Depends upon your age . . . At my age (50), I would most likely put half into retirement, and plan a nice Vacation to Scotland or Ireland with the other half.
Receiving 10,000$ from a family plot of land that was sold. What would you do with an extra 10,000$?
Put it away for the next disaster that happens.
You should seriously consider giving the money to Hippy.
Put it in the bank in a term investment (gets better interest) and if you have an emergency you can borrow using that as collateral.
I would put most of it in the savings account and the rest in the checking account.
Save some, spend some on a vacation, and take care of expenses I've been putting off with the rest (like getting a passport)
Iur last trip to Italy (about a month) was in 2006 and cost us about $10,000. The Euro was $1.35. Now the Euro is $1.09, so the $10,000 wouold ceertaibnly finance anorther month in Italy.
Is that net after taxes?
Pay off your highest interest debt. Put away a little of it for those rainy day emergencies.
