What would you do if you were given £50k?

[MsGiGi]

I’ve been daydreaming about winning the lottery and wondered what you would do with £50k? It obviously isn’t enough to retire on, so what would you do with it?

I think I would deposit a chunk into my S&S ISA, put some into my SIPP. Then, I’d top up my Emergency Fund and book some once in a lifetime trips.

Help my DC out and family. Pay for a weekend break for everyone at Centre parcs.

Top up our bank account with the leftovers!

Buy some golden goose trainers and put the rest in the bank.

Snap well apart from treating my mum!

New bathroom, new windows and if it’ll stretch that far, new carpets.

so you do need it....

nice of you to tell us

Oh, actually, I’ll prioritise the lense replacement surgery I need over the new windows. Not much point in new windows if I can barely see out of them!

I'd put it towards house deposits for the children too.

£40k off the mortgage. £10k for house improvements

Pay off debt. New car. Rest in savings for kids.

Resign. Not quite old enough to give up work, but I hate my job, an I'd either take a year off, or get a lower stress part time job instead and use it to bump up my earnings and still pay my share of the mortgage and bills.

I would sort out my dds downstairs bedroom and workspace so she has more room and it's warm and put in a downstairs shower room that is wheelchair accessible

i doubt you'll have any leftover after a weekend break at Centre Parcs 😂

Go on a holiday at least! Life’s about memories!

Buy a couple of newer cars. Both of ours are getting on a bit and it’s starting to show.

Put it against the mortgage. A bit dull, but our mortgage is huge and doing this now would save us in the longer term.

😂So true.

Got a slightly smaller amount recently (inheritance). I'm lucky enough not to have a mortgage any more, don't have any other debt and the pension pot is ok. I'm splitting it three ways - a big chunk so I can afford a few really good holidays, a second chunk towards my next (second hand) car, and a smaller amount, say £5,000, on items that will enhance my life but which I don't really need. Such as a better bike and a sofa that doesn't sag in the middle! Most of it will sit in ISAs/saving bonds until needed, so that if the roof on the house starts leaking before the car keels over, I can spend money on that instead.

I’m just back from a holiday 😅 we have another booked for February. 😆

We're renovating a house and doing quite a lot of it ourselves. I'd pay some professionals to come in and do it better and quicker.

Honestly, I’d probably blow a bit of it on books. There’s this cozy mystery dog series I’ve been hooked on — 10-book box set, pure escapism!

I’d put it into premium bonds so I had the whole £50k limit and hope that I’d win something most months to help pay more than the minimum each month on my debt (approx £8.5k on interest free).

10k for a new roof, about 5k for other house repairs. Maybe put the rest on the mortgage, if not put it into savings.

Buy a house.

I’m a little confused OP with your spending of it.

Surely after all your various savings pots you won’t have any left for big trips?

Travel is ridiculously expensive now.

I’ve name changed for this but I’m about to receive £75k in inheritance well preinheritance from my grandmother. I’m getting a bread reduction and lift. The rest will go to my mortgage so my monthly outgoings are lower. I’m very lucky in this regard but I’ve had a hellish decade ( husband’s illness). Toying with the idea of a holiday.