S3 E2: "I inherited money. Should I pay off debt, invest it, or blow it all on a car?"

TODAY'S QUESTION:
I’m about to turn 18 and I’ve really appreciated seeing all your advice and resources. I was unlucky enough to have a family member die a few years back, and they left me a good amount of money, reassuring but not life-changing. I won’t have access to it until I’m 21, so this is by no means urgent, but with all my preparing for independence I’ve started thinking about what to do when I can access it. I’ve looked at a couple of options: buy a car, pay rent for a while, set it aside for emergency funds, start my retirement account, and maybe enjoy some of it then. If I am thrifty, I could maybe do multiple of these, but certainly not all. With the caveat that I’m not sure what my situation re: debt and financial security will be in 3 years, what would you recommend?

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