What would you do with an unexpected gift of £1,000?

skintchick

Oh and I were surprised and delighted at the weekend to be given £1,000 (literally cash in an envelope!) by MIL and PIL.

They had recieved a large sum in compensation from The Big Sheep after FIL was injured there on our family holiday in 2011. It has just been settled and the large sum has cleared their account so they decided to give each of their sons £1k. :j

We don't really have any debt, just the mortgage and around 2.5k on an credit card which is currently zero per cent interest.

We also don't currently have any savings, and are a bit hand to mouth although living reasonably well.

What would you do with it? Save it? Use it for a holiday? Pay off the credit card even though it's on 0 per cent? Something else?

PILS wants us to use it "for us" but apart from that there are no restrictions.

Lunar_Eclipse

skintchick wrote: »

We also don't currently have any savings, and are a bit hand to mouth although living reasonably well.

... in which case I'd definitely save it.

What a nice surprise!

Stephb1986_2

I would use a little of it to do something nice at the weekend the rest I'd save

Steph xx

System

I was given a similar amount just after Christmas. I got a good deal on a saxophone which accounted for half of it, the rest is going towards a family holiday (leaving tomorrow!!)

Maybe save it and if you ever use it for anything nice let MIL & PIL know?

[Deleted User]

Save it.. maybe towards a holiday, but more likely for 'rainy day' money

There's no point paying off a 0% card unless you're near the end of the term.

You could always have a weekend away with it, and save the rest though

mummybearx

I would book a weekend away for me and DH!

Take us to Paris for a long weekend, budget flights, cheap but nice hotel, max £300 for the both, another £200 spending money, and £500 left.

Use the other £500 to buy a new fence for the garden, some nice stuff for the garden, and that would be about it really

Mojisola

skintchick wrote: »

We also don't currently have any savings, and are a bit hand to mouth although living reasonably well.

I would have a small treat and save the rest. If you don't have any kind of safety net, this could be really valuable and save you an enormous amount of stress in a difficult time.

tea_lover

I would buy £1000 worth of creme eggs

pigpen

I'd save it until I found something it was needed for... though creme eggs sound tempting.

TeamLowe

the rule in my family is that gifted money is always for treats (i suppose mainly because the gift giver wants it to make you happy and 'in savings' is a bit boring to hear)

so i'd say a lovely week/end away, maybe see if you can get a good deal on a caravan somewhere? we went to devon in april for four nights and it was only 99 quid cos it was april x

Shineyhappy

I agree with the savings part, but I would also go out for a nice meal with the in laws to say thank you. Having some money in the bank brings huge peace of mind