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£200,000 how would u spend it _ debt £84,000?

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Comments

  • saver03
    saver03 Posts: 651
    Part of the Furniture Combo Breaker Debt-free and Proud!
    Forumite
    Definately pay off debt.:A Fill my isa and open 1 for OH. Probably have an exotic holiday all inclusive. As we only rent I would suggest buying somewhere. With all the debts gone we would have so much more per month I am not sure what we would do with it all!!!

    It's a nice dream and maybe if my numbers come up tonight it will be my reality!! :rotfl:
    LBM 14/12/06 £21,947.17 DEBT FREE 12/04/09
    MFW - December 2010 £76,199 - 4th February 2021 £37,360.90
  • Care to tell us more bommer - is this a real amount of money we are talking about?

    gtd
    Official DFW Nerd Club - Member no. 208 - Proud To Have Dealt With My Debts DEBT FREE DECEMBER 2008!!!
  • bommer
    bommer Posts: 194 Forumite
    Not being specific on this - just in theory.
  • Hi,

    like everyone else i say definitely pay off debt/buy peace of mind.

    With the rest I say buy 2 houses. £116,000 would give you 2 v. big deposits of £58,000 each. One house to live in and one house to rent out so that someone else is covering the mortgage on that one.

    Whatever you do don't do anything rash - and have a little treat for yourself.

    Lol.
    :A :A :A :A
    DFW Nerd No.: 789 Ligthbulb moment: 23/09/07
    Challenge: No bank loans and CC gets cleared every month.
    Need to think about restarting the Grocery Challenges
    Sealed Pot Challenge: Put change in and give to charity when full.
  • I cant imagine ever having that much money in my life! The only thing I know for sure I would do is get rid of the debts. After that... Im lost! Theres so much you could spend it on... where to start!!
  • mummum2
    mummum2 Posts: 617
    Part of the Furniture Combo Breaker
    Forumite
    For me, pay off debt, pay off mortgage, son going to Uni this Sept so no need for him to get loan, will fund this. Put same amount away for daughter for when she goes (6 years time). Have a really nice family holiday somewhere hot or a cruise, put rest in high interest account for when we retire and most definitely get a cleaner, hate cleaning as this takes up time where I can spend with children. Maybe reduce hours at work, or leave and do what I've always wanted to do, study for a degree in Child physiology. A a very nice dream!!!!
    Long Hauler No: 51
    DMP Mutal Support Thread No: 207
    Proud to be dealing with my debts
    DFD - June '13, aiming for December '12
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