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Original poster

How would your life be different with 150k in your account?

119 replies

mikado1 · 01/10/2023 17:24

Sunday daydreaming here....

I would probably get a new, second hand car, start a healthy holiday fund for the future years and spend a chunk on a really good coat/shoes/bag and then... maybe I'd have to be sensible and save/invest.

OP posts:
dressedforcomfort · 01/10/2023 18:00

Mortgage free! Plus a lump sum to invest for DS's future.

scryingeyes · 01/10/2023 18:00

Omg, such a difference. Pay off mortgage and overdraft and then maybe relax, and enjoy my life with less money problems!

gotomomo · 01/10/2023 18:00

I have that, it's savings for retirement so doesn't get spent. Sorry to not be helpful in extravagant spending

dudsville · 01/10/2023 18:01

What's left of the mortgage would be paid off and retirement fund topped up. It would give me a very comfy retirement.

BrieAndChilli · 01/10/2023 18:02

Rebuild the falling down abestos ridden garage, replace the kitchen and upstairs bathroom, sort out the cracked concrete paths, pjs some money aside for kids Uni/driving lessons etc, pay off credit cards, have some savings,

gotomomo · 01/10/2023 18:02

Should add it's my divorce settlement after buying half my house (dp owns other half)

Mabelface · 01/10/2023 18:03

Pay off debts, buy the headphones I want, give the kids ten grand each, go on holiday then squirrel the rest away in a high interest account for my retirement which is only 13 years away.

FTMbg · 01/10/2023 18:10

Pay off some of the mortgage, get a weekly babysitter, have an annual holiday abroad, get our wardrobes respectable, try to drop some work hours to have more time with toddler.

CleMNtine · 01/10/2023 18:11

I don’t think it would tbh, I’d just expedite a purchase I’m making over winter and put the rest in a pension.

AdoraBell · 01/10/2023 18:12

Pay off debts and support my DDs first, then I’d take a few weeks to think about the rest.

CleMNtine · 01/10/2023 18:12

Actually add on save a chunk for something for my hobby in a few years. £10k in the bank for that would be nice.

Gazelda · 01/10/2023 18:13

Pay off the mortgage and invest the rest so I can retire earlier than 67. I'm currently 55 and starting to feel as though I'll not be able to continue in my (often physical) career for another 12 years.

SilverGlitterBaubles · 01/10/2023 18:14

I would buy another property to rent out as a nest egg for my retirement.

BoobyDazzler · 01/10/2023 18:16

I’d pay most of our mortgage off and buy myself a camper van but 150k wouldn’t really change our lives that much.

SecretShambles · 01/10/2023 18:19

It would mean I could take some time off work as I'm suffering with depression but don't get sick pay so I'm soldiering on as can't afford to be off sick.

I'd go to a healing retreat somewhere warm to 'find myself'. Maybe several.

Pay for a therapist

Basically prioritise sorting my head out.

RudsyFarmer · 01/10/2023 18:20

Pay off the mortgage and stick the rest in the bank.

CurlyhairedAssassin · 01/10/2023 18:23

It's a nice amount but it isn't life changing. When I see these posts I always think of that song "Who Wants to Be a Millionaire?" from the film High Society in 1956. A million was considered a lot of money then. But stick a million from then into the Bank of England inflation calculator now, and what would the equivalent of a million be in today's money? Over TWENTY million!!

Spudlet · 01/10/2023 18:23

We’d be able to pay the mortgage off and do some work on the house as well.

Libertass · 01/10/2023 18:25

Realistically, none, at least in the short term. Our mortgage is paid off, but an extra £150k wouldn’t be enough to enable me to retire immediately. It would be a nice boost to the pension pot, though, and bring retirement forward.

Zola1 · 01/10/2023 18:25

Oh I'd get a new car, pay off my debts, and put down a deposit on a house. I'd take my daughter to Thailand and Vietnam over Xmas.
Otherwise I'd save and figure out how I could invest well to support my child in the future.

LoobyDop · 01/10/2023 18:25

Would halve the mortgage, and use what was freed up every month to fund holidays and the kind of social life we used to have before prices went crazy. It would make life more fun and comfortable, definitely.

Wishitsnows · 01/10/2023 18:26

A deposit for a house and no more renting

BandicootCrash · 01/10/2023 18:26

I've had almost 100k sat in the bank for 8 months now following an inheritance, and I've not spent one penny of it yet! It's just soooo much money, if I spent it I could never ever save up that much again. I haven't even paid off the mortgage because we've still got a year left on a decent rate, and I'm paranoid that I might have forgotten that I still owe some tax or something (I don't) and then I'd have to remortgage on a worse rate.

150k is simultaneously more money than you could ever hope of having, but also, not quite enough 🤣🤣

SilasMarnerJekyll · 01/10/2023 18:27

I'd fritter £20k on holiday, decorating parts of the house and resurfacing our driveway. The rest would go into my pension fund so I could retire a few years earlier.

MsJuniper · 01/10/2023 18:28

We have a shared ownership house so I'd put some towards staircasing (buying a bigger %) to reduce the rent each month. Overpay mortgage / add to pension with the difference.

Get some stuff done around the house/garden.

Pay for a regular cleaner.

Book a holiday.

Save 3 months' take home pay as a financial buffer.