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What would you do with £1000 if you were debt free?
paidinchickens
Posts: 1,468 Forumite
If you had a thousand pounds and no debts apart from your mortgage what would you spend it on?
Would you pay it off the mortgage? put it in a savings/emergency account? premium bonds?
Would you pay it off the mortgage? put it in a savings/emergency account? premium bonds?
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I wouldn't spend it. We were lucky enough to be gifted £2000 a couple of months ago. It went into a high interest account for a rainy day.
As this thread isn't specific to Old Style I've moved it over to the Savings and Investments board where you should get good advice.
Pink0 -
£100: Treat yourself - whatever works best for you.
£900: Start your continency fund. Probably an easy access cash ISA (e.g. AA or Nationwide).
Then add to it!0 -
12 bottles of Pontet Canet 2010. Cost? About 1100 but likely to rise significantly in value over 20 years.
And if it doesn't, well, I could curse my bad investment strategy while sipping my way through 12 of the finest bottles of claret I will ever drink."I don't mind if a chap talks rot. But I really must draw the line at utter rot." - PG Wodehouse0 -
12 bottles of Pontet Canet 2010. Cost? About 1100 but likely to rise significantly in value over 20 years.
And if it doesn't, well, I could curse my bad investment strategy while sipping my way through 12 of the finest bottles of claret I will ever drink.
sipping away at our first attempt of home made at the moment, its ok after the first glass :rotfl::rotfl:0 -
I would put it straight into one of our savings accounts.0
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don't bother - whatever it is will be a dissapointmentopinions4u wrote: ȣ100: Treat yourself - whatever works best for you.0 -
I would save it as emergency cash.0
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I do, and I have it saved as emergency savings. Let's be honest, a grand isn't much nowadays. Two or three months rent, tops.Said Aristippus, “If you would learn to be subservient to the king you would not have to live on lentils.”
Said Diogenes, “Learn to live on lentils and you will not have to be subservient to the king.”[FONT=Verdana, Arial, Helvetica][/FONT]0 -
Derivative wrote: »I do, and I have it saved as emergency savings. Let's be honest, a grand isn't much nowadays. Two or three months rent, tops.
Two or three months rent:eek: Where doo you live? round here that would be a months rent if your lucky.... SW London
Aspiring to be financially independent.... from my parents!0
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