this post was submitted on 16 Aug 2026
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You get 50k dollars tax free no catch what do you plan to do with it?

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[–] JoeTheSane@lemmy.world 6 points 6 days ago* (last edited 6 days ago)

Pay off debt.

Edit: adding context

My wife recently lost her job to AI. She wound up finding a job that she actually likes, but at about 50% of her old salary. At the same time, I racked up some healthcare bills and we have a child trying to get out of the country for college, but of course the loan from Sallie Mae may not get to school in time for the first year, despite the fact we started the process about a year ago. About the only way we can think of to temper the loss of income is to sell the house and use the cash to pay off debt and live… somewhere.

If we could get out of the debt we are in, my wife would be able to keep her job and we would be able to help pay for college without selling the house.

Hopefully, we will find another way because ain’t nobody willing or able to give money away in this country lol