AIBU to ask WWYD?

[stealthpenguin]

The lottery on Friday is making 100 people in the UK instant millionaires, so with that in mind I want to ask everyone - what would you do with £1,000,000?

I don't just want vague notions though - actually calculate the numbers!

Invest in property - £500,000
Buy house - £200,000
Do up house and furnish it - £100,000
Go on holiday - £15,000
High-interest savings account for DS- £50,000
High-interest savings account for us - £130,000
Anonymous splurges - £5000

Perfect balance of fun and sense I think! So WWYD with £1million?

I have just moved to a brand new house. It's 5 bed, so big enough. All that money couldn't persuade me to up sticks an move again!!

I would invest in dc and we would spend a fair bit on travelling I think!

I would buy a gorgeous, gorgeous house in North Oxford that has a garden going down to the canal, and four floors, and is just absolutely beautiful.

I have a horrible feeling I would need an extra 250k though!

Buy a house £500k

Give DPs £200k

Give DS and DB £100K each

Go on great holiday £10k. Buy new car £40k

Friends and charity remaining £50k

Crack open the champers would be my first port of call I think :-D

Buy my house, not another house, the one we currently rent - we love it, it's home.

Pay my brothers mortgage off so he doesn't have to work for a while and can spend quality time with his first dc due in 2 weeks.

Nice holiday, new bike for dd1, little Porsche for DH (1980s 911) and a Bluetooth thingy for the car so I can use the phone hands free without having to stop all the time

Buy a house in a secluded area where my inlaws would never find us

£400k for DD's education till end of uni should she want to go
£200 for holiday home in France
£100k for me to start a property developing business
£200k saved towards a deposit for future UK home
£100k easily accessible for future holidays, treats, emergencies

A nice enough house, probably only 250-300k, near my parents.

Buy our flat (approx 250k) so we stop paying about 25k a year in rent robbing bastard

A nice car each

A holiday - not had one since Christmas 2007!

And probably fritter the rest away on shoes, handbags, liver damage, expanding the waistline at flashy restaurants, all the usual stuff. Then whinge in a few years that all I had to show for it was poorer health and some questionable fashion accessories that I bought purely cos they cost loads.

£250,000 on a new bigger house in a better area
£20,000 furnishing it
£20,000 on a Skoda supurb estate with all bells and whistles for DH
£10,000 on a Ford Fusion for me
£8,000 to clear off exisiting debts
£30,000 on a holiday chalet/caravan
£12,000 helping out family with debts

£100,000 into DD's trust fund.

Remainder to be put into a high interest savings account for DD's future school fees and uniforms.

7 years ago I would have bought a house, gone travelling and bought a shag tonne of shoes...

LRD That's always the problem with these games, you realise that you'd have to win a lot more money than you thought you would

I would pay off the mortgage on our current house and get that negative equity monkey off our backs.

Buy a new house

I'd put some aside for my nephews, and both my brother and DH's brother, couldn't afford to pay off their mortgages fully.

Would then put the rest in some kind of long term investment scheme.

Blimey I nearly forgot, would also put some aside for a really good and really long holiday.

True!

In reality I think I'd feel dead nervous if I actually won that money. There's such a thing as too much IMO.

I would pay off the mortgage and my patents mortgage and then blow the rest- holidays clothes car luxuries etc. sadly not enough to live the rest of your life on nowadays. I would also make a donation to cancer research as its close to my heart

I know what you mean, although I think I could handle £1 million as it could be life changing in a positive but not too intrusive way, but I often don't enter Euromillions when they have those ridiculous prizes as I feel too overwhelmed just thinking about having that much cash never mind actually winning it.

Parents not patents doh!!

Not a lot, really. £1 million is not what it used to be!
Drove past a new apartment complex in a not-great area in London last night (Docklands-ish but not, IFSWIM) and the advertisement hoarding outside them stated "Prices £1 million to £5 million.".
The £1 mill must be for the studio apartments!

New house - £500,000
Money to do said house to my taste - £50,000
Money to my parents - £50,000
Money to IL's - £50,000
Money to nan - £10,000
New car - £15,000
Insure said car - £2,000 (am 23 and it would be a nice car!)
DP a new car - £10,000
Insure that car - £1,000 (he is 24 but has 3yrs no claims)
Pay off debts - £1,000
Boob job - £5,000
Holiday - £1,500
WEDDING - £25,000

Pay off the mortgage (erm, £100k?)
Pay off the debts - car loan, credit card (I hate to even think)
Finish the double glazing (£20k)
Go on holiday to France and drink lots of wine
Help out assorted family
Put a fair chunk in the bank for DS uni costs
Buy something impractical and shiny for each of us (DH fancies a Longines watch, I've got my eye on some jewellery)
Go back to work after the holiday - a million isn't enough to give up the job!

I would seriously look into running a private teen, SN, mum/baby hostel.

If that wasn't feasable then i would spend it.

I would buy small houses or holiday flats around the country, so Anglesea, Whitby, etc. I have looked at property prices and could pick one up at under £100k, in each place.

It would probably have to be a caravan in Cornwall.

I would invest an amount for my youngest who has SN, for my middle DD i would invest enough to see her through uni and a possible deposit on a property in later years, but, tbh, she is well capable of achieving, so my youngest would be my focus.

A decent house in the north west could be picked up for £300k.

Oh I missed - have huge amounts of laser body-hair removal so i can stop having to epilate/shave

Move to bigger house
Pay off credit cards/overdraft etc
Put wodge aside for private secondary education for the DCs
Go on super duper holiday

I've not bought the ticket yet but it's in the diary as a reminder for tomorrow!

Like Twofurryones pay off current mortgage due to negative equity £150K then we'd happily sell it as tried being landlords and we didn't like it.
Repay PILs for a loan £10K ish
Repay Student Loan £10K (guesstimate)
Buy a house in a nice area with a garden £300K + furnishings etc £50K
Put £100K aside for potential DCs future like uni, weddings etc
Buy DH a new car with AWD to tranport his bikes etc £30K
Spend £10K to follow Tour de France next year. (prob wouldn't cost that)

Rest put away safely. Think it's easier up North to spend less as our property costs less, maybe.

1. New house in UK (north) -500,000 (would also keep current house abroad.)
2. Investment accounts for each DC -100,000 x3
3. Showy offy car for me -30,000
4. Sensible family car -30,000
5. Charity -50,000
6. Mahoosive shopping splurge with mum -5,000 x2
7. Stick the rest in savings/ shares

Buy a house: £500k for nice house round here.
Furnish house: £10k?
Learn to drive £3k?
Buy a car for each for DP and me £40k
Huge trip/holiday £20k... Woukd take family a friends
Get married and have honeymoon £20k
Spending spree £10k

Charity £200k
Savings £190k

Approx, I haven't added it up and I have no idea how much most of that would cost, so guess work w

I would need tog get my awful teeth sorted out too...

Invest 100,000 in my business
invest 100,000 in stocks or whatever
give 100,000 away to rainforest preservation charities
put however much in trust fund for DD so she can go to public school (prob another 100,000
maybe buy a house
take my dream holiday of travelling the entire length of north and south america in a luxury RV.