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If you came into some money?

40 replies

mumofjust1 · 29/08/2012 16:10

Say £20,000

After obviously paying off debts, what would you do?

OP posts:
Some0ne · 29/08/2012 16:16

Pay off credit cards, car loan and pay the rest off the mortgage.

Sad and unfun but true.

silverdollarqueen · 29/08/2012 16:22

Use it for a deposit on a house and a newer car.

TheHeirOfSlytherin · 29/08/2012 16:23

Save it.

booksandchoc · 29/08/2012 16:24

Pay off loan and car, do some decorating then go on holiday. Our mortgage is so low it wouldn't make a difference to that really.

Pascha · 29/08/2012 16:24

If I wasn't allowed to be boring with it I would take the family to America for 6 weeks.

What I would actually do is get a new car and save the rest for the kids.

FuckityFuckFuck · 29/08/2012 16:25

Decorate the house, most of my stuff is ancient and needs replacing

Save the rest

Kaloobear · 29/08/2012 16:27

Plug it into the never ending mortgage of doom.

parabelle · 29/08/2012 16:30

Use it as a deposit on a flat/house. Really, really want to own our own home.

wem · 29/08/2012 16:34

Get our sodding driveway done. It's a mess of weeds and puddles. When we bought the house it seemed it was a nice newly laid pebble drive but turns out there's no hardcore and no membrane under the pebbles so it's gradually turning to mud. Just had a quote to tarmac it. £5,000 that we don't have. Grrrrrrr.

ginmakesitallok · 29/08/2012 16:35

Pay off credit cards and get new kitchen/bathroom

IvanaNap · 29/08/2012 16:40

Get a new(er) car. Go on holiday, nowhere too fancy as even 20k won't make travelling with little ones any easier! Move house and save the rest... If there's any left.

NervousAt20 · 29/08/2012 16:41

Pay some of the house and a holiday

thestringcheesemassacre · 29/08/2012 16:41

Depends how big your debts were.

But any lump sum for us goes on mortgage

DorothyGherkins · 29/08/2012 16:44

Have a huge bouquet of flowers and big box of chocs delivered to myself weekly for the rest of my life. I wonder how many years 20k would pay for that...

firawla · 29/08/2012 16:47

after paying debts we wouldnt have a lot of that left tbh but if not for debts i would get the loft done (although not sure if you can do that on 20k? so if not then maybe save it for that)

DivineInspiration · 29/08/2012 16:49

Learn to drive, buy a car and then do a mixture of saving and frittering with the rest. A proper long-haul holiday, maybe. Some artwork and furniture that we'd love but couldn't justify the cost of out of our current savings and incomes.

DP would probably want to do something with our garden/woodland - have all the brush and scrub removed and then try to landscape it a bit. I think it's fine as it is and as long as the jungle doesn't encroach too far and try to carry off the house, quite like it. So we'd probably have a good ol' row before any of the above.

MrsDmitriTippensKrushnic · 29/08/2012 16:54

We're hoping to get that sometime over the next year.

We're buying a car (second-hand, plus tax and insurance) and going on holiday. If it comes before Christmas, we'll use some for then too. I can't make plans more than that because then if it doesn't happen I'll be gutted (keeping expectations under control atm)

silverdollarqueen · 29/08/2012 16:56

I would love to have those Invisalign braces fitting but my teeth aren't important

BikeRunSki · 29/08/2012 17:02

DH inherited £30k last year when his gm died. We spent 2k on boring but necessary house things, put 7k into mortgage, saved 7k each for the DC (2) and put 7k aside for holidays, although that was eroded a lot when DH was made redundant.

BackforGood · 29/08/2012 17:09

Pay a big chuink off the mortgage.

AngelsWithSilverWings · 29/08/2012 17:11

We inherited £25k from DH's Grandma.We used every penny to reduce out mortgage.

If we received an unexpected £20k today it would go on a new kitchen and and having part of our bedroom converted to an en suite bathroom.

fanoftheinvisibleman · 29/08/2012 17:17

Our mortgage isn't huge by most standards so I don't think I'd use it there.

I think with 20k I'd go for a new kitchen and bathroom and a holiday.

fanoftheinvisibleman · 29/08/2012 17:17

Our mortgage isn't huge by most standards so I don't think I'd use it there.

I think with 20k I'd go for a new kitchen and bathroom and a holiday.

mumofjust1 · 29/08/2012 18:26

Oooo, some interesting answers there!

I'm definately putting some away for dd, going on holiday and buying four new tyres for my car. Other than that, I don't know.

I feel like I can't squander it, so will be saving some too.

Am toying with the idea of a nose job......

OP posts:
HecateHarshPants · 29/08/2012 18:33

give it to a random mner.

You're looking foxy today, mum...


seriously though, I'd put it into my business. go for something that's got potential to turn twenty into forty into sixty...

Sticking money in the bank and sitting on it isn't the best thing. Over time it's worth less and less. Make it work for you.

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