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Over the weekend, my cousin called my brother to inform him that they will be selling off my grand parents estate and my late mum will receive a portion of it. We are to go and apply for Letter of Administration from the courts to be able to receive the inheritance. Not sure the details yet, dont know how much will be receiving as there are eight sibling. But thinking of it, brings a smile to my face. Hope that it will be a substantial amount. I also hope not to spend all of it away. Hope to keep it for retirement. Anyone been through this?

Hi folks, I need some advice here and I'm not sure does it really helps in my decision making but still wana give a shot and try. For some reason I inherited a sum of 45k. Tat makes me very excited and first thing that came into my mind is to change to a brand new car. Logically I shld not as I am not rich and this $$ though not a lot but will comes in handy and one day might save my arse if my housing repayment fail if for some reason if me or my wife loses our job. I mean anything can happen. But becos my believe is that if a person got too much to worry about or think about he will never enjoy life as there are too much restrictions in life for life is so short. 1) Shld I just dump all of this 45k on a brand new car and enjoy the luxury of owning a brand new car or shld I restrict myself and keep it for raining days? 2) my thinking was that becos of the ruling, we are force to pay 50% and a 5 to 6 yrs loan, tat means if I reAlly need cash badly, if I sold away the car, I shld lose 50% of my down payment (at least) I won't ended up owe the bank money right? 3) is it the right time to get a car now cos a lot of them days wait till CNY. A little background info of me: Currently driving a stream and if I sold away my car I can take back approx 20k so add on to my current 45k is enough for the new ride. Appreciate your advice on this Thks