If you were gifted £30k, what would you do with it?

[CatteryCatz]

I think I’d put £15k aside for home improvements, would overpay around £6k on our mortgage, deposit £1k/£2k into my pension and would use the rest for a holiday and a few treats.

What about you?

I’m glad you’ve said this as I was wondering why ours was so cheap! We’re having a wall knocked down, floor levelling and replacing, electrics, plastering (including removing artex ceiling), units, appliances (washing machine, tumble dryer, cooker, dishwasher) and tiling for just under £25k. And the utility room too.

£5k into savings (so it'd be topped up to sitting comfortably at/above 3 months income)

£5k into the holiday savings pot

£20k home improvements - bathroom and garden probably, plus a few bits and pieces around the house that we never get around to.

Deposit on a place of my own…and a boob job 🤣

Me too!

Glad you said that too! Our work is starting shortly and I was worried I’d somehow been hoodwinked!

45k for that? You were had, sorry.

New car, holiday and some into me pension

I'd put it all into my private pension.

Pay for my career change (it involves studying for 3 years but I'm passionate about it) , which would change my life.

I'd use it to pay for the extension we're currently saving for....and maybe a holiday

Have a £5k holiday then pay it into the mortgage

I'd like a new front door. Possibly we'd consider getting the bathroom done. Then the rest towards the mortgage.

Pay off debts, sort the house out. If there was anything left (there wouldn't be!), put it towards sorting our ancient knackered cars.

I’d book a nice holiday, and buy lots of shoes, jewellery, and handbags. 😆😆

20k into mortgage and 10k on a holiday

Debts and a new kitchen

Travel for a year

Home repairs- new front door, bifold doors, a new shed, new bathroom,

Maybe should invest in robots - ie a roomba and a robot mower.

£3k gift to each of my 3 sibilings
£10k - take a bit of time unpaid leave from work, add it to paid leave and go travelling
£11k - in savings

New windows and bathroom! Currently saving up.

£25k towards renovating our family bathroom and downstairs loo, £5k for a family holiday... we need the bathrooms renovated more atm than we need to pay off a chunk of the mortgage. £25k would probably just about pay for both bathrooms to be renovated or pay for the vast majority of the cost

I’d pay off the mortgage (very cheap house and only £10k to go)
Get DS a private assessment for ASD and ADHD (he’s been on the list a year and been told he’ll age out of camhs before he’s seen)
Take the dc and DP on holiday. A villa somewhere warm with lots of places to sightsee, eat and relax.
I’d use some for WLI for myself.
New carpets for house (nothing fancy) and if there’s anything left, pay someone to do work on the back garden so it gets done a bit sooner than we can do it ourselves.

£10 k - mortgage overpayment
£15 k - savings towards a day van
£5 k - fun

Top upy emergency fund =6k
Gift some to uni DD = 5k (in stages!)
Pop some in pension =5k
Home renovations = 10k
Holiday = 4k

I'd be expected to live off it until it ran out as I'm one of the great unwashed. In that time I might be able to use some to improve qualifications and perhaps get back into work - I'd also pay for some specialist therapy to help me come to terms with the absolute shitshow my life has become since my DP died, I lost my business, had to downsize dramatically after a section 21, then lost my Dad, my MIL and an uncle last year. Mum died in 2020 and everything else has collapsed since then, and my resilience is on the floor, as is my earning capacity - my age - 57 - is somewhat against me. As my grandmother said, money doesn't buy happiness, but at least you can be miserable in relative comfort.....and it might help me dig myself out of the hole.....