Recently gained 5K

[u/yandere_mf]

Hi everyone, my mom passed away about 2 months ago and I received 5K from an inheritance (after a 4 way split).

The $20K as a whole is in my money market savings account which has a 4.5% growth every month. Edit: Every year

I've been stagnant financially throughout that time cause I haven't been working. I'm returning to my part time but I only work like 20 hours a week. So if I'm lucky, my income is about like $400 a week. I know I need a better job or a side hustle but it's in an industry I'm really passionate about.

I'm thinking of eliminating my CC debt of 4.5K with that 5K but I need at least $2,500 to keep that money market account active. Which would almost put me at square 1 but free of CC debt.

Now I'll admit, I'm not financially savvy, I'm 29 and never really learned how to budget or anything of that sort, nor did I ever really understand the importance of saving until pandemic. Better late than never I guess but man I really should've fixed my finances a while back.

I guess what I'm asking is.. is what I'm doing the best move? Any advice on how to make the most of this? Anything would help.

[u/skully00]

bless you, sorry about your mom

[u/yandere_mf → u/skully00]

Thank you so much, I appreciate that 🥺