Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

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!

Swipe left for the next trending thread