What would you do with $75,000?

[ssmjlm]

Move to a bigger house.

[panicked]

Pay down (yes down, not off) my dh and my student loans. ::cries::

[teatimefor2]

$50k - long term investments
$20k - put $10k into each boys 529
$5k - vacation fund

[bowies]

Make some much-needed home improvements, including furniture, and then save the rest.

[Deleted]

Pretend this would have no impact on our tax bracket...

$5500 ROTH for me, $5500 ROTH for H

$14k into dd's college savings

$8500 to pay off my student loans

That leaves $41,500. We'd probably put $30,000 into the downpayment on a new house and save $10,000 for new furniture.

[Velar Fricative]

In order (because I think about a windfall A LOT even though it's just torture to do so):

1) Pay off rest of car loan
2) Pay down student loans (yes, like the pp, this would not erase all of our SL debt)
3) Put the rest into DD's 529

As you can see, I am pretty risk-averse so no investing. And I'd feel bad doing anything fun with it. I would prefer to breathe easier and knock a few big monthly bills out instead. Sucks to be a grownup.

ETA: Oh yeah, finishing the basement would be a priority too. I guess I'd take money from #2 to do that, but I'd still want to pay off at least some of the smaller SLs.

[mellymel]

Some to College funding for the kids
Some to savings
Some to a fabulous vacation
Finish our basement

I think I blew the budget with that last one lol

[matildasun]

Use it towards an addition or a slightly bigger house.

[motzie]

Build a garage and road, and install a fence at our lake property.

[cincodemayo]

Pay off our cars and student loans, put $10k towards retirement, update our house, go on a vacation, and anything left would go to DSs fund.

[asoctoberfalls]

Pay off all non-mortgage debt (14k)
Add to E-fund (15k)
Contribute to DS's 529 (10k)
New car for me (25k)
Save for deck and landscaping (11k)

[arch01]

Pay off my SLs and the car ($40k)
Close the gap on maxing out our IRAs for 2015 ($8600)
Buy a king bed ($2k)
DS' 529 ($5k)

The rest goes to savings.

[changedname]

Probably boring stuff:

New countertops in kitchen
New gas stove
New car
Trip to the UK
A bit on the mortgage
Rest in retirement

[Velar Fricative]

Dec 22, 2014 9:01:12 GMT -5 farmvillelover said:

This makes me kinda sad this will never happen to us lol

In my job, it is. SO COMMON for clients to gift to their kids/grand kids bc they have too much money, literally. So a grandchild will get 28k a year just because, every year. Even more if they are married and/or have kids

I love my job but sometimes I'm just like "sigh"

This is the second time I'm posting this gif this morning. Don't even care.

[mae141]

Buy new appliances for the kitchen.

Save the rest to put toward down payment on our next house.

[changedname]

Dec 22, 2014 9:01:12 GMT -5 farmvillelover said:

This makes me kinda sad this will never happen to us lol

In my job, it is. SO COMMON for clients to gift to their kids/grand kids bc they have too much money, literally. So a grandchild will get 28k a year just because, every year. Even more if they are married and/or have kids

I love my job but sometimes I'm just like "sigh"

My ex boyf came from serious old money. Every year an uncle used to give all the kids $30k each as he was trying to offload his money before he died. So lucky. My ex boy had maxed out 401ks without any effort

[erbear]

Vacation! Put a bunch away for school tuition. Buy a new car.

[Emerald1486]

Pay off debts. That would pay off my car, loans, and a good chunk of the mortgage

[djc315]

Move. Or pay off SLs.

[ewall]

Rip this house apart and put it back together. In reality, 75k would be a drop in the bucket just to fix structure and replace entire exterior (siding, roof, windows.) We're not talking fancy interior upgrades.

[gibbinator]

Definitely Pay off dh's SLs (20k), put down new floors in the bathroom, kitchen and TV room (5k), put down a patio and landscape a bit (5k).
Probably pay off the car (12k) even though we have it at 0%,and also trade in our older car for buying a new one (15k) outright.
Put in a heat pump system instead of having to use expensive oil heat.
Buy new furniture replacing the decades old stuff we have in most of the house (5k)
The remaining 3k we'd split between us for fun. No savings, but paying off the loans would save us $900/mo, so we'd likely allot much of that to retirement.

[panicked]

Does anyone ever have the fleeting thought that some wealthy baron is reading this post and is going to grant us all $75000 to use as we've described? No? Just me? Okay.

[lizlemon19]

$3000 to credit card debt, $5000 toward vacation, $15000 toward new car, 15, 000 to home improvements, 35000 down payment for new house, $2000 for new house/moving costs

[tigress]

Pay off the credit card debt we still have and the loan on the minivan.

Pay off the HELOC on the townhouse we own that is our rental property.

Put a big chunk of it in savings.

Take a trip.

[my4girls]

20k into E fund since ours is mega depleted right now
10k into new car account
10k vacation
5k into daycare account
25k finish basement

[dancingirl21]

1. Buy 1 new car
2. Put $10k in J's 529
3. DH and I each get $1k fun money
4. Rip up our grass in the backyard and install sod
5. Put the rest in the market or some sort of savings vehicle

[cinco]

Put it towards selling our house (the one we rent out). I can't wait to get rid of that thing. We are close to breaking even, but with realtor/closing costs we'd still lose $. Some extra cash would make me comfortable doing that.

Buy a new storm door.

Pay off our minivan.

Go to San Diego to visit my BFF and family.

Extra would go into savings so DH could do less OT/PT.

[SJ]

Dec 22, 2014 9:01:12 GMT -5 farmvillelover said:

This makes me kinda sad this will never happen to us lol

In my job, it is. SO COMMON for clients to gift to their kids/grand kids bc they have too much money, literally. So a grandchild will get 28k a year just because, every year. Even more if they are married and/or have kids

I love my job but sometimes I'm just like "sigh"

Um yeah. This is basically what I do all of December. Transfer $28K like seven hundred times for everyone. Open new accounts based on new trusts. Transfer $28K some more. Call charities and gift stock. etc. etc. etc.

[teatimefor2]

Dec 22, 2014 9:17:55 GMT -5 gravytrain225 said:

How would you invest it?

It's a good chunk of money, but not life changing. I would invest it in a Vanguard Index Fund. Low fees, good amount of diversity amongst the stocks, IMO.

[VillainV]

Pay off H's student loans ($25k) and use the rest as the down payment on a house we plan to buy in the next 6 months.