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Original poster

What would you do if you won £300k

84 replies

WastedNights · 15/06/2020 07:07

GMB's prize is £300k. I'm planning what I'd do if I won that money. Obviously I'd need to actually enter but I'd pay off my share of the mortgage (or all of it and get 3/4 transferred to me). I will then put some aside for the baby. I'd try and secure a sabbatical for a further six months to a year when my maternity leave finishes and I'd buy a new estate car with a winter pack so I never have to scrape my car windscreen ever again (I work weird hours so would be really helpful and I'm lazy!).

OP posts:
DisgraceToTheYChromosome · 15/06/2020 07:13

New car, a gaming PC, give the kids a house deposit.

HappyDinosaur · 15/06/2020 07:16

Pay chunk of mortgage/invest to pay mortgage and treat some of our close family a bit too. I'd also keep a bit aside for our little girl.

glitterfarts · 15/06/2020 07:16

Newer car, house deposit as rent is more than a mortgage, we can't save a deposit but would have more cash in hand if not renting.
Pay off credit cards. Do things like buy the kids sneakers, clothes, haircuts etc.

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lemmathelemmin · 15/06/2020 07:17

I would buy a property in London and rent it out.

lemmathelemmin · 15/06/2020 07:17

Let it, I mean. As residual income.

PaperMonster · 15/06/2020 07:18

Buy a house.

Nacreous · 15/06/2020 07:19

£300k would pay off the mortgage, and put enough into a self invested pension scheme that I wouldn't need to worry about pension contributions, with enough leftover for a new bathroom and carpets and possibly to buy car access to the back of the house so I didn't have to park on the street.

Then salary could go into making sure that there were good options for children etc.

revelsandrose · 15/06/2020 07:19

Pay off my mortgage, gift house to family member, buy new house and 2 nearly new cars, holiday, save some for dc.
Or what I'd really like, full makeover including liposuction gastric band plastic surgery on my face 🤣🤣🙃

irisnotadaff · 15/06/2020 07:21

Pay off the mortgage, buy a car, have a baby!

Original poster
WastedNights · 15/06/2020 07:21

That's a point I need new carpets and a new bathroom too!

OP posts:
HelloDulling · 15/06/2020 07:22

Loft conversion, new kitchen and bathroom, carpets right through, bit of landscaping in the garden. That would be about £100k.

What to do with the rest? Probably buy a property to rent out.

Littlepond · 15/06/2020 07:29

That would pay off my mortgage and debts and leave enough for some house renovations. I’d spend it all on the house.

DonLewis · 15/06/2020 07:32

Pay off my sister debts and our smallish credit card debt. Buy a new second hand car. Put a bit away. Then extend the house, have a fabulous kitchen put in, a loft conversion and new drives. But, truth be told, I could spend it 10 times over!

Waxonwaxoff0 · 15/06/2020 07:37

That would pay off the mortgage and I'd still have £215k left. I'd put £100k away in trust for DS. Probably gift my family members a thousand each. Then with the remaining £100k I'd put £50k away in savings and use the other £50k for holidays to all the places I probably wouldn't be able to afford to otherwise - French Polynesia, the Maldives, Hawaii.

Wewearpinkonwednesdays · 15/06/2020 07:40

I would build an extension, but a new car and stop working for 2 years through this pregnancy and have a year for maternity leave. I'm really struggling with sickness and I know it will last the full pregnancy so right now, that would be my top priority.

lostlalaloopsy · 15/06/2020 07:45

Pay off the mortgage, pay off loans, sort garden out, new car and then buy another property with whatever was left over to rent out.

Splinkyplonk · 15/06/2020 07:49

Finish house, pay off mortgage. Live.

kleew1 · 15/06/2020 07:50

I'd pay off the mortgage on my flat, then buy another home for the long run and put down say 200k on it. Then buy a cheap flat to rent near my current one. You've got me excited even tho I'm not winning or have even entered Grin

Sandybval · 15/06/2020 07:52

Pay the mortgage off and get a new kitchen, buy a new car, £50k into DS' savings account and £50k into ours as a just in case but also for holidays etc going forward. Ahhh it'd be lovely.

TheMotherofAllDilemmas · 15/06/2020 07:54

Pay mortgage, pay for DS’ PG studies, hire an architect to refurbish the house, lock the rest of the money in a high interest account to supplement our income.

FedUpAtHomeTroels · 15/06/2020 07:54

Sell this house and get another that would suit us even better. extra 50k
Buy house for Ds2 150K and pay off mortgage on D1's house. 100K ALL GONE.

bookmum08 · 15/06/2020 07:57

Buy a house outright with no mortgage - I could get a modest place in my mother in laws town for around half that. Move to that town. Buy a car and driving lessons.

loutypips · 15/06/2020 07:58

Buy a house in Spain and live there. Leave a bit for living off, and live my dream!

Hollyhead · 15/06/2020 07:59

Pay off mortgage and car loan, that would use up 170K. Then the house needs 30K spending on it.

I'd then just have a think about the remaining 100K - for instance we could actually move again, but I don't think I'd rush to.

Zenithbear · 15/06/2020 08:07

Give our dc £10k each, they already have houses.
Both me and dp would retire now instead of in two years time.
Keep the travel economy going.
Buy another rental property.