“You just inherited $1,000,000 from an aunt you didn’t even know existed. What’s the first thing you buy (or otherwise use the money for)?”
The first thing I would do is pay off all of my house, student loans, car and other bills. Pay 10% to a charity or charities, if we don’t belong to a Church. Most likely it would be charities that help start businesses in poor area, support foster care, animals and the environment. The second thing I would do is to pay back anyone that has helped me in my life if I can find them all. Any remaining money would be put into a savings account and trust funds for my grandchildren. And I would help out my family members with paying some of their bills. Especially my In-laws as they have done so much for us. I know I could not sleep well if I did not try to give back for the help that I have gotten by helping others and paying what I owe.