Greetings,

i write to seek your opinion.

my nephew(26years old) is in receipt of kes 100k bonus payment from his employer and has several mutually exclusive options on how to utelise the same.

1.Use the funds for roofing his incompleted house/simba in the village.estimated cost about 110k

2. pay Off and cancel his barclays credit card which has a balance of about 95k and has been charging high interest rates.interest per month is about 4.4% compounded!

3. clear his helb loan of about 97k.this will free up the 10k monthly cashflow that has been gouing towards fast tracking repayment.

4.invest the same in expanding a farming operation in the village.

5.save the money in a money market account at sanlam and forget about it

6.take the money to bank and use it as a security for a overdraft.

please advise.