Small surprise windfall

Got some good new yesterday that I'll be getting an unexpected extra £500 in January. Anyone got an idea on how to make the best use of it? I could easily do the boring thing and put it into a savings account. but I'd like to do something more than that. Any ideas - Government bonds perhaps, maybe a bit of day trading?
Anyone else had a surprise windfall recently, let us all know
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Replies

  • pogofishpogofish Forumite
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    Is this because of COVID..?
  • MalMonroeMalMonroe Forumite
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    If it were me, I'd spend it on a nice treat for my family and me. After all, we're only here once and all that and we have all been suffering the effects of coronavirus (although haven't had it, thank goodness) and also, we don't really know if/when it will end. 

    Because: it's a lovely amount but not enough to buy a house (which is my next big venture) or to plan for a holiday and finally, you can't take it with you. 

    Others may or may not agree and that is up to them but you asked, and I answered. 

    Well done on the windfall, btw!
    My opinions are strictly my own. The forum advises everyone to double-check all information given by any forumite to ensure accuracy. Once commented, I rarely return to a thread, as per this "the moving finger writes and, having writ, moves on" (origin Omar Khayyam). I aspire to the (corny but true) saying - in a world where you can be anything, please be kind.
  • greyteam1959greyteam1959 Forumite
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    Buy some premium bonds.
  • GDB2222GDB2222 Forumite
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    MalMonroe said:
    If it were me, I'd spend it on a nice treat for my family and me. After all, we're only here once and all that and we have all been suffering the effects of coronavirus (although haven't had it, thank goodness) and also, we don't really know if/when it will end. 

    Because: it's a lovely amount but not enough to buy a house (which is my next big venture) or to plan for a holiday and finally, you can't take it with you. 

    Others may or may not agree and that is up to them but you asked, and I answered. 

    Well done on the windfall, btw!
    The problem with that philosophy is that you can end up spending every lot of £500 you get, because it isn’t worth saving as it won’t buy you a house. That way, you’ll never buy a house. 

    On the other hand, squirrelling it away is not much fun, either. 

    Maybe, save some and spend some on a treat?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • SilvertabbySilvertabby Forumite
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    £300 into premium bonds, £200 for a nice treat.
  • penners324penners324 Forumite
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    Put it in your pension 
  • deadendwaterfalldeadendwaterfall Forumite
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    Split it 50/50, £250 saved and £250 spent on something you or someone you know wants. 
    :o
  • parcivalparcival Forumite
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    I agree with Silvertabby - nice ratio and £200 is enough for a lovely treat.
  • KipmasterfunkKipmasterfunk Forumite
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    pogofish said:
    Is this because of COVID..?
    No. My step-mum plays enjoys a game of online bingo and had a reasonable win. She has decided to share her good fortune with me and my sister.
  • KipmasterfunkKipmasterfunk Forumite
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    Thanks for the replies everyone. I like the idea of splitting it, enjoying some and saving some. 
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