What would YOU do if you inherited £20000?

[MoveYourArmsLikeHenry]

Hi all. Just exactly as the title says What would you spend it on?

[sweetkitty]

We actually inherited a bit more than that a few years ago we paid off debts, bought a much needed new car then spent the rest in a house extension.

[sweetkitty]

New kitchen
Get married then have a holiday of a lifetime/honeymoon with the DCs

[complexnumber]

Buy loads of booze and crisps, then I'd probably just fritter the rest away

[Wannabestepfordwife]

Pay about £15 k off the mortgage and use the rest to get married and have a honeymoon/holiday

[Newlywed2013]

This is happening to me in a few weeks! It is going to be our house deposit! 3 more months and we will hve saved up for all the fees etc associated! Can't wait! We would never get on housing ladder without grandads help!

[Kiwiinkits]

I would spend a small amount on something frivolous that I would never buy otherwise (like a Bally handbag or a Hermes scarf) and use the rest to finish off the renovations to our rental property.

[Earthworms]

Pay a chunk off mortgage if I had to be grown up

Buy a van to convert to a camper and drive to Siberia if I don't have to be. Grown up.

Tricky.

[Loshad]

a decent pony club pony for ds4, and a nice yearling/2 yr old for me to have when dmare retires eventually. Rest on an allweather arena providing i could fool DH it was cheap (not being horsey he sees no reason to spend £15 k on a 20x40m area !)

[70isaLimitNotaTarget]

Laser eye surgery for me

Good cut and colour for me (ie not the local Mrs Snippy Snippy Hair Salon)

Pay out any outstanding debts

A year with a private trainer

And save the rest

[ICanSeeTheSeaFromHere]

Pay off car (£8000) then save £10,000. The rest would go on little things and a winter holiday.

[Mouserama]

Save it. Boring, I know...

[FatherHankTree]

We recently inherited and paid off a bit of the mortgage. The rest is for DD's uni fund and a trip to Australia/NZ. We're very grateful for the money and really appreciate my aunt and DH's mum for thinking of us.

[Catchhimatwhat]

I would put five thousand into an account to help the children when they're older. Education, if they go to university or driving lessons and a car maybe if they don't.

I'd then get a new boiler, new bathroom and/or kitchen.
Oh, maybe a nice piece of costume jewellery too just for me.

[GailTheGoldfish]

I'd get some good advice about how to make it grow.

[CatAmongThePigeons]

£10k on a car, £9k paying off a bit of the mortgage and £1k on a UK holiday

[Blu]

New kitchen, new bathroom, hall and landing redecorated and carpeted, garden sorted out.

[Lazysuzanne]

calm down ChippingIn!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


cant you see I was just playing devils advocate???????????????????????????????????????????????????????????

[BearsInMotion]

Deposit for a house. Only way it will ever happen :(

[ChippingInNeedsSleepAndCoffee]

lazysusan ??????? Is your way the only way then? Have you bothered to read the thread?

[UsedToBeNDP]

Sex & drugs & rock and roll.




Or failing that, take a bite out of my mortgage.

[Lazysuzanne]

Surely everyone would just pay down their debts giving priority to those with the highest rate of interest, thus freeing up the greatest amount of money for future use?

[WalkingDeadFan]

Buy a car (£4000) Renew our passports and go on holiday (£3000) Not sure about the rest..

[LackaDAISYcal]

Pay off half my mortgage, clear all our debt and put some money aside for my DC.
Then perhaps use some as a deposit on a rental property; need some sort of retirement fund as I currently don't have much going on that front.

[OhYouBadBadKitten]

A really interesting holiday somewhere, sort out our crumbling driveway and save the rest to help dd out when she goes off to uni.