Would you share out 500k if you had a windfall?

[Legoandloldolls]

If you came into 500k? With extended family and friends?

If you had debts, young children, and just under 300k on the mortgage.

How about if they was mortgage free with savings of over 50k?

Or if they was terrible with money and spent 75k proceeds from selling property in under a year ( not on buying another property).

I'd keep it to myself largely but I would give some to my parents but ask they don't tell extended family/my siblings. It isn't the large sum of money it once was so sharing it out would leave yourself with very little. I think I'd generally keep a windfall to myself, not because I'm tight, but because money makes people do silly things.

Completely depends on your circumstances.

If you had a mortgage/debt and DC - no I wouldn't share it

If you were single with no debt or dependents I might share some of it

If I came into 500k I'd give my siblings 10k each (5 of them) then 5k for each of my nieces and nephews. My parents don't need money but I'd treat them to a holiday etc. I've paid off my mortgage, so I'd put lump sums into dh and I pensions (about 75k each). I'd max out dc's Isa's. Buy a new car and then have savings.

If I did have a mortgage I'd pay that off.

No.

I'm a lone parent, living in a rented flat, with hardly any pension. I'd use it to buy a house outright (could get what I need for around £200k here) put £100k into savings for DS and the remaining £200k into my pension.

Everyone else in my family is part of a couple, has either paid off their homes or have mortgages. I'm the most financially insecure one, so I'd rather get myself sorted.

It does depend on your circumstances. I'm OK but I'm old and don't need £500k for myself, however when I was young (though I would have treated nearest and dearest well), I'd have paid off debts and mortgage, bought whatever I needed and saved some.

Nope.

500K, no, I wouldn't tell anyone, we are mortgage free now but it would be divided between the children and our pension pots.

We’d pay off our mortgage, replace our knackered car, do a few essential house jobs and have a big holiday. Our family is luckily relatively ok financially but we would want do something lovely for everyone: maybe a big party? Our families love parties 😆

No, I'd do some work on the house and put the rest in my pension, although pension funds are not doing too well.

I wouldn’t even share the euromillions jackpot if I won it.

Actually that’s not strictly true, I would give some to my parents and my sibling, but not anyone else - I wouldn’t even tell them.

I have a family member who believes that if anyone in the family won the lottery the money should be shared equally with all the family - not a chance. And I know bloody well that if it was him who had won he wouldn’t be sharing.

I’d pay my own mortgage and debts off, then consider what is left and how to use or gift some of it.
i wouldn’t share the news, and if they realised I had a windfall I would minimise the amount by removing a zero when they asked how much.

Nope! I wouldn't share and I wouldn't tell anyone either. Pay off mortgage and debts and put some aside for DC. £500k isn't a huge amount to be life changing in a way to help others - life changing for us though

Absolutely NOT.

id take our good friends to london for a few days. Nice hotel, good food and wine.

that is all. They have more money than us!

I’d pay off my mortgage and get everything done on my house, which would take up about half. I’d give my mum 50k, but the rest of the family (siblings, nieces, nephews) would get token amounts (maybe 5k each). The rest I’d put into some sort of savings. With no mortgage I could live comfortably on my salary, and I have a decent pension. But I’d like a significant buffer in case of illness or other unforeseen circumstances.

I’d pay off mortgage, new car and invest the rest.
Much as I’d like to help out a sibling who I know needs it, I know any money I gave them would be eaten up by their financially incompetent spouse, so I wouldn’t.

Friends no.
Family yes, but only under certain circumstances (one sister has disabled child, the other is a doctor and no children, their needs are not equal).
Mainly I would pay off mortgage and put it in savings/invest for my own children.