If you were gifted this would you consider it to have a big impact on your life?

[Bextespisod]

50k. Life changing? Helpful? Bit extra savings? What would it actually mean to you?

It would mean I could buy a lovely new car for 20k without worrying about it wiping out my savings!
Plus 10k off mortgage, 10k into pension, 3k for holidays and 7k for renovating the bathroom and decorating upstairs. Oo all planned out!

I'm another one at the stage of life where I don't really need it, so it would go to my DDs. Although it would 'only' be £25k for them, it'd still be an enormous help.

Absolutely life changing. Could clear debt and help DS with uni costs, freeing up more of our monthly income for things we currently can't afford like holidays or meals out. It would take financial pressures off and life would be so much easier and nicer.

So yes it would completely change my life ☺️

I’d be grateful, it would pay off a few things but no not life changing. My DH and I received an amount much larger than that in a form that’s not exactly liquid but has no maintenance needs on our part. In our day to day lives we’ve more or less have forgotten about it.

It comes up from time to time when we’re talking about long range planning. But mostly in a ‘huh.. oh yeah we have that don’t we’.

Whether or not it's life-changing, it's a huge amount of money for one person to give to another. Any thoughts on the validity of it are puerile IMO.
My DM left very much more to me on the event of her death.
Am I grateful? Yes.
Do I wish she had spent it on herself? Absolutely.

It would be utterly life changing for me.

Oh yeah it would; make my life a lot, lot easier - in my 60s can't retire yet but still need to find more work against the tide for 5+years - could pay off my mortgage, get necessary work done to the house (so I can sell and downsize) and some work on my teeth to improve my employability.

It would remove so much worry as to be life changing. I just couldn’t imagine it. Could maybe leave and start a new life away from DH.

Oooh. Good question. Not transformational money, but it would make quite a difference.

I would save it so that when I move house I could get a little old cottage and afford to make the necessary improvements / do it up (or at least make a very significant start).

At the moment I’m stuck in a new build because I can’t afford to modernise a period property.

I'm a bit older, and we have had two inheritances, years apart, one about 1/2 that amount and one closer to that amount. They did make a big difference to us; at the time of the first inheritance we needed a new vehicle, and it allowed us to buy it without borrowing, therefore increasing our lifestyle. The second allowed us to put a deposit on a second income apartment, which has increased in value so therefore increased our net worth.

We are extremely grateful for both.

We were fortunate to inherit that amount a few years ago (obviously not fortunate that it came from a relative sadly dying unexpectedly and relatively young). We just paid a chunk off the mortgage. So it will have been helpful in the long run but hasn’t had any impact on our daily lives so far. I guess we could have used it for a life-changing family gap year or something but we took the dull option.

It would cover (most of) either extending our house or moving to a bigger one so pretty life changing.

Or would pay off a big chunk of the mortgage/car loan so give us more disposable income.
Either way I'd be so grateful for a decent chunk of money gifted.

It would change my life now.
I would request a career break to focus on my mental health. I’d spend the time applying for new jobs.
Bullies do grind you down eventually.

I was gifted this much by parents, it has enabled me to put down a deposit and buy a house but I wouldn’t say it was ‘life changing.’ I will be living in largely the same area I was renting in and will have the same job etc, it’s given me more security and I’m very grateful but my life is still broadly the same so not life changing beyond having a bigger home than before. Who knows how owning a property may change the course of my life though, maybe it will make a big difference to how my life turns out in 10-20 years time but I guess I’ll never know both futures to compare.

50k tax free is approx 100k gross salary. For some people that’s two or three years of working. That has to be life changing for those people.

I could certainly change someone’s life with 50k.

It would absolutely change my life

All depends on your personal situation, goals etc.

I am very boring and wouldn't spend 50k on a car or holiday. I would probably overpay the mortgage, according to an overpayment calculator it would save us 70k in interest and knock 10 years and 2 months off the term. There would be a small early repayment charge, but only about £600 which I would just pay. So that 50k is worth more like 120k looking at it that way? As in, 50k increased equity in the house, and 70k less that i have to pay on interest. Freeing up more money in the long term for fun stuff like holidays. So yeah, it would be life changing for me!

It wouldn't be life changing on a give-up-work scale. But it would pay for some significant home improvements/maintenance, a decent holiday, and provide an emergency savings pot. So in that sense, yes, it would change my life.

It's a lot of money but not enough to pay off my mortgage. In my head "life changing" means no more mortgage/give up work. But I do realise there are a lot of other things that are still life changing, just in a different way.

For us it would be life changing as we could get out of our current too small too damp house and buy something with a good garden that ds can enjoy and pay off any debts.

Not life changing. It would certainly help though. I'd pay off some debt, pay 10% off my mortgage, gift a couple grand to my kids, get a cleaner every other week. My DD is going to uni in Sept so some will go there, my other child will soon get his driving licence so may help with car insurance. Won't be much left after that.

Well it would change my life in some ways!! I could pay off all my debt, get my house decorated properly instead of me doing it with some left over for a nice holiday, all these seem impossible at the minute.

Be life changing for me, especially given that translates to $96500 Australian! It'd mean I wouldn't have the urgency to look for a job to tide me over the six years before I get the age pension, or have to dip into my super.

It wouldn't make any difference to my life at all ☺️

Now, I would stash it in a savings account, to maybe put towards a house deposit.

5 years ago, it would have been spent on day to day living, as we were reliant on benefits, so those would have been stopped, till we got through it, the only thing it might have done, it been able to pay for private health rather than waiting on the NHS to enable me to get back to work quicker.

life changing