What would you do with a Lottery win? (various different amounts)

[Waitingonastar]

With £50k, I’d do some work to the house, have a nice family holiday and put some money into savings accounts for the kids, otherwise life would go on as normal (give my parents and in laws some cash too)

I’d probably do the above, plus give up work, if we won £500,000 but DH would still need to work and again I don’t think our lifestyle would change massively except it would all be easier without me working. Also donate to a cause or causes i support too.

£150m on the euro millions - I’d work out which charities/causes i’d want to support and get involved there, give all close family good sized gifts, then we’d go off round the world to stay in five star hotels and have amazing experiences (with tutors for the kids!) Then probably continue to life in the city we live in, but in a dream home and with a number of holiday homes abroad.

I don’t actually play the lottery though! But nice to day dream

£50k all to the mortgage which would halve it and make holidays etc much more affordable

£150k pay off the mortgage and do all the many jobs that need doing round the house, convert the loft and enjoy a lot of nice holidays and time off

£150M move to a lovely house, gift money, holiday to the Maldives, new car. But not tell work and leave when I was ready and had figured out what I really wanted to do. Perhaps retrain or go to university to study

On these types of threads people always say pay off the mortgage, but if you won £50k and invested it properly your returns will far exceed the interest on your mortgage. I know psychologically paying off the mortgage feels great, but when looking at the amounts you could earn on interest they can be fairly significant at this level.

@Sammysquiz

On these types of threads people always say pay off the mortgage, but if you won £50k and invested it properly your returns will far exceed the interest on your mortgage. I know psychologically paying off the mortgage feels great, but when looking at the amounts you could earn on interest they can be fairly significant at this level.

Depends on your risk assessments and confidence I suppose. One family member won 50k ish once and another had a pension lump sum. Both invested through reputable financial advisors. One broke even after 10yrs. One lost a bit of money.

Paying off the mortgage at least frees up your income and it's assured.

50 - nothing exciting. Life would carry on as normal but we'd be able to save every month.

150 - 10 each for the children, 100 off the mortgage, 5 each to parents. Husband would see if he could drop a day a week.

Massive win. New house and holiday home. House for each of the children, but not enough so that didn't have to work. Set up my own small charity, husband would too.

50k I’d just spend it - few things needing doing round the house, a luxurious holiday, etc.

500k , flats for each child, 50k on what I said above and then invest the rest.

150m - castle in Scotland, money to all my friends & family, buy everything I’ve ever wanted and then set up a charitable foundation with the rest for random things I would hear about. School fundraising for iPads - give them the money. A family fundraising for a child’s wheelchair - here you go and what else do you need? I wouldn’t give to big charities, it would be all about the small individual things to make people’s lives easier. (I’ve given this A LOT of thought🤣)

50k. Half would go towards the mortgage. Two new to us cars. £10k each. A holiday.

500k would be a new house (or pay off mortgage), new cars, a bucket list holiday each (3 of us) and then the rest invested for pensions and savings and DS.

150 million I’d give a lot away. Make sure closest and trusted friends are secure. New house, cars, travel. The list is endless.

£50k - put towards house extension and garden remodeling
£500k - as above then, pay off mortgage, have a nice holiday, invest the rest for DS
£150m - all of the above plus paying off mortgages for close family and setting up trust funds for nieces and nephews. Lots to charity, obvs. Honestly, that amount of money makes me feel weird- it's so life changing and would impact all my family and friends, possibly not always in a good way.
I think I'd rather win £500k, tbh, enough to make life more comfortable without changing everything

Smaller amounts similar to above. 150m I have a fantasy. Get some bloody good lawyers and use 100m to endow the local struggling hospital on condition maternity and paediatric consultant led services stay local. Anonymously. Still leave me with enough to treat my family.

50k pay off mortgage
500k into savings investments pension
150 mill split equally with mine and DH siblings and we could all retire.

50k would be mortgage paid off, that would be a big bonus.

Anything left would go into savings. Though I would really love a campervan or camping trailer. But I'd need a garage or lock-up to store it. Maybe I'd just hire one when we needed it!

500k would mean work on the house. Utility and kitchen, loft conversion. Savings. Something for my mum and sisters.

150 Million would be fun for all! Mortgages paid off all over the place, holiday homes with helipads, a private plane and helicopter for transfers, charitable causes...the works!

@Sammysquiz

On these types of threads people always say pay off the mortgage, but if you won £50k and invested it properly your returns will far exceed the interest on your mortgage. I know psychologically paying off the mortgage feels great, but when looking at the amounts you could earn on interest they can be fairly significant at this level.

I know what you mean, but I'm old now and we have about 4 years left so getting it cleared would give me £700 a month extra that I could add to my pension or save.

£50k would add to savings
£500k second home or some work to our current place
£150m, a bigger second home with more land. Buy some sheep.

I quite enjoy my job so would keep working but possibly 4 days a week rather than 6.

50K - keep it secret. Pay off debt and then use as a deposit towards next house. - likely our long term house.

500K - Again keenly relatively secret. Pay off our mortgage and upgrade current house. Ideally with the end goal of living mortgage free in a nice area.

150 million - Definitely buy the dream home, clear debts, share some of the wealth to close family. We’d continue working but have amazing holidays and let the kids do whatever activities they’d like.

50k - pay-off my debts, book an amazing holiday for me and DD, pay for as many driving lessons as she needs and a bit of redecorating. I reckon that would be about half and the rest I'd stash for future use.

500k as above, plus clear my mortgage...maybe move house. Take a year or two out of any work to concentrate on my writing.

Megabucks...

Buy a plot of land and have a house built, decorated and furnished to my exact specification.

Ring fence enough to see DD comfortable through uni and buy her a house/flat when she graduates.

Work out what I'd need to live out the rest of my days, ideally by setting aside a lump sum and living off the interest.

Use the remainder for charity purposes...either by making various donations or by setting up a non-profit combining mine and DDs interests which would then give us both meaningful work in the future.

With any of the above I'd also take my dad's ashes back to his beloved Australia and scatter them in the Blue Mountains.

With the big bucks I'd also buy my best mate a house of her choosing. I've had a really shitty few years and she has been my absolute rock.

£50k I would buy a flat to get on the property ladder.

£500k is dream money for me I would be able to buy a house in my home city! I'm desperate to move closer to my family, I live about 4-5 hours away from them and have no one where I'm living now but am completely priced out of my home city! I doubt I could even afford the rent in a house share.

£150m I can't even fathom, it blows my mind 😂 ..all I want really is a nice home close to family so beyond that I would share with family and research charities.

Although saying that, a holiday home somewhere warm wouldn't go amiss 🤣

50k - Home Improvements (20k), Holiday (15k), Pension (15k)

500k - Mortgage repaid (150k), Home Improvements (20k), Holiday (15k), Pension, (15k), New car for me, DH & DS (£100k), Gift to son to buy home (£200k)

£150m - all of the above, plus put my Nan in a top of the range care home, treat my Mum & Dad to a round the world cruise, instead of give DS a gifted deposit I'd buy him a residential home and 2 btls so I know he'd never struggle financially. I'd probably buy some btl's, contribute to my husbands pension and get financial advice on the remainder so that I can live off the earnings rather than work, although I'd probably have to work or have some sort of goal.

@NewYearNewMinty

With the big bucks I'd also buy my best mate a house of her choosing. I've had a really shitty few years and she has been my absolute rock.

That's really sweet!

50k - I would give 10k to my best mate then the rest on the house.

500k, would mean 50k to my best mate, then a family holiday I've always wanted, some on my house than 200k in our sons account.

150m would mean our farm, 25 mill to my best mate, 25 mill to my brother, chunk to SIL, chunks to our charity. The rest to our DS.

50k pay off debts, go on holiday and make the house pretty.

500k Buy a house, car, save some etc.

£150m give close family money, buy a BIG house. Hire Tom Hardy as my gigalo for the day. Then give most of it away 😁

50k - A lovely holiday, a chunk would go in dcs saving account, pay off credit card, a small amount to go towards the mortgage

500k - move house, book a couple of holidays, bigger amount of money to go in dcs savings account, give some to my parents, camper van

£150 mil - that’s an insane amount, almost scary. A holiday home? Big chunk for dc, dh could give up work, we’d set up our own business, I’d buy my siblings all a house, buy my mum and dad a holiday home (they would never move house, they love it too much!) give some to other family members.
Give lots away to charities, although I’d like to set up a childrens charity too.

50k - pay off debt, new car, nice holiday, save the rest.

500k - buy house outright and car/holiday. No other life changes but would have 850 a month spare with no mortgage to pay!

150mil - fuck. Buy a house. Buy everyone I know a house. Buy a fuck off big boat. Tell work to get to fuck. Give money away like sweets. Set up my own charity.

50K is mostly the mortgage.

£150m would mean telling work to fuck off, fat farm to get some serious weight off, new knee, then the dream house with land/horses and a very understanding instructor.

50k I'd probably get the house completely finished. Very small one story extension on kitchen and new kitchen

500k I'd put 200k away and sell existing house with equity of about 200k and the 300k I'd buy somewhere with a mortgage for about 700k so mortgage would be similar to what we have now. We'd have a much bigger and better house and 200k in the bank

150million god knows! Give tons to charity, buy whole family a house. Its too much money. Could ruin you