Advent-ures in the MSE Forum... Our Advent calendar is live, helping you discover a new corner of the community each day. Visit the homepage and scroll down

What would you do with £10k, £20k, £50k, £100k, £500k?

MSE_Laura_FMSE_Laura_F Community Admin
950 Posts
500 Posts Third Anniversary Photogenic Name Dropper
Community Admin
This is a fresh version of a question posed by @capital0ne back in January 2018.

What would you do with £10k, £20k, £50k, £100k, £500k?

I wonder how much the answers might vary from the last discussion?


  • lozzy1965lozzy1965 Forumite
    549 Posts
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    I assume an additional amount of money that suddenly came my way.
    For all amounts:  Invest them but an additional £500K would allow me to retire early and throw some in the young adults' direction to get them to move out!
  • dunstonhdunstonh Forumite
    111.3K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    £10k - install new fencing around one of the paddocks.
    £20k - decorate the hallway
    £50k - Put in some solar panels and a couple of windmills and a bank of batteries.
    £100k - convert one of the unused barns into living accommodation
    £500k - all the above plus take less in dividends for two years and increase company pension contributions

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • MisslayedMisslayed Forumite, Senior Ambassador
    12.2K Posts
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Senior Ambassador
    £10k - pay son's credit card bill, bank the rest for emergencies 
    £20k - as above then get someone in to tile and paint kitchen and living rooms
    £50k - fly to New Zealand business class (Covid permitting) to visit good friends 
    £100k - install batteries for my PV panels, buy electric car
    £500k - all the above, plus gift son substantial deposit for house, cash gifts for all 8 step children (😳) and my granddaughters.
    I’m a Senior Forum Ambassador and I support the Forum Team on the Competition Time, Site Feedback and Marriage, Relationships and Families boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of Money Saving Expert.
  • MovingForwardsMovingForwards Forumite
    15.9K Posts
    10,000 Posts Fourth Anniversary Name Dropper Photogenic
    £10k save it

    £20k use towards deposit for bungalow

    £50k healthy deposit for bungalow.

    £100k large deposit for bungalow, take a small mortgage.

    £500k buy bungalow for cash, keep £100k in cash, some into PB's and put the rest into pension. Maybe work PT, ad hoc temping or retire after having a good rest.
  • ThrugelmirThrugelmir Forumite
    89.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Peoples personal circumstances differ widely.  There's too many variables to be considered to answer such a broad question......
  • LintonLinton Forumite
    15.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    £10K-£100K add to existing portfolios
     £500K large donations to small number of charities
  • gingercordialgingercordial Forumite
    1.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    It's all house stuff up to about £50k as we have projects in the pipeline that will take all of that over the next few years, we'd just be able to bring them forward. New drive, render/painting, flat roof refurb, kitchen etc...  Some would get used for holidays too.

    At £100k I am sure my husband would be putting the case for a nicer car in addition to the above.  I'm only not bothered as I don't drive!

    £500k would pay off a big chunk of the mortgage but unfortunately in London that isn't even the whole balance, eek!  And it would have to be over time due to ERCs so it would have to go into a mixture of investments (low/medium risk) in the meantime.  

  • DoshwasterDoshwaster Forumite
    5.9K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    £10k - go somewhere warm for Christmas
    £20k - replace ageing conservatory with a proper extension
    £50k - pay off the mortgage
    £100k - All of above
    £500k - Have a good think about whether I would have enough to retire early
Sign In or Register to comment.
Latest MSE News and Guides

Is your local HSBC closing?

114 branches to shut in 2023

MSE News

Advent Competitions

The countdown is on

MSE Forum

Baileys £10 for 1L at Tesco

When you scan your Clubcard

MSE Deals