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Original poster

What do you consider to be a "life changing" sum of money?

146 replies

HaaaaaveyoumetTed · 03/12/2021 14:56

Just that really.

Inspired by another thread where someone won on the pools, and people saying "if it's a life changing sum?"

So what would be a life changing sum to you? I think for me, it'd be enough to pay off my mortgage, which is sizeable.

OP posts:
Athinginitself · 03/12/2021 15:00

For me not loads in the grand scheme of things. Maybe 30k? Enough for a deposit on a house to buy.

whosaidtha · 03/12/2021 15:01

10x my wage. So for me it would be £250,000 for some it would be £600,000 others more. Obviously tax free.

user33323 · 03/12/2021 15:02

Enough money to either double the size of your house or pay off your mortgage, or put all your children through private school, or to enable you to retire early. I guess that amount varies for each family.

StarlightStarlight · 03/12/2021 15:04

I was watching an advert for that ‘set for life’ lottery scratch card where you win £10,000 a month.

I then remembered that I now earn £10,000+ per month (that’s goady however I write it, sorry) and it made me realise that there will never be enough money for me.

It isn’t that my expenses are high these days, and we are of course comfortable but I feel as though it isn’t good enough.

Thefartingsofaofdenmarkstreet · 03/12/2021 15:05

@StarlightStarlight

I was watching an advert for that ‘set for life’ lottery scratch card where you win £10,000 a month.

I then remembered that I now earn £10,000+ per month (that’s goady however I write it, sorry) and it made me realise that there will never be enough money for me.

It isn’t that my expenses are high these days, and we are of course comfortable but I feel as though it isn’t good enough.

Wowzers, what do you do?
BeaMends · 03/12/2021 15:06

Half a million would do me nicely. I could retire now, move somewhere nicer with a bigger garden, indulge my hobbies and a chunk towards a starter home for adult dc.

Actually, make it £750k Grin

SophieHatterPendragon · 03/12/2021 15:06

For me it would be 100,000

Obviously any sum under that is amazing but wouldn’t be life changing .. defo would help but not allow massive change

Mabelface · 03/12/2021 15:07

At the moment, even a grand would be life changing as I'm off sick and have moved on to lower pay. I've £30 to last the month! I have food though and my family are doing a big food shop and a coal delivery for me for Christmas.

BarbaraofSeville · 03/12/2021 15:09

What it would take to be able to afford not to work. I'm in my late 40s and will start to get some pension from age 60, so it's not as much as many would need.

£10k pm for example would be far far more than necessary. I can't imagine getting through that amount of money every month even with travel, buying anything I wanted etc.

Half a million plus or £5k a month every month would be more than enough for me.

Gearedtoyou · 03/12/2021 15:09

I'm not sure I'd change much no matter how much it was TBH. It might be good to have some money to help DC when they want it houses but I'm not sure how much having things come too easily really does help.

Hoppinggreen · 03/12/2021 15:11

Minimum £100k but nearer half a Million really

OhMrDarcy · 03/12/2021 15:12

For me it would be £1million or more. Less would be lovely, obviously, but not life changing

TwinklyBranch · 03/12/2021 15:14

Half a million. I live in an expensive city and that's what it would take to buy a decent house.

SoftPillow · 03/12/2021 15:15

Obviously depends on personal circumstances.

We're very lucky, and objectively I don't think anything in our lives would change unless it was £1m+

Quite embarrassed to say so.

girlmom21 · 03/12/2021 15:15

£100,000 would pay off our mortgage

RobinPenguins · 03/12/2021 15:17

£250k would pay off our mortgage. I don’t know how much we’d change our lifestyle without a mortgage but it feels like it would grant some freedom, perhaps to make slightly riskier decisions about jobs. Also more holidays.

Aroundtheworldin80moves · 03/12/2021 15:18

Half a million would be enough to pay off mortgage and a significant portion of DDs being able to attend Private school for Secondary. So not luxurious exactly, but a massive boost.

AlohaMolly · 03/12/2021 15:21

£12k would pay off my debt, which would free up around £300 a month so would realistically have a big impact, if not be life changing.

£27k would do the above and get me a deposit for a decent house.

Justcashnosweets · 03/12/2021 15:23

Enough to pay off my mortgage and debt with some left over. Probably about £250,000. To be able to pack my job in, 1 million would do it 😆

JuneOsborne · 03/12/2021 15:24

Half a million would change my life. We'd extend the house and pay off the current mortgage. We could put the kids through uni. I could get my sister a deposit for her own home.

And we could work less. That would change our lives.

TeeBee · 03/12/2021 15:25

One million to make a proper difference.

WeAllHaveWings · 03/12/2021 15:26

Enough to allow me to retire early, doesnt need to be life of luxury. £200k would probably do it.

ronniz · 03/12/2021 15:29

Well 100k could be life changing in the future if you invested it all. But maybe 1m to actually change things

Lampzade · 03/12/2021 15:29

One million

changeonameo · 03/12/2021 15:33

Name-changed for this. I got almost £100k when my DH died and honestly, it hasn't made much difference at all. My mortgage payment is lower, which is nice, but it's still substantial.

£250k would allow me to move back nearer my family which would be life-changing. That's what I'd like.