What would you do with 10k

[EnglishBloodIrishHeart]

I’ll be shortly receiving an inheritance of around 10k

I am on a very low income (benefits with limited capacity to work) so this money is life changing for me.

I’m not necessarily looking to spend, splash out etc

And I’m not seeking to deliberately deprive myself of assists, anyone who needs to know the money exists will be notified and they will adjust my income accordingly.

I don’t have any debts to settle.

I live in a council house, so whilst some renovation would get lovely, and is needed, I’m reluctant to spend a large amount of renovations a home I only rent.

i wouldn’t qualify for a mortgage so no use keeping it for a deposit

i can’t legally drive so no need for a car/lessons etc

And I can’t think of any education or anything like that which would benefit me that I could pay for.

Obviousky I can just put it in the bank,
But I’d like to do something ‘worthwhile’ with it since I’m never likely to see this amount again.

i’m concerned that if it sits in the bank it’ll be easy to splurge on things and get carried away, and it’ll be gone before i know it.

So, if you received that amount tomorrow, what would you do with it?

What I would do.. spend £1000 on a weekend away/ city break

Spend £1000 on myself - new clothes, hair, things for the house. A nice outdoor furniture set maybe.

Put £8000 in premium bonds.

I would buy something nice to remember the person with.
Then I would add some to your pension, if you don’t have a pension I’d open one, you can put in 2800 per year even if you don’t work and get 20% tax relief making it 3600, I’d put in the max for this year before April and the max for next year in April. I think this has the added advantage that pension aren’t counted as savings for benefits, so you would then be below the 6000 threshold. I’d probably put the rest in high interest account/ premium bonds etc. it makes life much less stressful if you know you have a buffer for emergencies.