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 be completely life changing for me.<<dreams>>

I’m in my 50s, it would be nice…but not life changing. In my 20s or30s would have made a huge difference.

Brilliantly helpful but not life changing. It would allow me to relax about ongoing expenses, childcare and forthcoming expenses (our house needs a new roof!), and relaxing financially is priceless, of course. A life changing sum of money for us would look more like £250k.

It would be lovely but not life altering, unless I put it in premium bonds and won the million!

It's more than a year's salary!
How are some people so blasé, almost ungrateful.
I think it would be amazing and I'd enjoy every penny.

I think it's a huge sum. I'm saving to self fund several years of retirement before drawing my pension, this would comfortably fund 2.5 years of my living costs.

I wouldn’t say no but it wouldn’t make much difference. It’s about a year of school fees.

I’d feel happier if I had earned it rather than receiving it as a gift. Then I would feel proud.

It would allow me to pay off my mortgage a couple of years earlier than planned.

£250k would be life changing for my family.

I was given this last year (inheritance) and yes, it was life changing for us. We’ve gone from just about getting through the month to being able to relax and enjoy life. We bought a car, we’re overpaying the mortgage, and we have a cushion of savings that we didn’t have before. I feel a thousand times more secure.

It depends what you do with it doesn't it? And where you are at the moment.

You could start a business, put a deposit on a house, move to a different area (maybe another country), retrain or get a professional qualification or something like driving lessons + a car. Take several months/maybe a year or two off work or reduce hours, depending on your salary and outgoings - this could boost mental health, allow time spent with a relative, or perhaps enable someone to have another child. It would cover several private IVF cycles or another private health cost. Visit somewhere (someone?) you've always wanted to, but never thought you could.

Those things could be life changing for a lot of people.

OTOH, while 50k sounds like a lot, I think if you didn't make a plan for it, it would be spent sooner than you'd think on things like emergencies and luxuries.

It would be life changing for me.

£10k would be to be honest.

It's a lovely amount of money but not really life-changing. It's about a years' income for us so while it would be nice, it wouldn't change much on a day-to-day basis.

I think it depends on your definition of life changing?

I inherited about 600k from grandparents. I don’t consider this life changing money. Yes, I’m very fortunate/blessed/privileged/insert relevant term here, but I’m still working my same job, still dealing with the same medical issues, still living in the same house, still buy the same brands/things - my ‘life’ hasn’t changed.
My house is paid off and I live an easier life as I don’t have to worry about affording time off for surgery or hiring gardeners/cleaners as I don’t have capacity to do it myself, so I am not saying that I am not fortunate or not very grateful to my grandparents (though would’ve rather they were still alive). I just don’t think an amount that doesn’t enable you to only work if you choose to or jet off overseas for months long holidays is life changing. Or, I suppose, fundamentally change the way you live your life… which is unique to every person.
#outsidetheUK

Completely life changing for us and our 3 children. We could finally get on the property ladder! Neither of our parents were in a position to help financially, or have us live with them while we save. Our rent is over £1500 month, leaving enough to live on but nothing spare to save. Our oldest is autistic, so moving away to a cheaper area isn’t currently an option (he’s settled at school and we have good SEN services in our area). So we’re stuck!

I was given £40k as a 0% loan. Allowed me to buy outright and be mortgage free. Payments are set at a very manageable level. When COVID hit and the CoL crisis it meant that I have had no money worries at all, heating could be put on over those expensive months. My disposable income is far higher than if I was paying private rent or a mortgage so we can enjoy nice days out and UK city breaks even if we aren't going long haul or overseas.

Yeah would be nice but not like a deposit on a house or anything like that, we could buy a brand new car/caravan/camper but we recently got a car so guess would pay off the finance off that then maybe a holiday but that's the thing once it's gone it's gone.
On the other hand could try to save it but that's like how long to save with that and then the interest rates you would be saving forever.

Money is such a messy subject like sure its helpful but is it really that helpful.

It would be a huge relief. I could finish all the jobs around the house ready for it to sell and take the kids on a nice holiday. Not life changing but massively stress reducing.

It would be life changing in the sense that I could pay off my personal debts and not have to spend my time worrying about money. But it wouldn't come close to clearing the mortgage.

It would mean I could get an electric wheelchair that was properly fitted to me, rather than the cheapest one I could afford because NHS wheelchair services are appalling.

Yes, this would completely change my life, as currently I'm mostly housebound because sitting in my wheelchair causes me issues with my spinal injury.

I'd be thrilled. I would put 40k into savings and spend 10 k on a lavish holiday.

That's a lot of money.I inherited £80,000 and although not enough to retire on its helped massively

I’d argue this is the definition of life changing! An advanced qualification and home ownership! 😮

It would be an incredible buffer. I would probably put £40,000 into savings for any expensive life emergencies/unexpected bills & use £10,000 to treat myself to some nice things, eg spa weekends, a holiday, haircut etc.

In current terms it’s about 8-12 months of care home fees or quite a bit of the costs towards a university education. I’d just save it.

It would let me retire now instead of in a few years' time.

Or we could completely re-wire the house, have new fitted wardrobes in our bedroom, replace DH's car, and go to spend a few weeks with relatives overseas who we haven't seen for years.

Not completely life-changing, but it would be nice!