Depositing 14,000 dollars worth of Cash. My Salary isn't high. Childhood savings.
Hello,
I am 23, I drive/own a car. recent grad... no debt over 500 dollars.
I make about 30k from my accounting job. I have about 8k in the bank. I only worked for 1 year. on top of that I have about 10k in cash that need to be deposited and I have 1k owed to me from reliable family members who uses me as a credit card for the family business when they are on vacation(100 percent return maybe plus a tip) also the goverment owes me about 3k goverment cheques(not cashed in yet). also I have 500 dollars face value bonds that have been expired and they have appreciated over the last 10 years....
As you can see I dont make alot of money. Yet I have a ton of cash to deposit.
Yet I have alot of liquid assets that doesn't have a paper trail. I have 10k when I was a kid.. when i was working for my parents business in real estate. It took me so many years to accumilate it probaly like 18 years lol... I have 1 years worth of salry.
I strongly believe that I will raise alot of red flags if I deposited all at once.
10+.5+4= 14,500 with no paper trail.
I am really worried.
I have a masters program though... that will cost me 5k a year.. 800 in professional accounting memebership fees and 1k in school books/year. I think i should blow all my savings that is not registered in my bank... on my masters program, accounting program and school books.
What do u think???
You might think why am I hording all this cash is because I want fund my masters program debt free... and also I want to buy a rental property in 3 years or less. Or possibly open a business in 2 years or less while i work full time.
I am 23, I drive/own a car. recent grad... no debt over 500 dollars.
I make about 30k from my accounting job. I have about 8k in the bank. I only worked for 1 year. on top of that I have about 10k in cash that need to be deposited and I have 1k owed to me from reliable family members who uses me as a credit card for the family business when they are on vacation(100 percent return maybe plus a tip) also the goverment owes me about 3k goverment cheques(not cashed in yet). also I have 500 dollars face value bonds that have been expired and they have appreciated over the last 10 years....
As you can see I dont make alot of money. Yet I have a ton of cash to deposit.
Yet I have alot of liquid assets that doesn't have a paper trail. I have 10k when I was a kid.. when i was working for my parents business in real estate. It took me so many years to accumilate it probaly like 18 years lol... I have 1 years worth of salry.
I strongly believe that I will raise alot of red flags if I deposited all at once.
10+.5+4= 14,500 with no paper trail.
I am really worried.
I have a masters program though... that will cost me 5k a year.. 800 in professional accounting memebership fees and 1k in school books/year. I think i should blow all my savings that is not registered in my bank... on my masters program, accounting program and school books.
What do u think???
You might think why am I hording all this cash is because I want fund my masters program debt free... and also I want to buy a rental property in 3 years or less. Or possibly open a business in 2 years or less while i work full time.