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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

Not AIBU, but what would you do with £900?

111 replies

abittoofat · 01/02/2023 23:01

I've just found out I'm getting an unexpected £900😁
What would you do with it?
(Single, 2 grown up DC)

OP posts:
WaddleAway · 02/02/2023 09:59

I’d pay for my leaking roof to be fixed, I’ve just had a £900 quote for it and don’t have the money to do it 😂

WaddleAway · 02/02/2023 10:00

CrazyCorgi · 02/02/2023 09:55

Is this the Cost of Living payment?

The OP has already said it’s a tax rebate.

FourTeaFallOut · 02/02/2023 10:03

It'd go in the pot, along with all the other savings we are stockpiling for when we fall off our fixed mortgage rate this spring. Exciting, I know.

xogossipgirlxo · 02/02/2023 10:05

Half into savings, half on nice spa day/hairdresser/nails/new shoes.

Ragwort · 02/02/2023 10:08

I agree with ThisGirl - the OP's question was what would you do with £900 ... and clearly for many of us we would put it in savings. I agree that there is a 'habit' around savings and if you don't save regularly then you see a 'bonus' such as an unexpected tax rebate as something to save rather than something to spend. My siblings and I are fortunate in that we get very generous financial gifts from our DPs at Christmas and birthdays but it is clear from our lifestyles that some of us save it and some of us spend it ... one of my siblings grumbled recently that we were 'lucky' in that we could retire early ... only because we have saved and invested and been boringly frugal over the years ... meanwhile he and his family enjoy exotic holidays and new furniture every couple of years.
Neither is right or wrong, but financial security is very important to me and worth much more than buying something new.

Parky04 · 02/02/2023 10:09

Just won £1000 on premium bonds and i am going to buy myself a years worth of NI payments. Doesn't get anymore exciting than that!

MajorCarolDanvers · 02/02/2023 10:10

Get a Chinese and put the rest in savings.

Blossomtoes · 02/02/2023 10:17

I’d have already booked a long weekend in Florence. Beautiful city, sunshine, art, lovely shops, best ice cream in the world. Pure happiness.

OldandTired66 · 02/02/2023 10:18

I would give it to my husband in return for a massive skip and completely free rein (reign?) to declutter the house without him intervening or uttering the fateful "that'll come in handy one day".

IncognitoIsMyFavouriteWord · 02/02/2023 10:22

Put my gas in credit. I'm not in debt but it will help for next winter 😁

Boating123 · 02/02/2023 10:24

OldandTired66 · 02/02/2023 10:18

I would give it to my husband in return for a massive skip and completely free rein (reign?) to declutter the house without him intervening or uttering the fateful "that'll come in handy one day".

I would do that too, except I don't think my DH would agree to that.

It think it's reins (like horse reins) rather than the King reigns type.

ladymacbeth · 02/02/2023 12:55
  • antipodeancanary If I only had 7k in savings I'd save it. Id want at least six months salary in savings.

Only?! 7k IS 6 months salary for me.*

Surely all the more reason to save it then?

Why are the people who think £7k is huge savings, the ones saying spend it?!

BettyUnderswoob · 02/02/2023 12:59

ladymacbeth · 02/02/2023 12:55

  • antipodeancanary If I only had 7k in savings I'd save it. Id want at least six months salary in savings.

Only?! 7k IS 6 months salary for me.*

Surely all the more reason to save it then?

Why are the people who think £7k is huge savings, the ones saying spend it?!

Could not agree more, @ladymacbeth £7K could disappear in a flash.

Floofyduffypuddy · 02/02/2023 13:01

@Parky04 .
How does this work. I've read about it but I don't understand it?

Eg i think I have 6 year's left to pay, I can buy a year with 1000? And have 5 year's left to work to qualify?

RealBecca · 02/02/2023 13:02

Over pay the mortgage. I'd do that with most of my savings anyway as the interest is higher on that than my savings so the £900 works harder that way.

Floofyduffypuddy · 02/02/2023 13:03

Agree ragwort it's very much a state of mind which is why many parents encourage DC to spend bday/Xmas money but also to save some as well.

It becomes ingrained habit and funnily enough I do encourage DC to also spend because one can go too far the other way.

As said earlier op I would open a stocks and shares ISA and then spend some.

Floofyduffypuddy · 02/02/2023 13:05

500 is a nice chunk to put into saving and 400 would be a great base for a holiday somewhere ( city break)

Witsendwilly · 02/02/2023 13:12

I would put half on black at a casino, and buy lottery tickets with the other half

OoooohMatron · 02/02/2023 13:21

antipodeancanary · 02/02/2023 00:11

If I only had 7k in savings I'd save it. Id want at least six months salary in savings.

Good one

YouJustDoYou · 02/02/2023 13:28

Savings.

Thelnebriati · 02/02/2023 13:30

I hate my cooker and resent the money I wasted on it. It was advertised as having a grill, and it doesn't - it has a crappy useless mini oven that we never use. I'd buy a new cooker, one with an eye level grill so we can make cheese on toast.

beachcitygirl · 02/02/2023 13:38

IF you don't need it.
Invest in (ethical) company shares with a bit of a risk but potentially higher rewards.

BuddhaAtSea · 02/02/2023 13:42

I’d split it in 3:
1/3 in savings
1/3 overpay the mortgage
1/3 a cheap Esyjet holiday in October.

Many moons ago I got a tax rebate of about £4000. I went from minimum wage to professionally registered, and for a couple of years I didn’t twig I was paying emergency tax. I was so used to a low pay. That amount became my escape fund when my marriage disintegrated, 15 years later. I didn’t tell him because he would have hit the roof I didn’t notice I was paying too much tax. He also would have spent it all, we never had any savings. So I just kept them tucked away.

Rollercoaster1920 · 02/02/2023 13:44

I'd chuck it into the mortgage. The variable interest each month is now half the repayment (13 years to go). I'd love to be mortgage free.

Snugglemonkey · 02/02/2023 13:47

Put it toward a trip away.