We’re in our mid-30s with three kids and just inherited $80,000 - what’s the smartest way to use it?

We’re in our mid-30s with three kids and just inherited $80,000 - what’s the smartest way to use it?

New heirs shouldn’t blow the windfall headed their way, even though it’s tempting. Undoubtedly, it’s fine to allocate a portion of one’s inheritance towards pricey, fun goods or experiences, provided one “pays themselves first” and is in otherwise decent financial footing. Undoubtedly, with tariffs, stagflation, recession, depression, and other concerning terms making headlines while floating around social media, it would be a very smart idea to…

Banks can dodge a 2022-style hung debt disaster

High-yield borrowing costs have spiked, raising memories of the $80 bln of loans and bonds that got stuck with lenders three years ago. Yet the leveraged buyout backlog is smaller now, and the credit market moves less violent. A mild headache is more likely than a nasty hangover.