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?

I live in a 3 bed HA house, I'd like to buy similar but 500k wouldn't get me one.
I could look into buying this one maybe??

Otherwise, hire a painter/decorator to completely re do the house nicely.
Upgrade household appliances.

Newer bigger car to fit everyone and everything in.

Pay for driving lessons/tests for older dc.

Holiday abroad for us all, DC have never been abroad.

Put some in DC savings accounts.

WLS for me and friend.

I’d buy a house. At the moment my budget means that I’m going to have to move a fair distance and uproot my DD from her friends, and am having to go through the farce of applying for a primary school for her when I know we will have to move and I really don’t want to. £500K would mean I could afford to live where we are at the moment (staying with a relative but that will end when I am finally able to sell my house next year), plus put some savings aside for the future. It would make all the difference in the world.

Mortgage free and 60 next year so early retirement for me! I wd also buy a cheap terraced house for ds to eventually leave home and move into.

I live in the north so could buy a good sized house, a new car for me and DH (1 each) and pay off debts (14k ) am a ery nice holiday.

Buy a bigger house. We are mortgage free in our 3 bed but are bursting at the seems. I'd get a 4/5 bed with more room.

Bigger house. We are a bit squeezed here too.

Buy a bigger house outright (lucky to live in a cheaper part of the south west). Use some to fix up our current house and sell it. Would split the money from that into 3 so
our children have a chunk of savings each.

hopefully have a bit left to open some savings accounts for niece and nephew and then just keep the rest in savings just in case

Buy a new electric family car for DP (he can drive, I can’t). No idea - £15k

I think you would be looking upwards of £25K

I'd buy a house some decent ones around me,near my son's school around €300,000,that would include furniture etc. I'd pop €25,000 in savings for my 2 son's & for me too. I need some dental work done that would be extensive & I'd ideally go private for that. Do my driving lessons & test & buy a nice family car & then some nice days out for my kids & i,as a single mother always trying to budget that would be nice 😀

Pay off mortgage.

Get the house re-decorated.

If there was any left, go away for a luxury mini-break in UK.

I'm 55 I would retire!

A year sabbatical £50k
Mortgage pay off £300k
Mum’s mortgage pay off £50k
The whole of Jan/Feb 2023 in the Maldives £30k
Horsebox £40k (secondhand)
Cruise Winter 2023 with whatever’s left 😁

House
Car
Driving lessons for the car
Season train ticket so he can still get to work from where I would buy a house
Rest in the bank for my daughter

Season ticket for my husband I meant to say.

Mortgage, pension, mega bonanza holiday!

Pay off mortgage and redecorate. Get garden landscaped. That'd leave about £340k. Deposit for house for DB, don't know what I'd do with the rest....

Go part time. Pay my mother in law's nursing home fees so my father in law can stop worrying.

Pay off balance of mortgage, give £100 k to both of the kids and put the rest in the bank for time being.

Would spend £300k on a 2-bed flat (so could separate from 'D'P, £5k on a holiday and invest £195 for my old age.

Pension
Dental work
Work on house - that would probably take a fifth of the money
New to us car
Maybe early retirement in about 5 years

I'd buy a house I have got my eye on. Then go on a big holiday. Sell our existing house and save for the kids future

Pay off the mortgage and put solar panels on the roof. 50k each for a deposit for our children. Two big family holidays, one with DH's and one with my side of the family.

Id pay off my house, is not overly expensive, around £60k. New roof on the extension £10k. Solar panels and battery £8k. Two new bathrooms £10k. Re plastere, new doors , banisters, redecorated and carpeted throughout £10k. New large porch £5k. New car £15k.

I'd also buy my sisters council house for around £45k her as her kid is disabled and she gave up a very promising career to care for them full time.

Id but some riverside land in Portugal and set up an off grid Quinta/log cabin and plant loads of fruit trees and veg. £70-100k .

I can dream

Moving house definitely. Currently have a very small mortgage but also low income and live in an area I don't like but not able to afford anywhere else I do like.

And I'd spend a bit of frivolous cash on clothes, no doubt!

Pay off mortgage which is around £330k. Pay off my car which is £15k and I know DH has a credit card which would be cleared.

After that a big holiday and we would buy DH a new car. Maybe a loft conversion.