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Reply to "How would you pay for these things?"
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[quote=Anonymous][quote=Anonymous]Pay off the HELOC and necessary repairs with the inheritance. Pay off your home with the rest/emergency fund. Put all your monthly mortgage payment into savings/investments going forward and plan ahead for future car purchases so you can pay cash for them instead of borrowing on your home.[/quote] Thanks. I don't see the logic, however, in paying off our home with the inheritance, because it would leave us with few cash reserves, and because it would cause me to lose sole claim to the inheritance as mine (rather than as marital property). We can pay cash for car purchases if we wish - as you can see from the above posts, we are conservative and diligent about saving. We thought (and still think) it made more sense to use the HELOC. [/quote]
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