If you were given £75,000…

[Spicykitten]

What would you do with it?

Give it to DS for deposit for a flat for when he is ready to buy

Keep it to give to my two DS's for house deposits.
The plan is we'll be in this position this year - parents are downsizing and are planning to give me and my brother a lump of money each. Assuming that happens, my plan is to save it and distribute it when the time comes. We're fortunate (or not, DH has no parents left), to not have a mortgage anymore and money is comfortable

Pay off my loan £40k

£10k to my sister

£5k shopping spree including a holiday

Rest in savings

Head straight to a Thai beach, where I would sit around drinking cocktails and weighing up my options.

On my return I’d possibly drop a day a week at work.

Pay off the mortgage and go on a fantastic holiday.

Clear what left of the mortgage and plan to get some of the house upkeep done.

This would leave us in a good position to build saving pensions and help kids in future.

I was. I was left 80,000 last year due to an inheritance.

We paid £60k off the mortgage (the max we could in a year), leaving 90k left to pay.

The other 20k is in premium bonds. We will either use it to improve the house this year, or pay 20k more off the mortgage when we are able to.

Pay off debts and invest the rest.

Chunk off the mortgage, new car, new kitchen floor, new windows, bit of garden improvement.

Retire!

Take my DS to Disney. He has profound special needs and learning disabilities as well as physical disabilities, and for him it truly is his happy place.

New bathroom, pay off OH's car loan, pay a chunk off the mortgage

£40k off the mortgage

£10k on converting our garage to a home office/gym as DH and I both work from home and could do with the extra space rather than working from the kitchen table!

£10k earmarked for each of our two DDs to help them with house deposits when the time comes

£5k on a family holiday

Pension for most of it but also ISA for some great holidays

Put wood flooring in my house, go on a nice holiday and put the rest in the savings account.

£10k for each of kids. £25k in savings.

Invest it and use any return to pay down the mortgage more quickly.

£15k for the dental work I need
£20k towards holidays over the next few years
The rest towards next house move.

I forgot to say what I’d do with it!

I’d invest some, have some home reno done (new bath and hardwood floor in lounge), a dream holiday with DP, deposit some in my emergency fund and then whatever’s leftover (if any) to be spent on treats

Bye bye mortgage. Holiday. Rest in savings.

Get rid of my old wooden front door and replace with a gorgeous dusky pink composite .

Mortgage is already planned to be paid off in two years so that's fine.

Probably quit my job and live off savings for as long as I can.

I need some work done on the house, so I would allocate half of it which is more than I need but less than I could spend on it. I would clear credit cards which is around £2.5k and the rest would be stuck in the bank.

£10k twice over into ISAs in my and DP’s names for the DC’s house deposits in however many years
£20k into pension

Split the remaining £35k across: a new-to-us secondhand car with back doors instead of our clown car; our first family holiday; a timber front door to replace the hideous composite one; as many renovations as we can get with what’s left – probably rewiring a downstairs reception, hallway stairs landing and DS’s room, moving radiators and rehanging doors in those spaces, then I can DIY the rest to ensure we can get the floors sanded.

We’d be stuck with the mortgage but I’d feel happier with a pension boost and DC savings, and day to day living improved with the car and house improvements. We’ll pay down the mortgage eventually; I don’t want to wait another minute on fixing the house horrors! (Though I have to, as this is imaginary.)

Max out pension contributions for the year and the rest into other investments.

Have a full physical overhaul. A complete blood transfusion like Keith Richards.
So many niggles aches and pains that could be put down to ageing.
But then again, maybe not.
I want to see my grandchildren grow up and there’s no sign of them yet.