I’m sorry for your loss. Please shove it into a savings account in the hopes that you will now never need to carry a credit card balance again, since you have the beginning of an emergency fund.

My condolences on your grandmother. Paying off your credit cards is great. If you don’t have a cash account that covers bills and whatnot for 6 months, I would start there. In Canada i would suggest a tfsa or rrsp.

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Exactly! Let this be your buffer so that you can make a budget to save (and invest) significantly!

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Google high yield savings account UK. Typically online banks have better rates (3-4%)

Whatever you can find that has a decent interest rate or like in Canadian rrsp that helps with taxes; and like you already stated, easily accessible when shit goes sideways. 👍

Whatever you can find that has a decent interest rate or like in Canadian rrsp that helps with taxes; and like you already stated, easily accessible when shit goes sideways. 👍

Think of the money as yielding 20% as you won't be carrying a high interest debt. Emergency funds are a buffer to protect other investments that are less liquid from having to be sold and/or to help prevent going into debt

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