KingM Posted October 18, 2010 Share Posted October 18, 2010 ...just for fun. You open the mail today to find out you are getting a nice, but not huge windfall. An uncle died and left you some money or maybe your company was bought out and you had some stock options, or maybe you won a drawing from those Cheerios box tops you sent in. The amount is $30,000. What would you do with it? Quote Link to comment Share on other sites More sharing options...
unsinkable Posted October 18, 2010 Share Posted October 18, 2010 ...just for fun. You open the mail today to find out you are getting a nice, but not huge windfall. An uncle died and left you some money or maybe your company was bought out and you had some stock options, or maybe you won a drawing from those Cheerios box tops you sent in. The amount is $30,000. What would you do with it? Vacation!!!! Home Repairs!!! Savings!! Quote Link to comment Share on other sites More sharing options...
creekland Posted October 18, 2010 Share Posted October 18, 2010 College bills (so for the moment, in savings, but not for long) Vacation Dinner out! Quote Link to comment Share on other sites More sharing options...
Pamela H in Texas Posted October 18, 2010 Share Posted October 18, 2010 Mostly, we'd save it due to our situation. **I would definitely have hubby go get our stuff from Texas. **I would definitely buy the coat I want so I don't freeze up here this winter (thanks to everyone for suggestions. I'm gonna work through them!). **I'd pay for my mom a ticket to come visit us in December. **I'd pay some troubling bills. And the rest would be saved. We want to keep a good bit of money available due to our circumstances. We need enough to live off of while out of work. Quote Link to comment Share on other sites More sharing options...
LibraryLover Posted October 18, 2010 Share Posted October 18, 2010 College Quote Link to comment Share on other sites More sharing options...
elegantlion Posted October 18, 2010 Share Posted October 18, 2010 Move (which we are already doing) pay off some debt fix the cars visit the dentist put away some money for house payments have my dh take off the entire winter to 1. fix the house, 2. relax, 3. work on some personal projects. buy some books Quote Link to comment Share on other sites More sharing options...
Tiff in TX Posted October 18, 2010 Share Posted October 18, 2010 Knock out a little over a half of DH's student loans... Quote Link to comment Share on other sites More sharing options...
Donna A. Posted October 18, 2010 Share Posted October 18, 2010 Pay off some debt and leave a couple thousand in the bank for an Emergency Fund. Quote Link to comment Share on other sites More sharing options...
LibraryLover Posted October 18, 2010 Share Posted October 18, 2010 I also have a couple of places (school library, for one) where I would love to make a giant donation. I have this now not-so-secret desire to fund a school library and name it after a relative. College. 4 kids. It would have to be a really big windfall. Quote Link to comment Share on other sites More sharing options...
Annie Posted October 18, 2010 Share Posted October 18, 2010 We would probably take $1000 to get a couple fun things, and the rest would likely go on the house. We're trying to pay down the mortgage. Quote Link to comment Share on other sites More sharing options...
duckens Posted October 18, 2010 Share Posted October 18, 2010 Divide it among these 3 categories: 1) Split it between the two kids' college funds. (I always worked 2-3 jobs simultaneously while going to college, and I never finished. I don't want my daughters to have to go through what I did. There are tears involved.) 2) Put a down payment on a house. 3) Drop it into a retirement fund. Or, if we want to be superfluous, buy a Prius or a minivan instead of the very sensible Corolla we will order next month. Quote Link to comment Share on other sites More sharing options...
patchfire Posted October 18, 2010 Share Posted October 18, 2010 ...just for fun. You open the mail today to find out you are getting a nice, but not huge windfall. An uncle died and left you some money or maybe your company was bought out and you had some stock options, or maybe you won a drawing from those Cheerios box tops you sent in. The amount is $30,000. What would you do with it? Go out to eat someplace fancy tonight. :) Finish getting the house ready to sell. Pay off our student loans. Quote Link to comment Share on other sites More sharing options...
Chris in VA Posted October 18, 2010 Share Posted October 18, 2010 Pay off my credit debt. Get a few furniture pieces. Do a couple fun things, so everyone felt treated a little. Contribute some to church Save the rest for college and co-op class. Maybe pay for therapy for ds21. Sigh. It'd go awfully quickly around here.:tongue_smilie: Quote Link to comment Share on other sites More sharing options...
MBM Posted October 18, 2010 Share Posted October 18, 2010 I would invest all of it unless I had debt that was costing me interest payments. I actually am in that situation, except I receive money every month and, yes, all of it gets invested. I'm so tight, I squeak when I walk! :D Quote Link to comment Share on other sites More sharing options...
littlebug42 Posted October 18, 2010 Share Posted October 18, 2010 Pay off debt Quote Link to comment Share on other sites More sharing options...
Melinda S in TX Posted October 18, 2010 Share Posted October 18, 2010 Build our dream home. Blessings, Melinda Quote Link to comment Share on other sites More sharing options...
KatieJ Posted October 18, 2010 Share Posted October 18, 2010 Put it against the mortage of our home ( only debt we have) or remodel the bathrooms. If you asked my DH, he would probably say Hawaii.... Quote Link to comment Share on other sites More sharing options...
cdrumm4448 Posted October 18, 2010 Share Posted October 18, 2010 Invest 100% of it. Quote Link to comment Share on other sites More sharing options...
Perry Posted October 18, 2010 Share Posted October 18, 2010 Buy a new car. Put the rest in the college fund. Quote Link to comment Share on other sites More sharing options...
Meriwether Posted October 18, 2010 Share Posted October 18, 2010 Romodel my 30+ year old kitchen. I have to turn my oven on with a screwdriver. Quote Link to comment Share on other sites More sharing options...
KingM Posted October 18, 2010 Author Share Posted October 18, 2010 Romodel my 30+ year old kitchen. I have to turn my oven on with a screwdriver. :lol: Not to laugh at the situation, but that gave me a chuckle. I've been there before. Maybe not with my oven, but with other appliances on life support. Quote Link to comment Share on other sites More sharing options...
Luckymama Posted October 18, 2010 Share Posted October 18, 2010 We actually had this happen in 2001. I opened the mail one day to find a $20,000 check from my grandmother, who was passing on money she inherited from my great-aunt (she said she didn't need it, which was true). I just about threw up, put littlest dd in the car, and drove straight to dh's office. Dd is named after my grandmother and great-aunt, btw. We were able to buy our first house just a few months later :) I used to say thank-you to my great-aunt and grandmother every time I entered that house. We never thought we'd be able to buy a house as we didn't have the down payment money saved. I still get verklempt thinking about it :) Quote Link to comment Share on other sites More sharing options...
Meriwether Posted October 18, 2010 Share Posted October 18, 2010 :lol: Not to laugh at the situation, but that gave me a chuckle. I've been there before. Maybe not with my oven, but with other appliances on life support. That's alright. I laugh at the situation, too. It goes along with the stove. The knob to the big burner is broken. I also can't can on it because the hood is only about 20 inches above the stove. The refrigerator will freeze my fruit even on the lowest setting. We've been living here a year and still haven't decided whether to fix what is broken, redo the whole kitchen (which is very poorly laid out), or live with it until we are transferred again. Quote Link to comment Share on other sites More sharing options...
LuvToRead Posted October 18, 2010 Share Posted October 18, 2010 We're currently saving for a generous down payment on a house, so I would give some to the church, and save the remainder. Quote Link to comment Share on other sites More sharing options...
DarcyB Posted October 18, 2010 Share Posted October 18, 2010 pay off all of our outstanding debt (not house), take a vacation to England, save the rest :) Quote Link to comment Share on other sites More sharing options...
K-FL Posted October 18, 2010 Share Posted October 18, 2010 Pay off some debt and leave a couple thousand in the bank for an Emergency Fund. :iagree: Quote Link to comment Share on other sites More sharing options...
scrappyhappymama Posted October 18, 2010 Share Posted October 18, 2010 Bulk up the emergency fund and then pay down student loans. Quote Link to comment Share on other sites More sharing options...
Ottakee Posted October 18, 2010 Share Posted October 18, 2010 We just got some money--not that much but we: 1. Fully funded our emergency fund---we now have 6 months of living expenses in a money market account earning 4% interest. 2. Pay off the car loan--our only debt as the house is paid for 3. We tithed 10% but instead of to our church we carefully chose some missionaries/special funds that we gave to. 4. Set aside 10% to spend as we wanted---I am getting a new computer this week. We will likely use some for a vacation, etc. Nothing huge or exciting but we are now sitting debt free with 6 months living expenses in the bank and are ready to focus more on investing for retirement yet the 10% we kept to spend is still a really nice "treat". Quote Link to comment Share on other sites More sharing options...
Tree House Academy Posted October 18, 2010 Share Posted October 18, 2010 With 30K, we would finish paying off dh's car and split the rest between savings and the mortgage. Our goal is to have everything paid for in the next 10 years and to be good stewards of our money. We have our "play" money every month...larger sums, like dh's bonus, go toward the ultimate goal of having 100K in savings and owing NOTHING by 2020. Quote Link to comment Share on other sites More sharing options...
Pippen Posted October 18, 2010 Share Posted October 18, 2010 That amount would almost cover the remaining amounts on our house and truck. That would be nice. :001_smile: Quote Link to comment Share on other sites More sharing options...
Crissy Posted October 18, 2010 Share Posted October 18, 2010 I would worry less about whether or not my son will get a scholarship for college. Quote Link to comment Share on other sites More sharing options...
Parrothead Posted October 18, 2010 Share Posted October 18, 2010 I'd pay off the truck which has a bigger monthly than my mortgage, go shopping with about 5,000 of it, and plop what ever is left in the savings. Quote Link to comment Share on other sites More sharing options...
mommyto4 Posted October 18, 2010 Share Posted October 18, 2010 I would redo our very dated, falling apart kitchen, pay off our line of credit and some of the mortgage. I would put away a couple thousand for savings, too. Quote Link to comment Share on other sites More sharing options...
momofkhm Posted October 18, 2010 Share Posted October 18, 2010 Tithe and then vacation and college (last 2 not necessarily that order). Quote Link to comment Share on other sites More sharing options...
nd293 Posted October 18, 2010 Share Posted October 18, 2010 Straight into the mortgage! Then after it's lowered interest payments for a few years (while we continue paying the full repayments, of course), we might take a small amount for a holiday. Quote Link to comment Share on other sites More sharing options...
Impish Posted October 18, 2010 Share Posted October 18, 2010 Hmm. Pay off all debts. Get Wolf and I the dental work we need. Winter gear/entire wardrobes for the whole family. After that, I'd throw it into the best savings situation as possible (T bills, or whatever) so that whenever WCB is done with me, I could go apply for pre-approval on a mortgage and go farm hunting :D Quote Link to comment Share on other sites More sharing options...
Baseball mom Posted October 18, 2010 Share Posted October 18, 2010 Pay off credit card Pay off van Get new appliances/furniture to replace the ones that are broken beyond repair (not worried about fancy, just want something that works) New windows -- seen that commerical where the couple is sitting on couch with coats on and curtains blowing. The woman tells hubby to close the window and he says "it is closed". That is about how it is here. Emergency Fund Give some to church Rest put on mortage Yeah I dream about getting a windfall but know it isn't going to happen. Quote Link to comment Share on other sites More sharing options...
Jean in Newcastle Posted October 18, 2010 Share Posted October 18, 2010 I thought you meant a windfall - like a bunch of apples off the tree. I was thinking applesauce! But since you mean money. . . remodel the kitchen or the deck. 30K does not go very far. Quote Link to comment Share on other sites More sharing options...
Impish Posted October 18, 2010 Share Posted October 18, 2010 But since you mean money. . . remodel the kitchen or the deck. 30K does not go very far. No kidding. Btwn Wolf and I getting our dental issues cared for (the meds I'm on turn my teeth to chalk) I figure that would knock out about $15k. Easily. Quote Link to comment Share on other sites More sharing options...
gingersmom Posted October 18, 2010 Share Posted October 18, 2010 $30,000 would be nice but not a windfall. Now $100,000 might get me very excited!! I think I would take my kids on vacation and bank the rest. Or I would use the $30,000 to make fixes on my house and then put it up for sale. Quote Link to comment Share on other sites More sharing options...
OnTheBrink Posted October 18, 2010 Share Posted October 18, 2010 Pay off my house. Quote Link to comment Share on other sites More sharing options...
Wendi Posted October 18, 2010 Share Posted October 18, 2010 Hmm... $3,000 to our church $10,000 to pay off dh's car $2,000 (approx.) for new family room furniture $3,000 (approx.) for various home repairs/updates $12,000 in savings Wendi Quote Link to comment Share on other sites More sharing options...
WarriorMama Posted October 18, 2010 Share Posted October 18, 2010 $30,000 would be nice but not a windfall. Now $100,000 might get me very excited!! I hear that! Makes me feel really old. It wasn't so long ago that THREE thousand dollars would have seemed like more money than I'd know what to do with...now I'm sitting here thinking "$30,000...that wouldn't really go that far..." :lol: Not that I'd turn up my nose at $30,000 by any means! Quote Link to comment Share on other sites More sharing options...
KingM Posted October 18, 2010 Author Share Posted October 18, 2010 I hear that! Makes me feel really old. It wasn't so long ago that THREE thousand dollars would have seemed like more money than I'd know what to do with...now I'm sitting here thinking "$30,000...that wouldn't really go that far...":lol: Not that I'd turn up my nose at $30,000 by any means! I did specify nice, but not huge. ;) So here's what I've decided to do: 5,000 - fund my wife's Roth IRA for the year. 3,000 - added to a mutual fund we own 8,000 - a money market set aside to buy a second car in a couple of years 2,000 - a stock that I'd been eying that pays a nice, safe dividend 3,000 - the vacation fund :D 9,000 - I'm saving this in the bank until taxes are figured out, just in case. We had a nasty tax bill last spring that caused some stress. Quote Link to comment Share on other sites More sharing options...
Renee in NC Posted October 18, 2010 Share Posted October 18, 2010 Move back to NC now, instead of waiting until next spring. It would give us a good cushion while we get settled. I would also buy my dh a new (to him) vehicle to drive - the rusted out old minivan he is driving now is terrible! I would also pay cash for braces for my 12yo (his teeth/jaw are BAD and it is going to be expensive to fix.) After we got settled (and I got a job), I would use it to pay some debts that need to be paid. $30,000 would be a HUGE windfall for us and could very well turn our lives around even faster than our current plan. Quote Link to comment Share on other sites More sharing options...
WarriorMama Posted October 18, 2010 Share Posted October 18, 2010 I did specify nice, but not huge. ;) So here's what I've decided to do: 5,000 - fund my wife's Roth IRA for the year. 3,000 - added to a mutual fund we own 8,000 - a money market set aside to buy a second car in a couple of years 2,000 - a stock that I'd been eying that pays a nice, safe dividend 3,000 - the vacation fund :D 9,000 - I'm saving this in the bank until taxes are figured out, just in case. We had a nasty tax bill last spring that caused some stress. Sounds like a solid plan! Realizing I never answered the original question - I think we'd upgrade to a minivan sooner than we'd planned, pay debt, and move. And buy books...so many books... Quote Link to comment Share on other sites More sharing options...
Tutor Posted October 18, 2010 Share Posted October 18, 2010 1. Pay off debt. 2. Get a muffler for my truck. 3. Repair chest freezer or buy new one. 4. Buy dd13 a decent bed. 5. Piano lessons for kids. 6. Set the rest aside to supplement income while dh finishes school. Quote Link to comment Share on other sites More sharing options...
6packofun Posted October 18, 2010 Share Posted October 18, 2010 That's *not* huge??? LOL! Mmm, we'd be fixing dh's car or getting another good used one and putting the rest in the bank until we could add to it and use as a downpayment on our own house, AT LONG LAST. Quote Link to comment Share on other sites More sharing options...
myfunnybunch Posted October 18, 2010 Share Posted October 18, 2010 Oooo. I like this post. $30,000 sounds like a good chunk of change to me! We would.... Pay off remaining debt. We're very close, so it wouldn't take much. New roof. (Also wouldn't take much, as we got an unexpected royalty check in the mail so we've already got about half.) Vacation. College savings and retirement for the rest. :) Cat Quote Link to comment Share on other sites More sharing options...
newbie Posted October 18, 2010 Share Posted October 18, 2010 Buy a car, clothes and have nice holidays and sock away the rest. Quote Link to comment Share on other sites More sharing options...
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