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Original poster

£50k now or £75k in 5 years?

71 replies

WrendaleCountryDogs · 15/01/2023 13:39

If you were given the option of being given £50k now, or waiting 5 years and being given £75k, what would you choose?

OP posts:
SausagePourHomme · 15/01/2023 13:41

5 years for sure.

LucyWhipple · 15/01/2023 13:41

Wait 5 years I think but then I’m not in any desperate need so it would just get added to savings.

LegoGoldenDragon · 15/01/2023 13:45

Less now. Could be dead in 5 years. It has the potential to grow now too.

Lkydfju · 15/01/2023 13:46

5 years but it’d go to home improvements whereas if I wanted to buy a house I’d go for 50k now

SwedishEdith · 15/01/2023 13:48

Is this about early retirement and lump sums?

Unicorn717 · 15/01/2023 13:54

I'd take money now. Could be dead in 5 years.

EveSix · 15/01/2023 13:54

Hm. I think I'd go for 50k now.
At a push, and if we had the benefit of 50k now, we could save the remaining 25k in 5 years.

IvanaB · 15/01/2023 13:55

In my personal circumstances, I'd take £50k now as we need more space so it'd go towards extending our home. However, if I didn't need the money for anything in particular then i'd wait.

ThroughThickAndThin01 · 15/01/2023 13:58

it depends why.

in my case I’d take £50k now.

SausagePourHomme · 15/01/2023 13:58

LegoGoldenDragon · 15/01/2023 13:45

Less now. Could be dead in 5 years. It has the potential to grow now too.

Grow 50% in 5 years? Not much gives that kind of return, certainly not guaranteed

JellyBabiesSaveLives · 15/01/2023 14:02

Half and half. Arrange to have the 75k in 5 years time, and borrow 50k today. Put 10k aside to pay the interest on the loan. In 5 years time pay off the loan. That gives you 40k today and 25k later.

orangegato · 15/01/2023 14:03

75k in 5. An extra 5 per year of hanging on, deal.

Escapefromcolditz · 15/01/2023 14:05

Purchasing power wise, you’d need inflation under 7%pa for the five years and 0% return on savings for it to be better to wait.

Findyourneutralspace · 15/01/2023 14:07

Totally depends on the circumstances- can you elaborate?

moonbows · 15/01/2023 14:08

Pre insane inflation, Id wait. Now I’d take the 50k today.

AndSoFinally · 15/01/2023 14:08

Blimy, you lot are throwing the study of Hyperbolic Discounting right under the bus here! 😂😂

Blanketpolicy · 15/01/2023 14:09

My main financial target just now is retirement so £75k in 5 years would suit me best.

Mommabear20 · 15/01/2023 14:09

Now, no one knows what the future holds 🤷‍♀️

TragicMuse · 15/01/2023 14:15

I'd take £50k now. That would pay off the last of the mortgage which would immediately add almost £1k to the monthly disposable income.

Total no brainer for me.

FlamingoSocks · 15/01/2023 14:16

50k now obviously. Bird in the hand etc

pinkpotatoez · 15/01/2023 14:17

50k now

diamondpony80 · 15/01/2023 14:18

50k now. I'd invest it so that it'd be more than 75k in 5 years.

jtaeapa · 15/01/2023 14:18

50k now. You never know what might happen.

Emmamoo89 · 15/01/2023 14:20

£50k

TragicMuse · 15/01/2023 14:20

TragicMuse · 15/01/2023 14:15

I'd take £50k now. That would pay off the last of the mortgage which would immediately add almost £1k to the monthly disposable income.

Total no brainer for me.

If I had 50k today and paid down the mortgage, I'd still have about 20k left, PLUS an additional 12k a year from not paying the mortgage

If I put that into savings, in 5 years time I would have 80k not counting interest.

Hyperbolic thingy seems to be out of the water on this one, for me anyway!

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