what can i buy for 50k?

Doozergirl

(Starts mumbling and wanders off to look at auction properties)

robwend

Doozergirl wrote: »

Wend, you can't spend it like that. You'd be better slowly living on it and the interest and forgetting the extra tax credits.

You're letting the tail wag the dog. Please tell me you're not serious?

Perhaps speaking to an IFA would help you put it somewhere safe that didn't affect your tax credits so much.

oooh doozer im nuts i know. il only get 200 a month intrest hunny, i need 300 a week so it seems all pointless. i will however "loose" 20k for the kids

neas

In the current econimic situation tour blaze attitude seems alarming.. your willing to throw away 50k of savings? For benefits? What happens if you need them at some point.. your wanting to live in squalor and poorness?

neas

That money is supposed to help you and your kids.... the father will be stuck paying support money... while you irresponsibly go and waste 50 grand!... you can't write this stuff.. honestly.

neas

This is a april fools joke right?

robwend

neas wrote: »

That money is supposed to help you and your kids.... the father will be stuck paying support money... while you irresponsibly go and waste 50 grand!... you can't write this stuff.. honestly.

how about darling you read the whole thread top to bottom and then make a judgment based on full facts, coz what you have just wrote here is not even in the thread! lol, the idea is to find out what i can and cant do with MY MONEY, not what i am and am not intitelled to. scince phoning the council they have informed me of what i CAN and CANT do . i dont tell you how to spend YOUR wages, dont dictate to me how to spend mine.

PasturesNew

I don't understand the maths to be honest.
£18k "to live on"... seemed a lot to me. As most people don't earn that much to start with (before they pay tax on it).

I don't know anything about the benefits system to know how the figures would work either way.

I'm not on bennies. I've always "just got by" and lived in proud poorness and squalor that I've at least created myself.

robwend

neas wrote: »

In the current econimic situation tour blaze attitude seems alarming.. your willing to throw away 50k of savings? For benefits? What happens if you need them at some point.. your wanting to live in squalor and poorness?

how am i throwing it away if im LIVING on it? what you want me to HIDE all the savings and go down to the council saying OOOPS seemd to have lost 50k can you give me all benefits please?, this is about finding out what im legally allowed to do with MY own money and what happens WHEN the money runs out,NOTHING MORE NOTHING LESS

robwend

PasturesNew wrote: »

I don't understand the maths to be honest.
£18k "to live on"... seemed a lot to me. As most people don't earn that much to start with (before they pay tax on it).

I don't know anything about the benefits system to know how the figures would work either way.

I'm not on bennies. I've always "just got by" and lived in proud poorness and squalor that I've at least created myself.

18 k? blimey you thinka thats alot?,thats what i get now on working tax credits and my wage , im based that on my income now >but thats without my rent, as im not intitelled to housing benefit as the house im currently in is mortgage and hubby pays that at the mo, so really the outgoings will be a extra 725 a month on that figure

neas

robwend wrote: »

how about darling you read the whole thread top to bottom and then make a judgment based on full facts, coz what you have just wrote here is not even in the thread! lol, the idea is to find out what i can and cant do with MY MONEY, not what i am and am not intitelled to. scince phoning the council they have informed me of what i CAN and CANT do . i dont tell you how to spend YOUR wages, dont dictate to me how to spend mine.

From the posts i read it sounds like you are going to be a single mother of a couple of children (at least) and having just divorced received 50k... rather than sensibly save it you want to see what you can do with it. i.e invest it because you wont trust yourself with it otherwise..

Right?