How much difference would a hundred thousand dollar lottery prize make in your life?

Question

I realize that $100,000 isn't a great deal of money, but still I'm curious as to how it might change your life if at all.

Answer 1

I would put a down payment on a home.

Answer 2

The more money you have the more problems and worries. I've been there! My life is simpler now and I have peace of mind. I had a stroke, caused by stress, so I got rid of the house, the car, stopped working ( a lot of stress there too). And now I do not want to get back to something like this. If I won the lottery, I would give most of it to friends who need it more than I do, and to charities.

Answer 3

Dude, $100,000 not a lot of money????
That's around what a successfull physician CAN make (not does make) in a YEAR? That's a lot of moeny, Donald Trump would call that a lot of money. I would expand my business, update my office, pay off my home, and my car, and my credit cards, and still have enough for one HUGE PARTY!!!! (of course with no debt I could give more to the charities and family members that need it)

Answer 4

We would be able to use to build the house of our dreams, & invest in our kids education
The smartest thing would be to invest in RRSP and then use that tax credit/refund to put a down payment with a builder, sell our current home and still have the house built. The money we are paying for mortgage could then be invested for the kids education

Answer 5

$100,000 may not seem like a great deal to some, but as a senior raising 5 grandchildren twin 5yr olds, a 6 yr old and two teens it would make a huge difference in what my frig holds, less pasta more meat!!

Answer 6

It would make a huge difference. I would stop worrying about whether I will be able to pay pff my student loans when I graduate from college. I would be able to start an education fund for my six year old brother so that my concerns would never have to cross his mind. Also, I would be able to help my grandmother get out of debt. So yes, it would make an incredible difference.

Answer 7

Main differences:

My Bank Account would be added with $100,000,

My relatives and friends will admire me and praise me in front but envy off the face,

Terrorist groups may demand for ransom,

My wife, children and ME would be more comfortable but severely tensed.

Answer 8

it would be a huge difference for me personally. i could pay off my car and my boyfriends car, get my parents out of debt, take care of my credit cards, and pay my rent for a few months, and concentrate on saving a little more money to put towards my childs college education instead of every paycheck being gone before i get it. at least for a little bit. payin off our cars and being able to go from full coverage to liability alone would put 750 dollars a month in savings for my child.

Answer 9

It will change your lifestyle -- improve it as you can use it to clear debts, buy stuff etc.
Chances are you will squander it faster than you think as you get it for free.
If anyone strikes lottery -- do your financial management and exercise self-discipline before everything is gone.

Answer 10

Wouldn't change mine very much at all. I would buy my husband a new Harley and the rest would simply be added to my retirement investment accounts.

Answer 11

I know it would cange mine because of the financial posistion Im in. It would most definantly make things easier. I hear that most poeple who win money or inheret money piss it away with in a couple of years