WWYD with $20,000?

[gogreengowhite]

Right now?

Honestly, I would fund our trip to Aruba (hopefully) and our basement finishing fund.

Then, ya know , Roths and whatnot.

[Deleted]

I'd put half in my kid's college fund and half toward our student loans.

[SJ]

Buy something(s) fun or take a small trip. Invest the rest.

[Deleted]

Landscape our front yard

[tripleshot]

Pay off my student loans ($8k), go on another disney cruise ($8k) , and put the rest towards a new car for DH.

[Deleted]

How "low interest" is the heloc? If it is above 4% I would probably put half toward that and the other half in a mutual fund for a future move. We plan to move in 4-ish years so we are saving for an out-of-state move and a down payment on a new house once we do move.

[dbsk8dance]

Roths & a iPad mini

Also pad the savings account a bit.

[Deleted]

I would pay off my car loan ($8k) and use the rest to fund our IRAs

[lime]

Upgrades/furniture for our next house

[skib]

Pad our efund a little with $5K, put $5K in a CD for a vacation fund (vacation this year is already paid for), and invest $10K.

[biogirl21]

Either use it as a down payment or pay off MH's two private, higher interest student loans.

[msmerymac]

Add to my kitchen reno fund.

But in your case, 1/2 towards to HELOC, 1/2 towards investing.

[AAM2012]

Are you asking what I would do or what you should do?


Well I would:

1. Ipad for DH's work trip
2. A quick 3-day vacation before DH leaves
3. Some in roth
4. Invest

[les]

Jan 7, 2014 18:15:38 GMT -5 RockNVoll said:

On the face of the info you provided, I'd invest it (shocking, I know).

Ditto. I would do this in my own situation, as well.

[delawarejen]

In my case, I'd get it in $1 bills so I could pretend to be Scrooge McDuck for a while. Then I'd put it my savings account.

If I had debt as you mention, I'd use it on that.

[gt7301b]

2014 Roth IRAs
A vacation
Home upgrades

[Deleted]

Buy a car.

[kershnic]

10K to student loan repayment. They're at 6.55%.
5k to next year's vacation fund.
5k to down payment savings fund.

Student loan payments would then be diverted to retirement.
If my fictional HELOC is say 3% or lower I'd ignore it.

[Deleted]

In your situation I would put at least 10k toward paying off your debt. Use the rest for a efund or investing.

[bronxgirl]

$10,000 to our Roths, $3,000 for a vacation, $7,000 to DD's college fund

[ssmjlm]

Kitchen remodel and landscaping.

It might just be enough for that.

[nessness]

Remodel my kitchen. If there's any left over, put it toward the down payment on a car.

[aspentosh]

Finish our basement ($5k)
Replace our furnace ()

I'd want to pay off H's last SL ($7k) but the interest rate is so low that I'd probably just invest the rest.

[bunch]

2014 Roths, 3k into dd2's 529, rest toward heloc.

I am boring and debt adverse.

[ewall]

Fix our basement/garage.

[ally]

$2,000 - 1/2 each for fun money

$2,000 - room remodeling project

$5,000 - mortgage

$11,000 - invest

[greekypie]

$5k for each kiddo's college fund
$5k for a kickass vacation for H and me
$5k for camera stuff for me

[Deleted]

$5k to baby's college fund
$5k vacation
$10k brokerage account

[rubytue]

Combine with my current vacation house savings fund and maybe consider if I had enough for the downpayment. I also consider that an investment property, so it would, in my mind, qualify as an investment.

As long as you still had equity in the house, I wouldn't be in a huge hurry to pay off the heloc over investing.

[Deleted]

Put it towards our home improvement projects.