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?

Nursery funds the next few years!

In my younger days this would have been life changing, but now I am near retirement, mortgage nearly finished, reasonable pension in sight, etc, it would just be very nice.

It would probably be life-changing to some extent to anyone trying to save a deposit to buy their own home. Or who was struggling to pay basic bills.

OTOH, IMO anyone not already reasonably financially comfortable, who blew it all on a ‘fancy car and luxury holiday’, wouldn’t deserve such a gift in the first place.

It’s life changing if it means the deposit on a house.
We were able to gift DD £25k for a house deposit from DH’s inheritance, which left us with around £60k.

It was life changing in that it enabled DH to take almost a year off and retrain, the course cost £10k by itself, he’s now in his 2nd year of self employment and works pretty much part time, no more 12 hour day or night shifts, no weekends, no corporate bullshit to deal with.

We’ve also got a nice cushion of savings.
So it definitely changed our life for the better.

It would mean moving to a bigger house in a similar area, nice but not lift changing. If I'd got it about 10 years ago, it would have made getting were we are now a lot easier though.

Would probably be life changing for me in the sense we could afford to move into a larger house much quicker than planned

Not life-changing but certainly life-enhancing - I'd use it for a kitchen extension.

Life changing for me but then I'm an "old" first time buyer desperately trying to secure a home.

I try to live frugally, so that sounds like a lot to me! It wouldn't change how we live, day to day, but it would put us that much closer to early retirement and would give me a greater feeling of security.

Helpful - very.
Life changing- not a chance.

It depends what point in life you're at, doesn't it? For DP and me, it would be a lovely bonus. For DD it would be a life-changing amount.

Like most things around money, it's all relative.

Life changing depending on what you do with it. If you can use it as a deposit to buy a house, move area or to a bigger house, change to working part time, use it to retrain, secure your retirement, decide you can afford another child etc then it changes your life.

If you have 2 weeks at a swish all inclusive in Spain, a new car, new patio/landscaping, new bathroom/kitchen then you could easily spend £50k, and it would be nice to have those things but not actually life changing.

I'd use it as a deposit and buy a house rather than being in rented. 10 year mortgage as I'm 61.

Life-changing. I could pay off enough of my mortgage to be able to retire a bit earlier than state pension age.

Well, if I put the whole lot on my rent account it would cover my rent for 7.5 years approximately which would free me up £550 per month.

I inherited around that sum from my Father about 15 years ago; paid off my mortgage, enabled me to have periods of not working when I fancied it without worrying because I can cut my living costs v low.

Savings

Would be life changing for us, would pay off our debts and mean we could actually do up the house

For me it would be savings and a bit extra wiggle room each month. I wouldn’t be worrying about needing a new car/washing machine etc. Maybe a nice holiday or two.

It would probably change my life - I could pay off some debt and get a decent car rather than the shitty one I have now! I'd also be able to get some work done on my teeth that I've been putting off because I can't afford it.

Not life changing, but very much appreciated and would improve our life. We're not well off enough that we'd be able to spend it on purely fun things, but we also wouldn't necessarily have an immediate, pressing use for it. We'd probably use it to help in our house move.

For anyone trying to get on the property ladder, it's life changing.

It would be life changing for me, added to my savings it would be enough of a deposit on a flat to make the mortgage affordable and I could move out from my (controlling, EA) parents place.

yes very, not fancy living here but we have always been in debt, we inherited a bit more than 50 but it cleared our debts, we funded multiple sinking funds and now we live a comfortable life for us. we have no debt, we can cover any emergencies that come up & as we are no longer paying of debts we can save, top up sinking funds and have a lovely holiday every year. we have a years worth of emergency savings and although we don't own our house or have loads of holidays etc I'm really happy with our life being comfortable and it was all because of that cash injection.

totally life changing. I would be able to afford driving lessons and a car. I started driving lessons 20 years ago. but couldn’t afford to continue when I split with my husband, and being without transport is miserable now that I am getting older and walking is painful for my joints. Having a car would give me make a world of difference to my life.