If you won 500k.. how would you spend it?

[Tickledpickled]

I have a mortgage of just under 300k, so I think I’d probably pay that off. As our house needs renovating, a further 200k could easily be swallowed up there. That’d be it - gone! Wouldn’t take long 😮
How would you spend it?

Mortgage, helping DM out and give up work which I really need to do because of chronic health issues.

Some towards mortgage - wouldn’t clear it.
1 family holiday ie us paying
School fees

£230k left on the mortgage. I want a kitchen extension and that with a new kitchen in it and taking out the wall etc has been quoted at £80k, so £100k with all the redecoration to the rest of the house trashed by building work. £20-25k on solar panels (have been pricing that too!) so I’ve got £150k left. £50k on several fabulous holidays and shove the last £100k in savings towards retirement.

god that’s boring - maybe I’d add a couple of grand for a fabulous hand bag?

A disabled friendly bungalow for my mum.

I've got very little pension. So I'd either put it in that, or invest in a buy-to-let or two to bring in retirement income.

Pay off mortgage, student loan and personal loan which would take care of half of it. Finish doing up my house (probably about 50k) and maybe spend about 10k on holidays, gifts etc. Invest the rest for income so I could work a bit less!

I don’t know. Prob pension provision.

New car, because we desperately need one. Chunk off the mortgage, but not all of it, just enough to halve the payments. Finish the bits that need doing to the house.

Then I think we'd have about £250k left. At which point id invest £150k into something medium risk medium return. £100k left, would buy my husband some woodland, and then go on a fabulous holiday.

Mortgage is £250k so I'd pay that off. Probably another £100k would be spent on the house as we love the location but ideally would like a bit more space so we'd do an extension to get a good sized kitchen diner and put in a garden office.

I'd put aside £50k each for my two DDs to help them with house deposits as we live in the South East so house prices for first time buyers are ridiculous. That would leave £50k which I'd probably put straight into pension or other retirement savings.

Anything we didn't spend on the house I'd use for a holiday.

Pay off mortgage, extend into loft, new bathroom and some external improvements then some into the kids savings accounts and some into ours for a rainy day. All quite sensible really.

Mortgage. We have a 1.5m mortgage so it would trim it to a more manageable size!

Pay off the mortgage and buy an electric car. Any leftover in savings.

Exactly the same as you. We'd be saving £1500 a month of mortgage payments so it'd be totally worth it.

I'd buy a house. Would be able to pay for one outright with that amount of money where I live.

First, I'd break the chain of the stupid house buying system we have in this country by buying the next house I want, getting it all ready, then moving in a calm and stress free way, then get this house ready to sell.
At that point, I'd probably have £350 - £400K left and would have had time to think about what to do next.
It would include holidays and it would include helping my (adult) dc and it would include bringing forward retirement.

£250,000 on a new house.
£25,000 to each of my children.
£100,000 savings
£50,000 fun.

Buy a house. We couldn't afford one currently.

If there was anything left (I guess not) Probably put into pension. Maybe a car and driving lessons for me.

It would be nice to have the extra money from not paying rent!

We would probably go ahead and get a new car and hand down the old one to dd.

I would buy a Glowforge. An expensive indulgence.

I’d put the rest away in a pension fund.

I would buy a house up to £300k and use around £50k to renovate this house, then sell it and split the money between the DC (2 are adults so that would be their deposit to buy). The remaining £150k would be split between investments and cash available savings, after a new car of course!

I've invested inheritance and been saving to retire at 55. No mortgage. Four years off, so with this I would go now.

Buy a house, donate a large sum to a dog rescue, then keep the rest for a rainy day.

pay off mortgage, kids university fund, buy some nice jewellery and save the rest which would probably be about 300k

No mortgage but house only worth about £120k. Probably move house as could get what we'd want for around £300k (maybe keep the old one to rent out for some income). Spend some on the new house, take DH to the Superbowl and enjoy life to the max. Make sure we had about 50k in savings (on top of the savings we already have).

Pay off mortgages
50k each into DDs accounts
More reliable 2nd car

Erm... still got half left... Maybe a bigger house?

We are mortgage free and have savings and money aside for the dc, so I would probably add some to my pension, buy a new car and go on some holidays .