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What would you do with £5000?

(43 Posts)
123fushia Sun 24-Sep-17 21:37:18

Already posted this thread mistakenly on Style and Beauty. Oops!
Have been given £5000 by a generous family member. Money has been very tight all of her life, so don't want to waste it. What would you do with it?

bigchris Sun 24-Sep-17 21:37:56

Go on holiday

Or buy a new car

Fannylodger Sun 24-Sep-17 21:42:34

Invest it.
Put it towards the mortgage (or a deposit)
Save for DCS
Buy something you need.
Personally I'd see a holiday as a waste but that's up to you.

isthistoonosy Sun 24-Sep-17 21:49:15

I'd put it into my kids savings which i plan to give them towards a first house deposit when they are old enough.

But if I was younger I'd put it towards our house, or pensions.

timeisnotaline Sun 24-Sep-17 22:03:59

I'd put 4000 into shares as I've been meaning to buy some but not found the cash. And spend 1000....

VanellopeVonSchweetz99 Sun 24-Sep-17 22:09:03

Similar happened to me, but less money. Bought a beautiful & comfy chair for my home office, makes me think of them with gratitude every day.
If it happened now I would put it towards my much coveted kitchen extension that I can't quite afford.

AGnu Sun 24-Sep-17 22:09:17

New boiler, replace some double glazing & maybe a bit of re-plastering if we could stretch it far enough. Really living it up over here! grin

dontquotemeondailymail Sun 24-Sep-17 22:15:29

Half for something sensible/practical, half for something fun!

timeisnotaline Sun 24-Sep-17 22:24:37

I bet people in style and beauty Had quite different answers grin

NotSoEagerBeaver Sun 24-Sep-17 22:26:20

Scatter it over my bed and wallow in it grin

FiveGoMadInDorset Sun 24-Sep-17 22:29:09

After this weekend, Diploma in Aromatherapy

NoSquirrels Sun 24-Sep-17 22:44:21

£3.5-4K on a holiday/s

£1-1.5K on "stuff" e.g. furniture, labour (home maintenance), frivolities (clothes/shoes/home goods).

PickAChew Sun 24-Sep-17 22:46:06

It would pay for a big chunk of the new roof that the house we're buying needs.

BulletFox Sun 24-Sep-17 22:50:54

Oh I saw that; I thought you wanted to have a splurge on S&B!

Ummm there's a piece of furniture I'm saving for, earrings, knee high boots, save the rest.

Have you made any decisions?!

doleritedinosaur Sun 24-Sep-17 22:53:11

Pay off OD.
Pay off CC
Pay off OH's CC & buy him a Barbour jacket.
Get me the uggs I want & have a mini break in Paris.

annandale Sun 24-Sep-17 22:57:52

Reality - pay off overdraft, stick £1000 in general contingency fund, put £3500 in longer term savings and book next year's luxury holiday (3 days cycling Hadrians Wall hmm)

123fushia Sun 24-Sep-17 22:58:23

No decisions yet. No rush to spend it.
Interesting ideas - thank you.

MeriReu Sun 24-Sep-17 22:59:11

As superficial as this sounds - a nose job. 1000% (obviously me personally!)

MeriReu Sun 24-Sep-17 22:59:50

And the rest is DS's saver account!

What are you thinking of? X

Blahblahboo Sun 24-Sep-17 23:00:23

Go to Canada and get tickets for the Calgary stampede

Blahblahboo Sun 24-Sep-17 23:01:39

A nice family holiday . Oh and some cowboy boots and hats all round for my children, parents, etc

Haudyerwheesht Sun 24-Sep-17 23:02:14

We recently inherited some money - a little more but not tens of thousands. We've invested most of it in shares but also are getting our bathroom redone because it really needs it and are replacing the carpet in the bedroom because it's almost threadbare. However , if we hadn't otherwise been able to afford a holiday then we'd have spent it on that and not got the bathroom done.

AnnabelleLecter Sun 24-Sep-17 23:34:17

Sensible-Pay a chunk off the mortgage £3k.

Frivolous- posh watch or diamond earrings £2k

NonnoMum Sun 24-Sep-17 23:38:03

If I HAD to spend it on myself, and not just kids etc, I would give myself a year of regular treatments: hair every two weeks, leg waxing, facials etc... Or however long the money would last...

WhatWouldTheDoctorDo Sun 24-Sep-17 23:52:34

If no debt (aside from mortgage) I'd go for frivolous. Something on house I'd never be able to afford otherwise or a dream holiday. Life is short.

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