If you suddenly came into $5,000, WWYD? - Page 3

[ArtsyMomma]

5K could do a lot around here!

I would put 1500 towards an old credit card debt instead of fighting for a smaller settlement.

Then, I would fund a few sinking funds: 150 Car Registration, 250 Car insurance and 200 each to the two school funds, christmas fund and a vacation fund.

That would leave 2300. I recently found out I need 3200 in dental work (after insurance), so the last 2300 would go towards that. I could get a lot of work done really quickly instead of having to save up and wait!

[marinak1977]

Pay off debt. We have too much

[sunnysandiegan]

Home improvements: two new windows for hot side of house; ceiling fan with remote kit and light kit for DD's bedroom; two low-flow toilets; two new sink faucets; two new shower faucets (one with tub faucet and drain kit); new furnace.

Anything left = new grill

Our mortgage is our only debt and we are on course for it to be paid by the time DD goes to college. We have savings (short-term, mid-term, and long-term) and will be doing the above this year anyway, but it'd be more fun to NOT use the short-term savings for home improvement this year, as planned, and let it build for a really great vacation next year.

[Ruthiegirl]

Savings.  Any "extra" cash goes to savings.  

[Ellien C]

fun thread -

Let's see -

I'd like $2000 for furniture for DD.

Maybe $1000 toward a serger for me (but maybe not).

not sure of the remaining 2K.

Detail and new windsheild for the car might be nice - and some body work on it. Then I would feel like I had a new car.

Oh - yeah - new kitchen faucet - $500 tops - maybe a lot less.

new silverware.

PERSONAL Organizer. I know just the lady - specializes in people with a LOT of stuff, but I just can't afford her. I buy that over the serger.

[kitchensqueen]

We'd pay off the little credit card debt we have left (just under $2000 I think) and put the rest into savings for our down payment on a house. This is a great thread!

[erigeron]

Hard decision. Either save it in case we need more cash before I go back to work and, if we don't, put it towards a new car, or throw it at my student loans so the interest doesn't capitalize after I graduate. Probably the student loan thing. I hate the idea of paying interest on top of interest.

[yeahwhat]

I'd pay off debt. I'm pretty sure $5000 would be enough to pay off (or just about) my student loan and our last credit card. That would free up $372/month from our budget, which would be  huge for us.

[youngspiritmom]

I'm surprised that more people haven't mentioned investing....?

[zinemama]

The whole thing would go directly to the kids college savings accounts.

[cristina47454]

We've had windfalls like this and our general rule of thumb is half to EF/Hills and Valley (we have had a couple of years of underemployment and it inevitably gets used for months where we are short) and half to cc.

BUT if I had a windfall like that before I learned to take care of my finances I would have splurged on a family trip to someplace wonderful! And all the pretrip fun stuff that I used to do before things got so tight...haircut, mani/pedi, clothes, makeup...