I have a few checking and savings accounts. I have a Roth and other investment accounts. I have college savings funds for my kids since they were babies, I have my new car almost paid off. I am in the process of buying a new house. My husband and I are almost legally divorced and I am getting a steady income from my business the business I created and continue to a sales generator for. I am by no means Rich, but It's not like I need anything. In a way, I kind of feel like it giving it away, like to ione of my brothers, or parents. But my parents are well off. Hmmm. what to do? It's burning a hole in my pocket!
2007-07-02 05:07:11 · 10 answers · asked by ani 4 in Business & Finance ➔ Personal Finance
Invest half of it in your kids' college education...the more the better and the other half make a charitable contribution to the March of Dimes on behalf of your children...or donate some playground equipment to a park that you and your children attend, in their names. If you have a homeless shelter donate the money, specifically earmarked for things like bedding or hygiene products for the people who use their services. What about a Safe Home for battered woman? What about a college scholarship...you'd have to contact your local college, but something for woman who are recently divorced and trying to improve their life situation?
Was there a club or organization that you were in when growing up, such as girl scouts, or 4-H? When a relative died in my family they donated to the county 4-H for college scholarships.
Best of luck! You may be able to find something to spend it on, but it won't be near as rewarding as if you donated it to a good cause...and on a business side it is tax deductible?
2007-07-02 05:20:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Hi ani... :]] .. here's what i think.... any hi bread, normal thinking, easy keeper, all american gal, with a winning lotto ticket like that has some options....
....It is knwon that wemen think much more rationally after a hairdo...the more famose the 'doer' the better she thinks...start there..
A new outfit helps a good woman prioritize important issues..especially in cases involveing money..get this 'step' out of the way as soon as possible..
One 'thinks' clear-er, after a hearty night out dinning and socializeing..helps the female ideology get grounded..aparently..
After these criteria are met, it is then only a debate of how to best dispence with the remaining lump sum..
So..my advice on how to invest the remaining 50 bucks is this...buy as much Halliburton as you can afford, and put the remainder of your winfall in your piggy bank.
It would be a shame to waist it.
" I was rich once my own self...spent most of my money on booze, women, horses, moteorbikes, and drugs, the rest i just waisted."
An addict said that...impressed the hell outta me... i was impressed by him, but i didnt vote for him.
2007-07-02 07:37:57 · answer #2 · answered by olddogwatchin 5 · 0⤊ 0⤋
It sounds as if you have your financial house in fairly good order. Personally I'd be putting it towards the new home. Alternatively I'd put it in a CD with at least a 6 month term until the fire goes out and then give it a re-think with a clear head.
2007-07-02 05:13:54 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Save a 1/3, spend a 1/3 on yourself - splurge do something you would never do or throw a party for friends & family, give 1/3 away to a charity of your choice. Or to someone who really would appreciate a windfall like $3300 where it would make a difference in their life. Like you said, give it to a brother or sister who maybe could use it, or a friend who could and would really appreciate it.
You are lucky to be able to do something like that. Congrats!
2007-07-02 05:14:23 · answer #4 · answered by MELANIE 6 · 0⤊ 0⤋
Personally, I would take some out and enjoy, like take a vacation and then invest the rest in a mutual fund or CD with the highest yield. Have your money make money for you.
2007-07-02 06:05:51 · answer #5 · answered by anonymous100 3 · 0⤊ 0⤋
I would put in a 6 month CD or Money Market where it is drawing interest while you decide the strategic move to make with your money.
2007-07-02 05:15:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you are getting ready to buy a home, put the money aside for the down payment or for home improvements.
2007-07-02 05:11:32 · answer #7 · answered by halestrm 6 · 0⤊ 0⤋
Find a guy that looks like Favio and have a good time.
2007-07-02 05:15:28 · answer #8 · answered by Clown Knows 7 · 0⤊ 0⤋
I would go on my dream vacation!! I'd take my kids with me!!
2007-07-02 10:31:11 · answer #9 · answered by Shawnee 5 · 0⤊ 0⤋
give it all to me. lol
2007-07-02 05:12:15 · answer #10 · answered by free taco 1 · 0⤊ 0⤋