I'm not sure I've made the right choices here, give me your input.
My father has a few loans (I decided to take charge of the situation before he kills himself):
>Bank A: 9670€
+2694€ credit card
>Bank B: 9324€
>Bank C: 18720€
>Bank D: 6132€
>some other unpaid expenses: 3286€
(mind this is not the amount he loaned but how much he has to pay still)
Now with banks A,B and C he already paid some interstes off,
so if I were to pay off one of those loans I could get much lower interest,
for example with bank A I know I'd need to pay only 8300€.
Few weeks ago I decided to move 12k€ from my investments so I could pay some of this shit off,
because right now he's paying about 870€ of rates monthly.
But I did that before realizing that now that he's retired he'll be making above 2k€ monthly with his pension and severance pay.
Now I'm already controlling his account so he can't go spend shit on hookers and cheap wine,
but still I don't like the idea of having too much money coming in.
Should I set a fixed amount to invest every month in a fund or should I just save up and do it in one go at some point in the future? wich option costs less generally?
Also I was planning to pay off bank D, the credit card from bank A and the other unpaid expenses even though he hasn't paid much interest on them so I'll have to pay the whole sum off, that'll lower the monthly rates to 550€.
If I paid the loans from bank A,B or C it wouldn't change much the monthly rates, but I wouldn't be able to pay the other expenses.
>TL;DR: OP IS AN IDIOT
>>3364507
Shit situation but it seems like you are on top of it anon
Bumping for you because fuck all the crypto threads
Go to /r/personalfinance a lot of wise guys there
>>3365038
This actually. They will help you anon .