What would you do?

[Growler]

If you came into a chunk of money

Not a huge amount in the grand scheme of things but more than I've ever had in one go!!!

 

[graysalchemy]

Buy a house for my kids or at least deposit for one, because I doubt when they are old enough to buy one in 10 -15 yrs time they will be able to afford one the way things are. :thumb:

 

[Growler]

I did consider that but it's not enough for two (I have two lads)

 

[mattrickl06]

I would upgrade to all shiny :thumb:

 

[marksa222]

The fact that you asked the question on this forum suggests you may have something in mind!

Personally, if I had to spend it on myself, it'd be a new brew shed. Kitted out with shiney things! If the Mrs got wind of it though she'd probably have other ideas... If I had enough spare, i'd follow "the Beer Hunter's" late 80's series round the world (if you haven't seen it, it's on youtube and is a great watch). Belgium, Bavaria, Prague, California and back here... That would be awesome!

 

[Moley]

So what's the scale of things here? Luxuries and frivolities rather than life changing?

Or are you going to review the suggestions here, choose the best and make their dreams come true?


Personally, I'm going to be rather boring, we need a new bathroom and some re-decorating but unexpected expenses with the boat mean that I no longer have the time or the money, so I would like to be able to get a little man in and just be able to say “this is what we want - do it”.

 

[graysalchemy]

I did consider that but it's not enough for two (I have two lads)

Me too, but I think I would invest it somehow for them. If it was money I didn't have yesterday then I doubt I would miss it tomorrow so to me it would seem right to benefit my children in some way. :thumb: :thumb:

 

[marksa222]

so I would like to be able to get a little man in and just be able to say “this is what we want - do it”.

Are you advocating Dwarf slavery??!!

 

[calumscott]

I did consider that but it's not enough for two (I have two lads)

Me too, but I think I would invest it somehow for them. If it was money I didn't have yesterday then I doubt I would miss it tomorrow so to me it would seem right to benefit my children in some way. :thumb: :thumb:

I'd go that way too. Get an investment property. Even if, by the time the offspring are looking to get on the ladder you still have just the one property, well flog it and they should have enough for a decent deposit each which should bring things into the affordable range for them.

Now I just need to come into a considerable sum of money! :rofl:

 

[Megaross]

I'd keep it until I've found a job (Just applied for my dream job this morning, and I know a load of people at the firm to put in a good word, heres hoping eh? ) then I'd use it for a mortgage deposit. Get a 2 bed, rent the other room out to a mate.

Maybe keep a little back to build a brewing shed with shineys.

 

[Crastney]

I'd invest it in something that I know in the long term will save me money - for instance, Solar panels, you can get them fitted for free, but the fitting company take the feed in tarriff, or if you've got £12k spare, buy them and get them fitted, so that you get the feed in tarriff, and the saving on the electricity, etc. or water buts, or some advice on gardening so that you can grow your own, or something similar.

... or loft insulation, or double (or triple) glazing, or a new more efficient boiler, or wall insulation, or something, you get the idea. Something that you might not notice the imediate benefit of, but will save you money in the long run.

... or pay a chunk off the mortgage, so that you either pay less a month, or finish paying it off earlier.

Some flowers and chocolates for the wife too, of course.

... or blow it all on a week in Las Vegas.

 

[Moley]

so I would like to be able to get a little man in and just be able to say “this is what we want - do it”.

Are you advocating Dwarf slavery??!!

I've never really understood the size reference, but I thought the opposite of DIY was GALMI.

 

[Tankboi]

I'd buy 1 or 2 small flats and rent them out (or maybe kit one out as a huge brew shed!) and have a continuous 'wage' coming in then when the kids come of age they at least have a starting block and all going well some money saved up for me and the better half.

 

[Dave1970]

After the changes to my pension scheme last year I'd have to put it into something to help me retire before my new official retirement age of 67. Would probably go for a lowish risk investment trust. A rental property could work too.

 

[oldbloke]

If you have a mortgage, pay off as much of it as you can. There's not much better you can do with spare cash.
Likewise, as long as you don't buy something awful, investing in property rarely goes bad.

 

[Growler]

Heart is saying slurge, brain is saying mortgage!

It's less than 50k so property may stretch it a bit but I don't want it to just fritter away and have nothing to show for it
May put a new roof and windows on the house :wha: but have no idea how much that will be and what it will leave us

 

[Moley]

I don't know how old you are, how big a mortgage you've got or how long it has got left to run.

Splurge a little but listen to the head.

I'm 55 and through regular overpayments we don't have a mortgage any more, it's a good feeling. That's not strictly true, but our mortgage payments will stay at £1.12 a month for as long as they wish to charge us £250 for early settlement. Stuff'em!

What we were paying a month, we can now save for offspring's educations or whenever life turns round and kicks you in the nuts.

 

[JimmyB78]

I'd use it to cover all bases;

Put a bit away for a rainy day
Pay off a chunk of the mortgage
Use some for a project on the house
Then a bit to play with and spend on things I want or to just enjoy

 

[narmour]

I don't know how old you are, how big a mortgage you've got or how long it has got left to run.

Splurge a little but listen to the head.

I'm 55 and through regular overpayments we don't have a mortgage any more, it's a good feeling. That's not strictly true, but our mortgage payments will stay at £1.12 a month for as long as they wish to charge us £250 for early settlement. Stuff'em!

What we were paying a month, we can now save for offspring's educations or whenever life turns round and kicks you in the nuts.

Yep... overpay now while interest rates are low. There won't be another chance to get rates this good for a long long time.

 

[calumscott]

Splurge a little but listen to the head.

This! When you get a windfall you should always take a little for something nice, holiday, car upgrade, new shiny... I think last time we got a little bit I invested in some Le Creuset saucepans... before you do something sensible with the rest.