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Original poster

so what wd you do with a sudden £40k windfall?

85 replies

RanToTheHills · 22/10/2006 10:26

friend of mine just had news of this and not yet sure what to do with it. Just curious, what would you do??

OP posts:
Original poster
RanToTheHills · 23/10/2006 09:30

wd it really be worth putting down a deposit on a house though for buy to let? not enough surely after all costs covered unless you're sufficiently comfortably off anyway to cover the mortgage w/o a tenant. Where i am, £40k wdn't be much of a deposit

OP posts:
FioFio · 23/10/2006 09:30

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Kidstrack · 23/10/2006 09:30

use £20k as house deposit
use £10 as holiday fund
the other £10k would be invested

jessicaandrebeccasmummy · 23/10/2006 09:31

i meant to live in!

WE are leaving this house soon and need to rent privately, but havent got the deposit in place, so it would make it easier!

SherlockLGJ · 23/10/2006 09:31

JARM

And you need a 7 seater why ??

Do you have news for us young lady ??

jessicaandrebeccasmummy · 23/10/2006 09:32

LGJ

Not yet. But not too far in the distance x

Gobbledispook · 23/10/2006 09:33

Is £19K going to cover car and house deposit?!?!?!

It would cost you around £19K for a 2003/2004 Grand Voyager! No change!

All irrelevant really though as none of has this windfall

jajas · 23/10/2006 09:34

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jessicaandrebeccasmummy · 23/10/2006 09:34

not a house deposit - a rental deposit - you know, a months rent in advance and a deposit - looking at £1200 here!

A second hand 7 seater.... galaxy or something

Flamebat · 23/10/2006 09:35

Debts
New clothes for me n DH (DC have oodles)
Save on the off chance of another windfall/housing crash!

expatinscotland · 23/10/2006 09:36

I would quit this job so fast there'd be circles of dust in my wake.

melrose · 23/10/2006 09:37

Pay a huge chunk off the mortgage or move house

foulmoonfiend · 23/10/2006 09:38

£28k on attic conversion (we had quotes recently and cannot afford it but would really improve our lives dramatically )
£2k on lovely holiday
£10 in savings/premium bonds

Right, who fancies donating £40k to my Children/Adults Super Housing charity? Just make your cheques out to CASH....

NothingButAttitudeOnMN · 23/10/2006 09:40

£10k to pay of debts

£15k off mortgage

£5k house re-furnished

£5k House repairs

£5k small holiday and luxurious Christmas

God this is depressing

Mellowma · 23/10/2006 09:44

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Gobbledispook · 23/10/2006 09:48

OH I see JARM! Sorry!

Oooh, how I wish I had a £40K windfall.

Ideally we need £500K though

DumbledoresGirl · 23/10/2006 09:51

Oh I am glad you said that GDG (about preferably needing £500,000) - me too! With £40,000 I would get on with the extension we are planning on doing anyway, though without so much of a loan.

Gillian76 · 23/10/2006 09:53

Move house

lockets · 23/10/2006 09:53

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jajas · 23/10/2006 09:54

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Gillian76 · 23/10/2006 09:55

like the idea of 'frittering' 3k, lockets! sounds like fun

lockets · 23/10/2006 09:57

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PeachyBobbingParty · 23/10/2006 10:11

7 seater car definitely, need not be new £5k
£20K in bank for saving towards house deposit when i go abck to work
holiday, and the rest put away fro DS1's BIBIC fees

(£10K immediately lost in student benefits / wtc that we wuldn't get obv)

Original poster
RanToTheHills · 23/10/2006 11:01

what's this about 7-seaters everybody? you all got huge families, or what?!
and what's BIBC peachy?

OP posts:
SparklyGothKat · 23/10/2006 11:05

Pay off debt
have a holiday
and blow the rest on my family..