I put my inheritance in a Vanguard fund I opened just for it. Feel free to just let it grow, use it towards a car, a new purse- whatever!

I have a great marriage, but I still think inheritances shouldn't be shared. Your parent also likely thinks you should have money of your own.

OP put it in your checking account, and then do what would you do if it were an unconstrained gift. Invest, CD, pay "half" of bills, buy stuff you want to own or gift.

Just put it in a separate brokerage account, invest it and worry about it later.

Invest it, don't put it in a savings account.

Do you have kids? Make them the beneficiary. Or I guess I'd make my Dad the beneficiary, and then my DH as the secondary in case my Dad was dead by then. Because honestly, once the money leaves his hands he doesn't get to say what you do with it.

I would try to keep it separate though, unless you really needed it for something.

A savings account in your name only. 20K is not enough to stress about re: your husband. Fulfill you Dad's wishes. He just wanted you to have some petty cash, or money just yours in case of an emergency. He's just looking out for his daughter in is own way.

Anonymous wrote:

Anonymous wrote:So many strings. I would give it back.

Eh, I offered to give it back but DH says the money is interchangable so I get 20k from my dad it's like issuing 20k less of our money (everything is shared)

This is the right way to think about it. Money is fungible.

Anonymous wrote:Invest it.

Yup. Say thank you and put it in a separate account for a rainy day. You never know...

What's wrong with having your own money?

Anonymous wrote:Invest it.

+1 Just let it grow and decide what to do with it way down the road.

Anonymous wrote:So many strings. I would give it back.

Eh, I offered to give it back but DH says the money is interchangable so I get 20k from my dad it's like issuing 20k less of our money (everything is shared)

Just choose a random brokerage and put 20k in a broad market ETF. You now have an extra 20k for your emergency fund.

Sounds like a personal emergency fund. Just put it in a money market account.

Invest it.

So many strings. I would give it back.

My dad is giving me 20k but he says I can't use the money for any shared household expenses, spend any on DH or even put it in a joint account. Kind of weird because he likes DH but DH is fine with the stipulation

My retirement is maxed out, I have no personal debt, i don't want to blow it on a solo vacation or towards a car.