What would you do if you won £300k

[WastedNights]

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!).

Pay off the mortgage and put the rest in to long term savings for the dc.

Then enjoy the extra money we’d have each month that we usually spend on mortgage.

Pay of mortgage and get extension on house - £150k

Buy my mums house- £130k

Bank the rest.

1. Pay off our mortgage
2. Finish decorating/landscaping
3. Put the rest in savings
4. Drop at least one if not two days at work!

Give £100k each to dds, to pay off a good part of their mortgages.

Probably update our (nearly 40 year old😱) kitchen and bathrooms - if I could be arsed with all the faff and hassle, when actually they work fine and I don’t give a bugger‘s cuss what anyone else thinks.

More likely take the whole family for a holiday in the Caribbean - west coast of Barbados would do nicely.

Save any left for Gdcs.

Pay off mortgage
Loft conversion
Put 100k away for dcs

It must be nice to be really wealthy

Quit my job
Pay off mortgage
Rent my current house out
Travel for as long as humanly possible.

Pay off the mortgage, do a small extension on the house and save the rest for when we need a new car/roof etc.

I'd then use some of what we pay on the mortgage to save more regularly for the children for uni/wedding/house deposit.

Probably build a side extension (likely around 80k), pay off FIL (40kish) then pump the rest into the mortgage.

It would leave us with a small mortgage (90k) which would be a massive breathing space.

Or maybe keep 10k back for emergencies.

Split it in 3 pots of 100k each:

Pot 1:

Used for my mortgage contributions. Almost covers my half. Let's say crudely this covers me for housing at a cost of £500/month for the next 16.5 years. (I may of course choose to pay this in one lump sum and let my husband pay his over time)

Pot 2:

Used as income support. Covers my bills at a rate of £500/month for the next 16.5 years.

Pot 3:

Straight into the pension, you guessed it, covering 16.5 years of contributions in one go.

I would make plans to leave my job (paying 52k) in the next twelve months, and save hard for a year of travelling, training, writing and enjoying myself.

I'd then return to work either on a PT basis or in a lower paid, less stressful job, with the aim that all I earn would top up my pension, savings and fun money. With the amounts above secured for 16.5 years, I'd only need a take-home income of 1300/month to keep my current lifestyle entirely intact.

Those who say these amounts are not life changing sums clearly have no imagination!

Pay off mortgage, big holiday, a few extravagant nights out / night away leaving DC with overnight babysitter, the rest (all £5.50 of it!) in savings.

Pay off mortgage and then buy the house next door (currently for sale) so as not to have to worry about getting shit neighbours.

Would still have about £80k left over for fun

That would build me a nice wee house here for an earlier retirement than the retirement I'm currently working my arse off saving for.

Big family holiday/ with extended members of the family too. Get a bigger house, new car and have a long mat leave

Extend house and pay off the rest of the mortgage so we can both work part time

Buy a house big enough for us all (4 of us in a small rental atm) - for about 200k you could get a good sized house with garden where I am. A new car. Put some aside for both girls for when they are on their own.

Well where we live. We've not been here long but couldn't afford a whole house. 300k would buy us outright a 4bed detached with garden and garage and still have enough left for a trip to Dinseyworld.

Sell not well

Help brother refurbish his home (our childhood home where I often stay, falling apart), buy a small second home on the coast or in Spain and move there, rent out current home. Start a local business.

Actually went ahead and entered the comp :) You gotta be in it to win it, right?

Buy my house outright before I get chucked out cos I can't afford the rent.

Pay off the mortgage £210k, pay off other debts and student loan £15k. I’m getting married next year so would upgrade our Edinburgh honeymoon to an amazing holiday £5k, put the rest into savings and then go part time and start trying for babies!

Pay off parent's dreadful property loan and some of my mortgage.

I’d pay off the mortgage, re-do my bathroom, kitchen and knackered downstairs floors. Replace the badly fitted windows that let in damp and cold, have the house properly rewired, get a loft conversion. Stay in a cat-friendly Airbnb while all the work is being done so all the noise and dust and disruption doesn’t stress everyone the fuck out. To be honest that probably takes me over
£300k.

Give most of it to my kids to get them on the property ladder.

Stick the rest in the bank and just enjoy having money available to spend on things I wanted, instead of always having to buy the cheapest of everything.

Finish doing up the house and pay off mortgage - would probably all total 150,000
After that buy a wee little holiday home/motor home (maybe £80,000)
The rest would go in DCs savings