Energy Price Cap announcement: Watch Martin Lewis explain what it means for your electricity and gas bills this winter
£10,000 pounds what do i do??
in How much have you saved?
4 replies 12K views
Hi people i just recieved £10,000 and dont know what to do with it?, spend and have a good time for me and family or tuck it away into a savings account, dont have a clue about ISAs or stocks etc etc, please help...
This discussion has been closed.
Latest MSE News and Guides
Energy Price Cap change
Martin Lewis on what it means for youMSE News
Best £1 you've ever spent?
Share your most impressive bargainsMSE Forum
New MSE Forum avatars available
Try 'em out nowMSE Forum
The assumption is that you havent - and this is genuinely "spare" money.
But - it needs to be asked - so "Have you got any mortgage or debts?". In which case - the answer would be obvious - ie pay them off first.
1/3 for the past - cc debt, pay off loans
1/3 for the present- holiday, something done to the house
1/3 for the future - savings
But really we'd need to know more about your circs. The above isn't relevant if you on the brink of bankruptcy for example.