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What would YOU do if you inherited £20000?

(136 Posts)
MoveYourArmsLikeHenry Sun 13-Oct-13 10:11:28

Hi all. Just exactly as the title says grin What would you spend it on?

sweetkitty Mon 14-Oct-13 09:42:11

We actually inherited a bit more than that a few years ago we paid off debts, bought a much needed new car then spent the rest in a house extension.

sweetkitty Mon 14-Oct-13 09:40:25

New kitchen
Get married then have a holiday of a lifetime/honeymoon with the DCs

complexnumber Mon 14-Oct-13 09:35:16

Buy loads of booze and crisps, then I'd probably just fritter the rest away

Wannabestepfordwife Mon 14-Oct-13 09:18:31

Pay about £15 k off the mortgage and use the rest to get married and have a honeymoon/holiday

sleepywombat Mon 14-Oct-13 03:27:26

Put into $250k mortgage. Every little helps get the huge interest down.

Newlywed2013 Mon 14-Oct-13 03:15:25

This is happening to me in a few weeks! It is going to be our house deposit! 3 more months and we will hve saved up for all the fees etc associated! Can't wait! We would never get on housing ladder without grandads help!

Kiwiinkits Sun 13-Oct-13 21:39:15

I would spend a small amount on something frivolous that I would never buy otherwise (like a Bally handbag or a Hermes scarf) and use the rest to finish off the renovations to our rental property.

Earthworms Sun 13-Oct-13 20:33:51

Pay a chunk off mortgage if I had to be grown up

Buy a van to convert to a camper and drive to Siberia if I don't have to be. Grown up.

Tricky.

Loshad Sun 13-Oct-13 20:21:55

a decent pony club pony for ds4, and a nice yearling/2 yr old for me to have when dmare retires eventually. Rest on an allweather arena providing i could fool DH it was cheap (not being horsey he sees no reason to spend £15 k on a 20x40m area !shock)

Laser eye surgery for me

Good cut and colour for me (ie not the local Mrs Snippy Snippy Hair Salon)

Pay out any outstanding debts

A year with a private trainer

And save the rest

Pay off car (£8000) then save £10,000. The rest would go on little things and a winter holiday.

Mouserama Sun 13-Oct-13 17:09:14

Save it. Boring, I know...

We recently inherited and paid off a bit of the mortgage. The rest is for DD's uni fund and a trip to Australia/NZ. We're very grateful for the money and really appreciate my aunt and DH's mum for thinking of us.

Catchhimatwhat Sun 13-Oct-13 16:39:15

I would put five thousand into an account to help the children when they're older. Education, if they go to university or driving lessons and a car maybe if they don't.

I'd then get a new boiler, new bathroom and/or kitchen.
Oh, maybe a nice piece of costume jewellery too just for me.

I'd get some good advice about how to make it grow.

CatAmongThePigeons Sun 13-Oct-13 16:36:18

£10k on a car, £9k paying off a bit of the mortgage and £1k on a UK holiday

Blu Sun 13-Oct-13 16:32:24

New kitchen, new bathroom, hall and landing redecorated and carpeted, garden sorted out.

Lazysuzanne Sun 13-Oct-13 16:26:43

calm down ChippingIn!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

cant you see I was just playing devils advocate???????????????????????????????????????????????????????????
wink

BearsInMotion Sun 13-Oct-13 16:19:28

Deposit for a house. Only way it will ever happen sad

ChippingInNeedsSleepAndCoffee Sun 13-Oct-13 16:15:50

lazysusan ??????? Is your way the only way then? Have you bothered to read the thread?

UsedToBeNDP Sun 13-Oct-13 16:12:12

Sex & drugs & rock and roll.


Or failing that, take a bite out of my mortgage.

Lazysuzanne Sun 13-Oct-13 16:05:08

Surely everyone would just pay down their debts giving priority to those with the highest rate of interest, thus freeing up the greatest amount of money for future use?

WalkingDeadFan Sun 13-Oct-13 16:00:39

Buy a car (£4000) Renew our passports and go on holiday (£3000) Not sure about the rest..

LackaDAISYcal Sun 13-Oct-13 15:59:24

Pay off half my mortgage, clear all our debt and put some money aside for my DC.
Then perhaps use some as a deposit on a rental property; need some sort of retirement fund as I currently don't have much going on that front.

A really interesting holiday somewhere, sort out our crumbling driveway and save the rest to help dd out when she goes off to uni.

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