Would £100k be a life changing amount of money to you?

[Rebelwithallthecause]

And if so how would it so?
What would it go on or towards ?

Yes. It would be enough to get us on the property ladder. Our rent is high, and we are reliable Tennant's, but we just can't save a deposit. So it would make a massive difference!

Yes. could pay off our mortgage and I could find a new job that is less stressful.

Yes it would mean I could get on property and have security instead of renting

No we live in London. Thats less than a year's salary for us and doesn't yet you too far in London.

Mortgage would be paid off leaving a sizeable chunk of cash each month to save and spend without having to plan every penny.

Yes, we’re lucky to have high paying jobs which mean we’re able to save for a deposit but London is expensive so it’s very slow going. £100k would mean we could buy now instead of in a years time as well as take out a smaller mortgage and probably not have to compromise on either standard of house or location

No. It would pay off some of our mortgage but we’d still have to work to pay for university, assorted costs of kids, bills and other stuff

That would pay off a lot of my mortgage and allow me to change careers and have a baby....so yes...£100k would change my life.

Not life changing, no. But I would certainly be pleased to receive such a sum.

It would pay off our mortgage, cover a new car when the time comes and give us savings of about 3 months' wages. Which would be nice.

Yes insanely so, is pay off the debts, do an open uni degree, buy a bunch of furniture I need.

Not really. It would be life enhancing but not life changing.

It wouldn't pay off the mortgage, wouldn't be enough for me to stop working.

So whilst it would make my life nicer (and would be very welcome!), in reality it would probably pay of majority of my mortgage so I have more to spend on a new car, nice holidays, membership to the luxury gym, afford a cleaner and a gardener. So it would enhance my life, but wouldn't significantly change it.

Hence

No. Only a sum large enough to enable me to retire comfortably would be life-changing, and that would need to be considerably more than £100k. It would be a nice contribution to my retirement fund, though....

Yes, I could get divorced and buy my arsehole husband out of the house (with considerably less actually).

In a way.

It would probably(just) bridge the gap between what I'd get for my flat & what I would need to buy a house -with a garden, with also increasing my mortgage, but to something slightly less eye watering.

Which would make my life a bit nicer, but not exactly life changing.

And buy me a newer, bigger car which would be brilliant.

Yes it would enable us to buy a house.
We have been saving for years and have 40k saved but as we have two teenagers and live in London there is nothing affordable and it just seems to keep getting further and further away

No. Pay a bit of the mortgage, add a bit to our savings, spend 5-10% on a holiday or something for the house. Very nice but not life changing.

It would be life changing in that I would ask my landlord if I could buy this house and would have change to renovate it. Failing that I’d buy a house elsewhere in town. Either way if no longer be throwing thousands away in rent anymore. No mortgage either. All my earnings could be saved. I could invest in my business, expand, take on staff.

Yes, it would pay off my mortgage

It wouldn't change the direction of my life, but it would certainly make it easier - and/or it would allow for luxuries (e.g. private schooling, currently not an option).

It would clear my mortgage and free up my time to do other things so yep.

I could pay off my £15k debt, buy me a newer car and still give me eight years worth of my current annual wage ha.

Alternatively, I could buy a house outright up here!

Yes, pay DP off for his share of the house so I can kick him out.

It would mean DH could retrain now, rather than several years from now.