2007-11-28 11:32:57 · 52 answers · asked by Mel 2 in Business & Finance ➔ Personal Finance
Invest it! Not everyday do you have the chance to come around that kind of cash. After spending maybee $1K for some fun stuff, i would put the other $19K in misc funds.. this is what i would do...
$1,000- Shoping/ fun money
$4,000- Secure Savings account or CD's (Certificate of Deposits)
$7,500- Invest into the stock market (mutual funds are your best bet)
$7,500- Payoff any bills you can, (focusing on the higher interest ones first, if you dont have any bills to payoff. I would invest this money too or just throw it in another CD to gain interest on it.
Good luck!
2007-11-28 11:40:52 · answer #1 · answered by Anonymous · 3⤊ 0⤋
I would do something I have never been able to do would give my kids a good christmas and instead of going to get help from the trustee or united way I would use some to help those less fortunate. Return the favor that so many have granted me. And maybe splurge and try to find a animal at the local shelter my kids have been begging to get that I havent been able to afford. I'm a single dad with full custody of my kids and with no help coming in it would go to them. And others around us.
2007-11-28 12:29:12 · answer #2 · answered by Seth 2 · 1⤊ 0⤋
I would take a 10-day cruise to the Mexican Riviera (West Coast of Mexico) and then save the remainder in an interest-bearing account.
2007-11-28 14:19:31 · answer #3 · answered by robertcfranklin 2 · 0⤊ 0⤋
I would pay off some bills, get a decent used car and donate to several local charities in my area who are really needing assistance to help others.
Go shopping?? How selfish is that??
2007-11-28 15:45:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Pay bills. Be a good Santa for my 4 year old. Give a few toys to Toys of Tots. Save some for my next bills and emergencies.
2007-11-28 11:38:16 · answer #5 · answered by yolkyolk 5 · 1⤊ 1⤋
flip it.
personally since I'm into cars... (this might not make much since to you)
I'd buy 2 Honda or Acuras.. between 88-01 for cheap. preferably a base model. throw some hopped up engines in them. change out the wheels and suspension. throw a racing seat in it and roll cage. to build each would cost ME about 3-5k and sell them for about 8-12kand keep doing it over and over again.
then after I've made all my cash back... I'd take my daughters (3&4) on a long road trip in my dad's RV to the St. Judes childrens hospital and make rip them a check.. family first after making some decent cash.
2007-11-28 11:40:44 · answer #6 · answered by Mr. Mean Mugg 3 · 0⤊ 2⤋
I would put it towards my daughters college bill. She owes 3 times that at a 19% interest rate.
Oh yeah, I would first give 10 % to my church
2007-11-28 11:41:04 · answer #7 · answered by beatlemania 3 · 2⤊ 1⤋
Honestly, I'd give a portion of it back to charity, save a portion and pay off some of my revolving debt with it....
So, when am I getting the check? lol....
2007-11-28 12:23:39 · answer #8 · answered by Coltsfan 2 · 1⤊ 0⤋
!/4 checking acc, 1/4 help son out debt. 1/2 savings.
2007-11-28 12:18:19 · answer #9 · answered by hotvw1914cc 6 · 1⤊ 0⤋
Pay off my car ($2000), get a decent used one for my daughter, and pay the remainder on my house ... then refinance my house to lower my payment.
2007-11-28 12:02:55 · answer #10 · answered by Patti 3 · 0⤊ 1⤋