If you suddenly inherited $7,000 what would you do with it? Do something fun? Do something sensible? A bit of both? I'd like some inspiration.
If you suddenly inherited $7,000 what would you do with it? Do something fun? Do something sensible? A bit of both? I'd like some inspiration.
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9 Replies
It would depend on my current situation. Retire any credit card debt, would be my current thinking!
Put some aside for any upcoming big expenses like washing machine/fridge or car repairs etc.
Under my current circumstances I'd only spend a tiny portion on entertainment.
I think it depends what your normal financial situation is.
Do you have debts you struggle to pay? Are you saving for a house?
If your comfortable financially then I say have some fun. I'd probably save 2k and spend 5k on a nice family holiday in Fiji or something fun like that
I used mine to pay my sons year 12 tuition fees.
I would take my family on a holiday our first in close to 6yrs and any left over would go on the mortgage
Holiday!
Your dream destination.
Down payment to kickstart braces and dental work. And a holiday of course! A no kids long weekend somewhere new and exciting.
I recently came into $9,000 myself!
I didn't go stupid and happy to say I still have $5.5k left over.
I paid off a tax bill and a personal loan which combined were costing me $200 a month in repayments.
I bought my kids new beds, nothing flash, just normal single beds and a set of draws each. Paid out my phone plan, downgraded plan and upgraded phone (I'm now saving $20 a month from that) I stocked up on pet supplies so I won't have to buy any for atleast 6 months now. I put 1.5k straight into savings and bought a few little bits and pieces for myself. Oh I also got my car fixed and roadworthy! Be smart with your money, pay off bills that are costing you money in the long run. I'm now $220 better off every month, it doesn't sound like much but I'm saving myself over $2000 a year in repayments now :)
I am also interested in going on a cosmetic surgery holiday to Thailand, but I think I just want to save for that as I feel I don't want to waste this money on something like that that isn't needed
At this point in time i would use some of the money to purchase a 7 seat car as we're expecting baby no.4. I would use the rest if any towards a house deposit
We are currently going through IVF. And we don't have any other debts so I would use the money for our treatment or hopefully for baby items ☺