a bit of a fantasy - what would you do if you had a £100000 windfall?

edinburgher

1) Smile a lot.

Love it

Sazzie23

I'd pay off my DMP £20k approx
My mortgage also £20k approx
My secured loan approx £25k

Take a couple of mates on a cheapish holiday, buy a new car to replace my 100k mileage 13 year old jalopy and put the rest towards a fund to invest in a second property. That would free up approx £1000 a month of wages meaning I could hopefully cut my hours a little to try to remember how to enjoy life and get myself a dog.

Ron_McDon

I would buy a luxury holiday home in Florida for all my friends and family to use. I've been thinking about it for some years anyway, and it is amazing what you can buy over there for such a low price!

Somewhere with a pool overlooking a lake, quiet tranquility ...

justme111

What about service charges , maintenance costs , taxes , legalities ?

gadgetmind

And the rising sea level ...

CARRENA

See I don't even need to spend time thinking - a £100,000 windfall would be so very much appreciated to us:
1) We would spend £25,000 to finally finish off the building site of a house we live in (it has been over 10 years and we still don't have enough money or time to finish it!)
2) We would then spend £5,000 to clear the last of my debts
3) We would then spend £20,000 to clear my other halves debts
4) We would spend £45,000 to clear the second mortgage
5) We would bank the £5,000 balance.
All of the above would mean my other half would not have to work 80+ hours in a week just to get by. He would be able to work normal hours and have a weekend, I would of course carry on working full time and with my part time business / hobby too but the immediate pressure would be off of chasing our tails constantly. And then most importantly because the house would be finished it would mean friends and family can come round and we would have something to be proud of and they could stay over if they wanted.

I can only dream!!!

xXx

adonis10

Add 70k to the deposit I have for a house which would significantly reduce monthly mortgage cost.

£10k off student loan
£15k spread around accounts (3-5% int) and stocks & shares isa.
£5k - pay for a holiday and mini break somewhere, upgrade contents of my wardrobe and a bit of frivolous spending. Treat my parents to a holiday.

RedGoose

Throw it at the mortgage- this would make the balance low enough that the OH and I could cover it with one wage (or two half-wages).


Buying your freedom is never dull!

TheTracker

Put it with the rest of my money and retire about 12 months earlier than planned.

CKgeordieinlondon

Cash in my ISA and use that plus £10,000 to pay off the mortgage.
I'd do my flat up to a standard where it could be rented out that would be another £10000.
Put £50000 in the pension pot

Tell my boss to stuff her job and start travelling the world.

The rental income would be more than my wages are at the moment so that would keep us going.

After about two years travelling pick a country to live in .

At the moment the plan is to sell the house and start travelling, but the above would be better.

I doubt I've got any windfalls coming my way unfortunately . I got a tax rebate a couple of years ago that was for £2000