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

Chat

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

If 500K suddenly appeared in your bank account tomorrow, what would you do with it?

171 replies

BunInTheOven3 · 28/04/2024 20:12

Just curious really.

OP posts:
FearMe · 28/04/2024 21:39

Pay off mortgage, put the rest in my pension and immediately retire.

StMarieforme · 28/04/2024 21:40

If mine to keep- buy a house so I do t have to be in rented any more at 61. That'd be £200k. Give £50k to each of my older 3 children. Put £50k in trust for my youngest disabled DD. Put £100k in my savings. 😊

FloatyBoaty · 28/04/2024 21:40

Haha! I have a plan for 500k thunderball win saved in my notes 😭

300K buy a house
25K to pay off my debts and outstanding student loan
50K towards DS uni / house deposit savings
15K for DB
10k for DM
25K into savings / pension
50K backpacking adventure with DS
20K go mad money - new wardrobe etc

One can dream!

CocoapuffPuff · 28/04/2024 21:42

Pay off mortgage and put new windows and doors in. Add Woodburner stove to living room. Replace roof.

Replace gutless polo with a slightly more zippy car.

New carpets and curtains, redecorate stairwell and Hall. Replace hall carpet with hardwood floor.

Shove some in savings.

Have a few holidays to places our budget has never stretched to.

MyOtherCarisAVauxhallZafira · 28/04/2024 21:42

Pay off the mortgage, do the loft conversion, completely re-landscape the garden (it was lovely before I had ds ...) , few niggly DIY bits at home and some redecorating we don't have to do ourselves. Oooh triple glazed, wooden sash frame windows....

New car for both DH and I, mine is twelve years old and DH has a push bike, having said that I'd probably also buy him one of the fancy bikes he always looks at longingly and I don't understand how a bike can cost that much money... Holiday for this summer, I wouldn't bother with anything for future holidays because without a mortgage we'd be considerably better off month to month.

Rest in savings/investments mainly for ds

Perfectpots · 28/04/2024 21:45

Pay off mortgage
Begin ticking off the various problem issues with the house - ie, new carpet, new front door, new bathroom, new kitchen.
Join a gym

BondStreet · 28/04/2024 21:47

Pay off mortgage
put deposits down on a few buy to let properties
a lovely one in a lifetime holiday
invest the rest

MoreLidlThanWaitrose · 28/04/2024 21:47

Buy a new electric work van for DH, a new car for me (nothing exciting, just a new-ish sensible mum car), and buy the house next door. Any left over cash would be spent renovating next door and combining the houses (currently live in a tiny terraced cottage in a beautiful village - don’t want to, and can’t afford to, move but we do need more space).

Jesusmaryjosephandtheweedon · 28/04/2024 21:48

I would get a new (to us) car as our last one just went kaput and I've no idea how we are going to replace it as we've just remortgaged and now not sure I can access anymore credit. I'd also pay off the mortgage, book a nice holiday with some sunshine and that would be about 350k, the I'd put around 50k into the house and save some away for retirement and the kids.

Sunnytwobridges · 28/04/2024 21:50

Pay off my mortgage
buy a rental property
fix up my house
buy a new car

Lwrenn · 28/04/2024 21:56

Buy a home for my friend to live in so she can leave her abusive dh. Once they're divorced I'd sign it over to her.

Pay my own mortgage off and get my house sorted but that won't be a massive amount tbh, I'm quite low maintenance.

I'd have over 250k left, 100k to meals and medical equipment for Palestinians.

100k I'd buy a property at auction, do it up and resell, keep doing that, auction properties for cheap, have done up nicely and keep making money until I have enough to purchase a few properties outright and rent them out until my children need them. If I wasn't planning on doing this with my imaginary 500k I'd be buying some static caravans I could do some free holidays for families in poverty who don't get a break.

I'd be able to have nice holidays by saving the money that I'd not have to spend on mortgage so I'd not rush into that.

LSGX · 28/04/2024 21:56

Cocothecoconut · 28/04/2024 21:22

Give some to the kids and buy buy a house near them

Same. I’d give my kids £50k each to help with deposits for buying flats in London and with the remaining £400k I’d buy a little pied a terre there for myself.

God, I’d love that…

Trolleytoken · 28/04/2024 21:57

Fake my own death to escape the school WhatsApp group.

TheBottomsOfMyTrousersAreRolled · 28/04/2024 22:00

Trolleytoken · 28/04/2024 21:57

Fake my own death to escape the school WhatsApp group.

😂

mrsDracoMalfoy · 28/04/2024 22:01

Mine to keep and I never have to give it or pay it back?
Buy a house 110%

imisscashmere · 28/04/2024 22:03

50 to my parents, 50 to my brother.
200 into savings for school fees.
100 aside for refinancing the mortgage.
100 for renovations and a swish holiday.

that was easy 😂

mrsbyers · 28/04/2024 22:04

Hand my notice in
book a holiday

outlandishly · 28/04/2024 22:04

Buy a house
Save money for DC x3 and get DH a better car and a new suit.
Amy left would be for a lovely family weekend away.

catscatscurrantscurrants · 28/04/2024 22:07

I would wonder where it came from and if I'd be in trouble for spending it! If all was in order, I'd buy a little cottage in Derbyshire and spend the rest of my life looking out of the windows at the view.

Dustpantsandbush · 28/04/2024 22:09

Buy a house and get out this mould riddled rent-trap house. It’s making us ill, landlord doesn’t care and we can’t afford to move out.

PandaG · 28/04/2024 22:09

Tithe first 10% at least. Pay off mortgage. New kitchen, landscape garden - patio, steps and path need replacing, and new fencing. 50k ish to each child for house deposit/pay lump off mortgage. Decorate kids' old bedrooms, and hall and landings. Put some money aside for weddings of needed. One decent holiday - interrail but not on a budget! Rest into pension/investments

Pablosdog · 28/04/2024 22:10

neverknowinglyunreasonable · 28/04/2024 21:35

Go on Cameo and pay Ben Fogle to read out a message every day. I would have enough money to keep this going for 20 years. I would make the messages more and more bizarre and would like to see how long he'd keep going.

What a bizarre way to waste the money 😂

Eyesopenwideawake · 28/04/2024 22:10

Firstly book into a health spa for a couple of weeks to shape up, lose a bit of weight and sleep whenever/as much as I like. Then an appointment with a personal shopper to completely replace all my clothes. Next, big donations to my local animal charities. Book a luxury rail/hotel tour of all the European cities I've yet to see. The rest (half?) in savings.

Notfastjustfurious · 28/04/2024 22:10

Replace the year old bathroom that was the biggest waste of money ever and sue the company that fitted it. Pay off my mortgage and move my parents closer. That's it gone so I hope the owner doesn't want it back.

IVFlife · 28/04/2024 22:10

Spend it on ivf! Then making the best life possible for our child!