Small inheritance - what would you do with it

[PeacheyPeach]

Earlier this year my Aunt passed away and me and my siblings being the nearest relatives ( she had no children) have received some money. A small amount about 2.5k each .
I don't just want to spend it on day to day living/bills but also realize it is a small amount so I'm not going to be able to do a great deal with it.
So my question is what would you do with it?

Put it in my children’s savings accounts.

Holiday.

Holiday?

I would invest £1k in index funds, spend £1k on something that would really make my life better day-to-day and then put the remaining £500 towards family activities/days out/holiday

When I was in a similar situation, I bought a piece of art which was much more expensive than I’d normally spend. I love it and it’s a lovely reminder of my aunt. I was considering jewellery but I saw the painting first. I think it’s nice to have something of significance rather than lots of small things that I could buy myself.

put it in a S&S ISA and forget about it.

£100 premium bonds (you’ll think of Aunt every month, particularly if you win!) and then I’d buy a new table and chair set for the garden, or a fabulous armchair or a piece of jewellery.

Is there something such as a new sofa that you would appreciate?

Couples counselling.

Hm do your have kids, how are you finances generally?

Possibly I would buy something long lasting for myself that is a bit of an indulgence, eg, if you need a new chair for the bedroom, instead of a basic one buy one that you absolutely love in a fabric that makes your heart sing, but don't 'need' but will keep forever and bring a bit of joy daily.

Option 2 - a holiday, even maybe joint with your siblings, maybe linked to your aunt somehow and toast your aunt

Option 3 if you have kids/money is tight, do option 1 but smaller scale eg a special piece of jewellery/scarf/coat to remind you of her and invest/save/give kids to save the rest

Option 4 for your own betterment- a course or investment in yourself

Thank you all x I do think maybe something small but lovely to remind me of my Aunt, a bit on a little weekend away and some in savings perhaps.
Or I could take the kids shopping and let them spend the lot 😀

Save it. You never know when you might need it.

It all depends on how much that amount means to you.

If you have debts pay those off.

If you are okay financially, treat yourself to something.

I'd possibly buy myself some classic jewellery. You could get a reasonably sized diamond pendant or studs for that. Or bigger if you go for lab grown.

OR being sensible put it in a share ISA if you have any allowance left.

I've had something similar. I've been thinking of investing in air conditioning in our bedroom.
Although I like the idea of premium bonds too.

I bought a watch with mine (was £500 from my great aunt) . I’ve worn it every day for 26 years and remember her all the time (and the watch would now cost me £2k to replace)

I would save some of it and put the rest away until you find something you really want. Don’t just buy something for the sake of it buy something that will be special to you.

Op if your comfortable yes spend it otherwise invest it and spend the proceeds later

Again if your not v wealthy 100 each and open up a child's sipp each.

In a similar situation I bought life membership of the national trust.

You could spend £500 on a watch or decent earnings. Then if you have any ISA allowance left I'd pop the £2k into an ISA. If you've already used you ISA allowance for this year put it in a 1 year fixed rate bond and use towards next year's ISA allowance.

buy a motorbike

Home improvements

Depends on financial situation.

If you're currently short on savings such that a broken washing machine or the car costing a few hundred pounds to pass the MOT is panic inducing, I'd save at least £2k and spend the rest on small treats, eg night away, trip out, bit of shopping.

If more financially comfortable it would just go in the spend/save pot, it wouldn't go on anything specific and I never have a 'have money, what can I buy' thoughts, I wait until I think 'I want/need X' can I buy it.

Is there anything that needs replacing or bills to be paid etc? If you are comfortable then yeah a holiday etc would be nice. If you aren’t use it for savings or things that are on the list to fix.

Depends on if you have any debt and what your savings are like. If you don’t already have 3 months expenses saved then I’d put it towards that.