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Bequest Received in Full and Other Money Thoughts

November 8th, 2018 at 10:35 am

Today I received the second installment of the bequest from my grandparents' estate.

I put 90% into a Vanguard account.

The remaining 10% will be used to for home repairs for our primary residence. My thrilling purchase tomorrow will be a new bathtub. We also need to update the master bath shower. The realtor is coming 11/22 to advise on upgrades (repairs). We are giving ourselves 6 months for the repairs. Slow and steady wins the race I suppose.

My children each also receive an additional sum of money outside of the education fund. I will set up Vanguard accounts for them. I will divert 90% of the funds to that and then 10% to their local accounts. (All but the youngest have PNC Virtual Wallets - 2 checking/1 savings & debit cards).

I'm also making necessary repairs to the cars. Tomorrow it is brakes and front tyrods on one of the minivans.

I'm also contemplating supporting ethical companies as I'm decluttering and replacing some things. And in the spirit of declutter and moving towards minimalism, Christmas gifts for the kids will be an additional day on the family vacation. And one item to open in the range of $65. And new pajamas for Christmas Eve.

It will be nice to start January 2019 on solid financial footing.

3 Responses to “Bequest Received in Full and Other Money Thoughts”

  1. CB in the City Says:

    Although the loss of your grandmother was sad, it must be a relief to have a bequest that will help out so much. She would be so happy.

  2. livingalmostlarge Says:

    How much of a bequest for your children? Is it enough to make a huge difference?

    What are you planning on doing with your bequest? How does it change your plans? Does it affect only short term or has it changed your plans long term as well? You should write about how it changes things.

  3. frugaltexan75 Says:

    It sounds like you are being wise with your inheritance.

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