I blew almost $40,000 in 5 minutes. Here’s where it went.
Do you remember the Monopoly Community Chest card that says “From Sale of Stock you get $45”? Well, sometimes those windfalls happen in real life too.
I got $41,194.20 from a stock payout late last year.
Here’s how I spent it:
I wrote a $6,000 check to pay back a short-term loan from a family member that we promised to pay back before December.
I paid off my graduate student loan. Total damage: $30,235.54.
I paid the $1700 balance off of a credit card that was accruing interest.
I paid the remaining statement balance, $956.63, off on another credit card.
I put $650 into a 529 account for Lu.
And that’s $39,542.17 gone. WHOOSH.
With the $1652.03 remaining I replenished the rental real estate reserve account as that was low.