What would you do with 22k

[Sundaysaturday]

In this situation what would you do with 22k person is on low income. Not in work due to child with special needs. Has been though alot mental health domestic violence. Is soon to be moving into a different council home.

If you claim benefits you will be expected to live off it

As above.

Decent furnishings for new home. Then if on benefits will be expected to use it for living costs.

You can have up to £16k in savings but it's a taper so they'll lose benefits until they have £6k left. Something like that anyway.

No not if it's back payment due to uc error . It's ignored for 1 year

Have a lovely relaxing holiday and buy some nice furniture for the new home

I would invest. I would put £10k aside for you child when they're older, then with the rest I would save in a high interest account and use it for rainy day expenditures.

I absolutely wouldnt be spending it on a holiday or spunking it on home improvements etc. It would be for security; so you can sleep easy knowing you can afford to keep food on the table, get a car fixed etc as needed and provide your child with a boost when they leave home.

I think that to. I think it would be so nice to decorate. Have furniture of their choice rather than 2nd hand or overly cheap things that fall apart. Not that there's anything wrong with 2nd hand . But it's nice to have the choice .

The person would be moving into an empty shell of a house though . No flooring walls stripped back. The furniture the person has at the moment is falling apart. The person does not drive she has been having lessons though so would probably like a car.

Oh ok, then absolutely get the house habitable. New carpets, some basic furniture (marketplace is excellent for good value secondhand furniture). I guess that could be £5k.

I would save the rest; £10k for sons future, £7k for rainy day. Money makes money. Honestly, that's the only way you'll accumulate money, is if you save.

I know it's not fun, but it'll be worth it in the future and peace of mind is priceless.

Why doesn't the "person" decide for themself? Why are you involved? Why is their money your business?

I’d use it to make where I live, the best it could be on that money. That would include spending some on a used car too.

You spend a lot of time at home. You need it to be comfortable.

Short term gain, long term pain. This is why people stay in relative poverty, they can't plan ahead and want short term gratification.

Splashing the cash is foolish, especially when you have a child with additional needs.

I wouldn't go on holiday, if the house move is soon I'd spend a chunk on B&Q and IKEA or similar vouchers so it didn't get wasted or lock it away in premium bonds so isn't completely instant access so that I could set myself up properly at home with good quality furniture etc when I moved
I'd keep a £1000 aside for each child to cover any overseas school trips so they don't miss out at Secondary school.
Keep some aside for additional therapies for child or specialist furniture which costs £££

It's my daughter. I'm just very happy for her after what she's been through. Just people might have ideas that my daughter has not thought of. I also want to encourage her to enjoy it but also have something to show for it. But of cause when it comes down to it. It's not my choice. It would be nice to see her have a lovely home through it though .

I'm not sure what you mean. She will Need to furniture flooring wallpaper paint for her home.

@Sundaysaturday i don’t know anything about the benefits system but from what you and PP have said she can only have £6k in savings otherwise benefits would be reduced until she reached that amount. I would set up a savings account for the child and put some money in there, purchase a very reliable car (ie don’t buy cheap and end up with lots of repair costs in the next few years) don’t forget tax/insurance costs, spend on furnishing the new home but not over indulge (eg new mattresses but bed frame could be good quality 2nd hand) and anything left save in my own account. If she’s not good with having a savings account then perhaps look at premium bonds or an account that doesn’t allow for regular withdrawals.

Spend all of it on house stuff, actual real things. Transfer any credit card debt into a zero interest account for a year. Put £6k locked away into a high interest account (but be aware that any interest raised may be counted against UC). Set up the interest to be paid into the card and pay the rest down.
If you don't spend it it will count against you.

I own my property and haven't got a spare 22k to waste on a holiday.
Surely she's an adult and should be making "life choices" herself.

Do not put it into an account for your child @Sundaysaturday this could be investigated for money laundering

If she needs flooring in every room and furniture get her to go for a decent level quality that will last. Plus good quality white goods such as a freezer. The money for a car and insurance for a new driver will be expensive. I doubt she will have a huge amount left over. She should keep an emergency fund.

Make sure she doesn’t tell anyone else she has this big chunk coming.

The money is discarded for 52 weeks. So she's OK for a bit.

I would save the max amount of £6k.
Buy loads of Tesco gift cards (or wherever she shops) for essentials and presents etc for the next few years.
Good basic carpets and good solid furniture that will last for a long time.
Second hand reliable car (if she drives).
A not too expensive holiday somewhere.

Absolutely she makes them for herself. I'm just happy and excited for her. There may have Been something my daughter has not thought of that she may like to do.

I'm on the fence with a holiday. She's been through alot so it would be nice to have a break somewhere nice.

Book a wonderful holiday and buy some lovely luxuries for the house.

Buy a quarter of a bitcoin.