debbie Posted January 15, 2008 Share Posted January 15, 2008 What would you do if you came into some money ? say 70,000 to 100,000. I thought it would be quite easy to decide, but when I thought about it I wouldn't know wether to spend or keep it for old age as security or something like that. There is a program on the TV who traces members of a family of a person who has died and haven't left a will. Just got me thinking........what would you do. Quote Link to comment Share on other sites More sharing options...
CatsCube Posted January 15, 2008 Share Posted January 15, 2008 Sell the house and move to California Then again Im already looking at house prices and jobs out there. Quote Link to comment Share on other sites More sharing options...
Olly Posted January 15, 2008 Share Posted January 15, 2008 pay off (part of) the mortgage! I'd probably keep a little bit aside for something nice that I couldn't usually afford. And give some away - I'd treat my friends to a weekend away, and make a donation to charity. If you get good luck, you should always pass some of it on! I don't think it's likely though, no long-lost relatives in my family, I know exactly where and who they all are. Quote Link to comment Share on other sites More sharing options...
Guest Posted January 15, 2008 Share Posted January 15, 2008 hmmm, depends whether we could get a really good interest rate if we saved it, otherwise we'd pay off the mortgage. I think you have to blow a bit of it so, we'd buy a cube and have someone come and build a bigger run! Quote Link to comment Share on other sites More sharing options...
ubereglu Posted January 15, 2008 Share Posted January 15, 2008 Give most of it to my parents so we can move to a house with a bigger garden for the chickens to romp! Also I'd give some to the rest of my family too, but more to Vikki and Dave in the hope that he'll find a job soon and they can get their wedding pans sorted out! (Seriously a bit of a non starter at the minute, but that's another story). Quote Link to comment Share on other sites More sharing options...
Egluntyne Posted January 15, 2008 Share Posted January 15, 2008 Get Cinnamon's husband to come and build me a conservatory and buy myself a Stressless chair. Quote Link to comment Share on other sites More sharing options...
BeckyBoo Posted January 15, 2008 Share Posted January 15, 2008 Save some for the children for when they're older, put the rest towards a bigger house, or rather a house with more land, therefore more animals and more chickens!! Now, if I won the lottery, I mean millions, well you could change SO many lives, pay off all my friends mortgages, if we didn't have a mortgage each month we'd be laughing. Put the kids through private school (I know they're not necessarily better but I went to one but can't afford one for my three) give SHED loads to charity, and - same again - buy a house with land and have animals and chickens!! Oh yes, did I mention give up work, that'd be the very first thing I did! Someone at work came into £400,000 lucky lucky so and so, he didn't think twice, jacked it in and was last seen laughing into the sunset! Mrs Bertie Quote Link to comment Share on other sites More sharing options...
bronze Posted January 15, 2008 Share Posted January 15, 2008 Pay off most of the mortgage I would then enjoy a stress free life with the money that we had extra eachmonth. Quote Link to comment Share on other sites More sharing options...
cammy73 Posted January 15, 2008 Share Posted January 15, 2008 I would do the normal and pay off most of the mortgage, wouldn't it be good to be mortgage free?? I can dream!!! sharon x Quote Link to comment Share on other sites More sharing options...
Guest Posted January 15, 2008 Share Posted January 15, 2008 Use it as the deposit for a couple of flats. I need the pension! Quote Link to comment Share on other sites More sharing options...
Tiggy Posted January 15, 2008 Share Posted January 15, 2008 sell the house, move to Ireland & but a plot & live the good life, Oh we can dream Quote Link to comment Share on other sites More sharing options...
Tessa the Duchess Posted January 15, 2008 Share Posted January 15, 2008 Use it as a deposit to buy my children a flat each, so hard to get on the property ladder these days Also send a BIG donation to BHWT Tessa Quote Link to comment Share on other sites More sharing options...
Clur Posted January 15, 2008 Share Posted January 15, 2008 I'd build a conservatory, do a garage conversion (for a playroom), buy a cube, pay off some bills and try to save a little. Of course it would also enable me to spoil our families a bit too. I would also pay for marriage guidance as my hubby would be trying to spend the whole amount on a (very) flash and impractical car..... Quote Link to comment Share on other sites More sharing options...
Snowy Posted January 15, 2008 Share Posted January 15, 2008 Definitely pay off the mortgage! On the same note, did anyone hear an interview last week (I can't remember who or when ) It was on the radio, possibly Jeremy Vine, and an expert was supporting inheritance tax. Because "people don't save money for their children to inherit, they save to fund their care in old age. And if children inherit, the first thing they do is pack in work, drop out of the work system and stop contributing to the economy" I was speechless! Quote Link to comment Share on other sites More sharing options...
chelsea Posted January 15, 2008 Share Posted January 15, 2008 I'd pay off the mortgage, sell up and move to the highlands of scotland in a little cottage by the loch with a big garden and no neighbours, get more chooks! Quote Link to comment Share on other sites More sharing options...
Shirl Posted January 15, 2008 Share Posted January 15, 2008 I think we'd pay off our mortgage or buy a holiday home in Italy. It would depend how pratical we were being at the time. If we paid off our mortgage we'd just squander the extra money so it probably wouldn't be a great idea. Quote Link to comment Share on other sites More sharing options...
Charlottechicken Posted January 15, 2008 Share Posted January 15, 2008 With £100,000 I think I would buy a little flat to rent out and start using the income from it to do all the jobs that need doing on my house, and that way I keep the capital too If I won millions, I would invest a substantial amount and use the interest each year to play 'fairy godmother' to any of those hard luck stories you see in the media, and any other good causes I could think of. Also I would buy a portfolio of freehold properties to rent out and provide an income. Then I could buy a lovely house with more garden, for chooks and veggies Of course I would have to give up my wonderful job to have time to do this, but sacrifices have to be made Quote Link to comment Share on other sites More sharing options...
Lailapet Posted January 15, 2008 Share Posted January 15, 2008 If I suddenly got £100000 from somewhere I'd pay off the debts I have in the UK (have considered declaring myself bankrupt, but am not sure how it would impact on my life here in Denmark so still paying it off a little every month) then I'd buy a new car and treat my children and myself to a complete new wardrobe... I might put some aside for a deposit on a new home. We're renting at the moment so don't have a mortgage, but I've seen some lovely plots of land for sale in the vilage where the children's school is, so that seems a sensible place to live. I like the idea of building my own house - or at least having some builders build it for me as I'm better at decorating than the heavy bits. I'd also give generously to charities and nice presents for friends and family, but I'm selfish enough to think of myself first. Ahh the dreams... Laila Quote Link to comment Share on other sites More sharing options...
Basset Posted January 15, 2008 Share Posted January 15, 2008 It would be lovely to come into a big windfall like that. I'd be boring though, and use it to reduce our mortgage. Quote Link to comment Share on other sites More sharing options...
little chickadee Posted January 15, 2008 Share Posted January 15, 2008 We would pay off some of our mortgage and put down lots of deposits on other property to rent out. Pensions seem to be a joke! Quote Link to comment Share on other sites More sharing options...
fairy&cake Posted January 15, 2008 Share Posted January 15, 2008 i would give my aunt whoe very very ill £10k, I would pay some of my morgage off. I would send my Nan and grandad on a little holiday as there both terminally ill. ANd i would invest the rest. If i won millions, i would pay off all my close families morgage, appart from my parents, [their rich enough] and i would go into the chuldrens ward, write a list of all the toys the children wanted and buy them all. I would buy as many houses as i could, and rent them out to people making just enough to cover morgages etc. And any left over i would save. Quote Link to comment Share on other sites More sharing options...
