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You've won £250k. What you gonna do with it?

(138 Posts)
NapQueen Tue 23-Jan-18 20:17:16

Todays daydream. Enough to make a difference, not enough to change your life forever.

• Id give each of my friends kids £1k each. Just as a surprise and to do what they want with. They range from 1 to 21 so Od imagine some would be saved and some spent on a week in ibiza grin 20k.
• Id put 10k away for my neice for when she turns 21. 10k.
• Id give my parents 10k (5k each). Dhs mum and her "companion" 5k each. My sister and dhs sister 5k each. 30k.
• Id buy the house I want nearby (cheap area) 150k.
• Id put 10k each away for my own dc at 21. 20k.
• the remaining 20k would go on holidays for us. We have to go termtime so would do DLP for a long weekend; a few nights in NYC for me and dh, and a random sun beach holiday somewhere. 20k.

Total 250k.

You?

Magmatic80 Tue 23-Jan-18 20:29:44

£168k to pay off mortgage.
£10k to sister, but she must use £2k to go on epic holiday with her family.
£2k for me and partner to go on epic US road trip
£20k in savings
£50k to spend at leisure over years on house: garden; windows; new kitchen. Lots of the pleasure in all of the spends above will be the planning and research 😀

BrieAndChilli Tue 23-Jan-18 20:33:43

250k would just about buy a house here but then would be rent free which would then make a difference each month with more money for luxuries

LadyMetroland Tue 23-Jan-18 20:34:49

School fees

Dyrne Tue 23-Jan-18 20:36:24

I’d pay towards the mortgage. Would still leave me with £5K to pay off, plus the £10K early redemption fee, but i’m sure i could get a loan for that in order to be mortgage free... living in the South East doesn’t really leave much room for other daydreaming! grin

Majuna Tue 23-Jan-18 20:36:39

God I must be horrible. My first thought was,

House 230,000
Car 15,000
Holiday 5000

Its all me,me,me & DD grin

Thingywhatsit Tue 23-Jan-18 20:37:27

Well that would buy me half of a 3 bed house where I live so would give me a chance of getting a mortgage instead of extortionate rent.

Chrisinthemorning Tue 23-Jan-18 20:39:07

Clear the mortgage 175k
50k savings for DS school fees etc
The rest probably spend on doing up the house and holidays.

Heratnumber7 Tue 23-Jan-18 20:39:23

Pay off mortgage.

Si1ver Tue 23-Jan-18 20:41:19

Pay for ivf.
Plough the rest into the mortgage.

Moonflower12 Tue 23-Jan-18 20:41:23

That would just!about buy a 3 bed house here- but we'd be rent free so would have lots to spend on our family. I always hope for 250k in the lottery- not millions as that is 'too much' iykwim!

Si1ver Tue 23-Jan-18 20:41:33

Pay for ivf
Plough the rest into the mortgage.

nomorespaghetti Tue 23-Jan-18 20:42:12

Pay off mortgage, so boring! Would have around 10k left, so would get a new kitchen, a wood burning stove, and maybe repave the drive (yawn)

Abzs Tue 23-Jan-18 20:42:25

Pay off the mortgage and free up the monthly payments for the sort of savings and luxuries already mentioned.

Or sink the lot into a pension. Boring, but probably sensible.

Littlepond Tue 23-Jan-18 20:43:28

Pay off mortgage, do all house renovations we want to do, buy shoes.

FarmerSee Tue 23-Jan-18 20:44:08

I'd buy a house outright with 250k. No mortgage (or a very small mortgage), no rent... just a house that's all ours to do as we please with.

I'm late 30s and still finding it fucking impossible to get on the property ladder. And I'm sooo tired of renting from arsehole landlords and just not being able to make our house our home.

Owning our own home is a dream. It doesn't have to be no big fancy 20-bed mansion. A nice little 3 bed semi with a drive and a garden would make us very happy ever after!

ArbitraryName Tue 23-Jan-18 20:44:09

Pay the mortgage off. And use the rest (alas not that much) for holidays to Japan and Korea.

SproutsWithLiverAndOnions Tue 23-Jan-18 20:44:11

It would be enough for us to hand our notices in now (mortgage paid off, and not planning to move) and to live comfortably, along with when our pensions kick in.
We are good with money, so it won’t be wasted but we’ll have a decent holiday every year, and make sure there is enough for our old age.

What a thought.....💭 💭 💭

ColdFeetWarmHeart Tue 23-Jan-18 20:44:16

We'd clear mortgage and car loan etc. Would leave us with about 35k (live in South east and have 24 years left on mortgage).
Would buy DH a new car so he doesn't need to jump start it each day.
Would also tell work I'm not coming back to work after mat leave.

Would probably save the rest for now. Boring and not very generous of me, i know, but it would allow me to be at home with dc while they are young.

calzone Tue 23-Jan-18 20:45:00

I wouldn’t tell a soul apart from DH.

I would put £15k each into boys accounts - £30k

Put £20k away and spend £200k towards a house.

BuckysRoboticArm Tue 23-Jan-18 20:45:24

I'd buy dd all of the paw patrol and pj mask toys she so desperately wants.

Maybe I'll have enough left over for a mortgage, not sure.

ArbitraryName Tue 23-Jan-18 20:45:40

I’m also more selfish than the OP. Although I would take the children and DH on the holidays (they’d be delighted) and all 3 would benefit from the mortgage being paid off.

Girlsworld92 Tue 23-Jan-18 20:45:48

Pay off the mortgage which I think is about £190k then I'd give up my job for at least 18 months until my lo is in full time school
Disney in Florida which we are currently saving for £10k to do in style
Nice second hand car for me £7k??
£10k each for 2 x kids
Pay off credit card £2k
Save the rest for a rainy day.

NotCornflakes Tue 23-Jan-18 20:46:06

Buy a house (cheap here, I'd get a really nice one for about £175k) and use most of the rest to support myself while I retrain. Anything left I'd spend on holidays.

SproutsWithLiverAndOnions Tue 23-Jan-18 20:46:19

God, I sounded old then. I’m only in my early 50s lol ..

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