What would be something you might get for yourself? A lot of us do not get things because it is not the right time, or I'll get it later or I'll get the kids clothes then I'll get that CD.
Just curious
2006-11-15 16:26:08 · 10 answers · asked by cruisingalong 4 in Business & Finance ➔ Personal Finance
I received a similar amount from my deceased parents estate.
90% is being invested for mine and my family's future. But with about 10% I bought some things I really wanted for myself and my family. I tried not to waste it on little things like Cd's that I could work into my weekly budget, but instead got the kids new beds and a few things we had been wanting for a while. This computer was one of those purchases, and we took a family holiday on the Indian Pacific train across Australia.
After losing both my parents in recent years I needed some retail therapy, but I still have the rest of my life to think about and kids to provide for. So investment is the wisest thing to do with a lump of cash like that, no matter where it comes from.
2006-11-15 16:46:34 · answer #1 · answered by Curious1 3 · 0⤊ 0⤋
I personally would get some clothes and shoes to look and feel nice. Then save the rest for a house. Then the last thing, my future wife! lol seriously.
You should just save it up in a bank for a house. That is the most reasonable one.
2006-11-16 00:36:59 · answer #2 · answered by Anothersliceplease! 2 · 1⤊ 0⤋
I would give away 10% to my church or the needy to thank God. Then I would give a lot to my parents, some to my siblings, some to my children, and what ever is left I would fulfill some of my dreams such as a garden in my yard.
2006-11-16 00:35:03 · answer #3 · answered by winkcat 7 · 0⤊ 0⤋
It's really not that much money anymore is it? So I would give $5000 to each of my siblings (3 in total), $25,000 to my mum and the condition would be that they "blow it" on themselves. The rest, well a nice vacation with my hubby and son and then maybe a new vehicle for me. That should take care of it all.
2006-11-16 00:37:16 · answer #4 · answered by patti duke 7 · 0⤊ 1⤋
I would buy a house. Or I use it, or I rent it. Anyhow I would benefit from that investment. It is also for the future of my family by doing that. This I think is the best.
2006-11-16 01:03:25 · answer #5 · answered by Mircea 2 · 0⤊ 0⤋
Use 50% to pay the downpayment of a house, use 20% to buy shares, use 20% to buy bonds/unit trusts or other and insurance for my family and self, use 10 % to treat my beloved family and buy what i really need for my daily essentials. That would be what i will do.
2006-11-16 00:36:21 · answer #6 · answered by Larina 2 · 1⤊ 1⤋
Well first off don't give it to your church like someone said. You won't make moe money doing that, only lose it. Invest it in real estate. You will get the best return on your investment in real estate.
Check out http://www.CreditCardHelpDesk.com for good info on investments.
2006-11-16 01:25:30 · answer #7 · answered by Anonymous · 0⤊ 1⤋
I'd flip my Chips. Spending it would most clearly be the most unintelligent thing to do with it. That's why people stay poor. They spend money when they get it, instead of getting more money from the seed money they get.
2006-11-16 00:33:23 · answer #8 · answered by Answerer 7 · 1⤊ 1⤋
Put it in a 529 plan for my kids college education.
2006-11-16 08:07:56 · answer #9 · answered by frugernity 6 · 0⤊ 1⤋
mine went in the bank --
2006-11-16 00:33:51 · answer #10 · answered by confused 6 · 1⤊ 0⤋