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A user wants budgeting apps to include features for tracking and managing inherited funds, as they are unsure how to best utilize a $220k inheritance. This would help users manage large sums of money more effectively.
My wife and I will be inheriting about $220k and we are wondering what’s the best use of the inheritance. Below is a small snapshot of our financial position. \- 45 and 38 years old \- $139k HELOC balance \- mortgage on investment property is $36k @3.25 \- mortgage on primary is $375k @3.25 \- no credit card debt \- $1.4 in 401k \- $250k in investments Appreciate anyone’s input