250k inheritance to spend but on what??

[TheMuminator2]

Came out of the blue from a relative we hadn't seen since we were young. Am tempted not to spend a penny and just invest

For £250k definitely come and ask an anonymous forum instead of speaking to a financial advisor.

Do you have DCs? Private education, university costs...

Invest

2 children

25% on fast cars, 25% on exotic holidays, 25% on designer clothes, and with the 25% left....why don't you just treat yourself.

For £250k definitely come and ask an anonymous forum instead of speaking to a financial advisor

Start a smallholding, get goats. Give up work for a few years and see the world.

(I love virtually spending other people’s money in frivolous ways. Get some good financial advice and secure your long term future is probably the thing to do.)

Housing surely? Single biggest cost for most people. If you're lucky enough to be mortgage free, then i would look to invest a massive chunk £200k (?) In retirement planning/ pension investments and use the other £50k to have a holiday, treat your kids or upgrade your car etc?

I'd spend up to £50k on doing up my house and save/invest the remainder.

Personally? I would buy a house outright for myself. If you don’t need a house and have no other debts, I would put a lump sum into a bank account for each child so they can get a mortgage when they are older.

The rest I would have a nice holiday and then what is left, I would save for retirement

Loads of friends on Mumsnet 😉

Invest it in me.

I mean, you did ask

Holiday flat in south of France or Florida?

I've said it before, I'll say it again - beach hut and a Rolls Royce.

I'd pay off my mortgage, buy a new car and go to Disney World. Enjoy x

I would mull over the situation on a luxurious cruise of somewhere sunny and warm.

Pay off your mortgage if you can and if any left make some home improvements or have a holiday.

^^ sounds like a good start

@tawdry that was meant for :)

For £250k definitely come and ask an anonymous forum instead of speaking to a financial advisor.

my first idea was donate to charity also

Llamas. Just llamas.

250,000 £1 lottery scratch cards.

You might only win back 50K, but you'll have a lot of fun.

Impossible to say without knowing your age, income, dependents, marital status etc, etc. Agree with others - get some good, professional advice.

Buy a house outright? You'd get a 2 bed box in my area

I would buy a newer car that would last. Pay my mortgage down to be manageable. Go on a lovely summer holiday. Invest 2/3 to 3/4 via a financial advisor I had thoroughly researched.