I have paid into a life assurance policy for 10 years, and it finishes this month. So far I have paid for my DH to go on a little holiday for a break. The remaining money comes to £2k. I'm 35 and I have 2 kids (4 & 2) and a baby due in May. What should I do with this money do you think? Mortgage? Family holiday? Clothes for after the baby? Thanks
2007-03-11 20:59:16 · 18 answers · asked by dashabout 3 in Business & Finance ➔ Personal Finance
if u really want to spend it, rather than saving it incase of emergencies, then i'd suggest that u take an averaged priced holiday, and put the rest on the mortgage. have u tried somewhere like centre parcs for a holiday ? the kids would love it, and it wouldn't take up all your money. i'd probably put £1,000 towards the holiday & maybe a couple of new outfits for yourself, and then put the other £1,000 on the mortgage. whatever u choose, i hope u have a good time using the money.
2007-03-11 21:08:32 · answer #1 · answered by Anonymous · 2⤊ 0⤋
I know this isn't terribly helpful, but why don't you just stick it into a savings account for now and see what happens after your baby is born. I find that I make too many rash decisions when I have money to spend and end up blowing it then regretting it later.
2007-03-11 21:19:29 · answer #2 · answered by Rachael H 5 · 1⤊ 0⤋
Holiday
2007-03-11 21:01:37 · answer #3 · answered by Anonymous · 0⤊ 1⤋
would you benefit from a holiday before baby comes? lets face it you will not have much time for yourself when baby arrives, i personally would have a family holiday spend some time with kids but this is up to you
2007-03-11 21:30:44 · answer #4 · answered by nicolefrenzy 6 · 0⤊ 0⤋
Hmm, I would say save it for the kids education, but England takes care of their kids and their education, LOL! I would buy one extravagent fun thing for your family and then put the rest into a high-yield money market account and forget about it. It can be your emergency money fund, plus it will collect intrest, nothing like free money!
2007-03-11 21:05:35 · answer #5 · answered by Tanzy 2 · 2⤊ 1⤋
£500 for one or two special items for youself. Preferably something that will keep or rise in value.. some antiquity of your choice.
£500 x 3 in to savings accounts for your children. Maybe ISAs if under 16s can have them.
2007-03-11 21:04:16 · answer #6 · answered by Narky 5 · 4⤊ 0⤋
you should put the money away so that if anything comes up after the baby is born you will have some extra money to take care of the problem
2007-03-11 21:06:40 · answer #7 · answered by Karen A W 1 · 3⤊ 1⤋
Save it - but I guess you could spend a part of it buying something that the whole family would enjoy...
2007-03-11 22:29:44 · answer #8 · answered by cherrichoc 2 · 0⤊ 0⤋
Open a savings account and thats it. If you need cash just withdraw the amount you need. You may give some to me(JOKE).
2007-03-11 21:08:20 · answer #9 · answered by Anonymous · 2⤊ 0⤋
invest in shares that are reliable and increase in the short term such as microsoft,or shares in other countries in which the pound is worth more
2007-03-11 21:08:08 · answer #10 · answered by Anonymous · 1⤊ 0⤋