of about 3 cents a decade. If we had any debt I would use the money to pay it down. But we have no debt. I am not a big believer in using windfall money to go on a shopping spree. I am not the shopping type, and we pretty much buy everything we need or want from our regular income. I suppose I could use the money to buy a new car - but my current vehicle still has 4 wheels and it moves forward when I press the gas pedal. I think the junk car stays.
I guess I could invest or save the money, that's my inclination anyway, but it seems like something is missing. There should be a bit more to this than sticking a $10K check into some index funds. I'm still trying to make up my mind. Any suggestions out there?