So, I’m currently in the process of divorcing my husband, and one of the issues to settle is alimony. I can choose either a lump sum payment or monthly checks (indefinite unless I remarry, with adjustments for inflation). Opinions from people around me vary: some say the lump sum is better because it’s guaranteed, secure, and puts all the money in my hands right away. Others argue the monthly payment is better because it provides stability and consistent support. Personally, I’m leaning toward the monthly option, since I married young (at 20), never worked, and haven’t had much experience managing money. I worry I wouldn’t be “proficient” enough to handle a lump sum wisely.
Lump sum. If you die tomorrow, it also becomes void, so any living family will get nothing.
Use that money to help you get by until you have a job, or a skill that someone will pay you for (like Etsy).
The longer you go without work experience, the less hire-able you will be, so what will you do when you run out of money again?