A genie gives you £100,000, how do you spend it?

[00100001]

Is be boring and pay off the mortgage!

[Iminaglasscaseofemotion]

Pay off house, build an extension, buy dp a van for work, go on our first holiday abroad.

[Namechangr9000]

Pay off credit card, put some aside to pay back business interruption loan, and although I would hate to hand it over, pay 1.5 years commercial rent to the the end of our lease and move out! (And hopefully there might be enough left for a nice holiday)

[TinkersRucksack]

Pay off mortgage.

Buy an MGBGT

New tits.

[Macramacious]

Spend a third, invest a third and give away a third to family and friends. The spending would be on a holiday, new wardrobes for me and dc and home improvement on our HA home.

[MissConductUS]

Add it to my retirement account and invest it in agressive growth stocks.

[Chasingsquirrels]

I'd spend a reasonably amount on the house, it is just over 20 years old and nothing desperately needs doing (had a new kitchen last year), but I intend to stay here and would like to refresh things. So new bathrooms, repaint, new carpets upstairs, new paving & fences.

I'd keep some for a new-ish car when mine gets unreliable, it's an 11 plate I've had since it was 6 months and runs fine.

I'd consider a camper van.

I'm planning on doing all of the above anyway, it might just speed the process up a bit.

I'd also look at a couple of nice holidays once/if covid is no longer an issue.

[AllMouthandTrousers]

House.

[OublietteBravo]

I’d remodel/redecorate my house.

[CatteStreet]

We rent (in a country where doing that long-term is a real option). We don't want to buy in the area we currently live in.

So it would be 10,000 saved for each child (3), 50,000 put away/invested, 4,000 used to pay off a loan from MIL (our only debt), 6,000 for instant access funds/some household/furniture needs/nice-to-haves/frivolities, and 10,000 to charity - either we would agree on one as a family or each pick our own and divide the money up.

[disorganisedsecretsquirrel]

I would give 10k to my ex.. 5k to my 4 dsc .. (probably via their mum so they are sensible with it) 10k to my own 3 DC and keep 40k for myself and DH put it in the bank and not worry about surprise bills..

[OhMsBeliever]

Pay mortgage off. Do up the shithole of a house - it needs new kitchen, bathroom, redecorating, new windows and doors, get the garden sorted etc. It depresses me as I can't afford to do anything but stick paint around and it needs so much more than that.

[bookmum08]

I could buy a modest 2 bedroom flat in my mother in laws town for £100.000. I would do that. Outright. No mortgage. It might be a bit shabby and need a bit of a tidy up but it would be ours.

[CompleteBarstool]

We're lucky enough to have almost paid off our mortgage but the house needs loads doing to it so we would disappear on holiday leaving a team of tradespeople with a list of jobs.

Whilst on holiday we'd decide what to do with the rest , how much to give the DC etc

[merryhouse]

care annuity

[AltheaVestr1t]

An attic conversion and a big holiday.

[2018SoFarSoGreat]

I think I'd give it to my DS and add another 150k (take it from my retirement savings, so would have to work an extra year :() and hope that he could find a house he could afford to buy -afford to pay the mortgage, I mean. There is nothing around here for less than 1m, but if he moved a bit away he might get something or around 800k. Maybe.

Would hate that my DGS's were further away, but where they are renting now is too small and not in a good area, so something needs to give.

The 100k the genie gives us would almost make this a possible plan. Without it, there is no way we could make the deposit enough to reduce the mortgage to a manageable amount.

[MitziK]

Downpayment on a house.

Won't ever get one otherwise.

[8elate8]

I'd buy a cheap car
Put myself on the mortgage and put about 40-50k down on it
30k on my student loan
Small amount to update my and DDs wardrobe
Small amount on flights to see my family
Rest in DDs ISA

[BertieBotts]

Pay off debts (20k)
Emergency fund (10k)
Driving lessons (2k)
Holiday/s (3k)
Probably computer of DH's dreams (2k)
Other random stuff DC/me want (2k)
House deposit in savings account waiting for me to get a good job (30k)

31k left over. I reckon we'd want to give some money to my mum, MIL and the SIL who has helped us out the most, probably 5k each? Then we'd have 16k left. I'd put 2k in each DC's name for when they're older and maybe save the last 12k towards buying a car outright when our lease is up.

[BlowingmyJets]

Pay part mortgage off, build loft room, extra bathroom, or extend kitchen.

With the probably very little left maybe 10 grand, put half aside for new car and rest for holiday.

[Hellomoonstar]

Use it as a deposit for a new house. Or go back to study for a new career.

[IndieTara]

I'd buy a car as mine is 11 yrs old then save the rest

[SilkCottonTree]

I would spend £5k on getting our house decorated/someone to do all the DIY jobs we never get around to doing and then put the place on the market. £30k on a camper van; £20k in back accounts for DC, and the rest towards a new house. Would probably give DH and me £500 to frivolously spend

[IdblowJonSnow]

Clear current mortgage and generous deposit on a bolthole by the sea.

[Damnloginpopup]

Buy a house and rent it out to provide an income in retirement and an inheritance for my daughters.