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- Re: What would you do with a sudden windfall of mo...
What would you do with a sudden windfall of money?
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We have struggled with money in the past, even though I was never behind on a bill. We will be coming into some money soon, don't know how much, but we are already set. We always budget and our bills will be paid by Nov 1. or sooner. After that, because we are retired we'll open an acct for retirement. We can now live within our means. No mortgage, no car pays, no student loans. Both of our daughters have student loans and cars, and we will more than likely help them. To me, what is called tithing is called PAY IT FORWARD. We were the victims of a bank that stole our money to pay illegals bills and bad mortgages. Now, we will give to those who helped get this for us, and choose our charities wisely. This isn't windfall, it's actually retro pay.
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First, make a charitable contribution of 10% to my synagogue; then pay off all unsecured debt. Then put money in an account so that I can take time to decide if I want to sell my current house and buy another one in a more convenient location. I would be able to travel to see my parents more often. And could actually indulge in some foreign travel. All this, of course, depends upon the size of the "windfall".
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First, I would pay my son's tuition to go back to school and get a degree. I would pay the medical bills that have mounted up from my disability, and I think I would finally move to some ocean town and continue with my writing. The only thing that would keep me from doing that is that I wouldn't know anybody wherever I ended up. I wish I had more courage.
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My first thoughts are that the house needs updating as does my business. Then there are the children, already burdened with student loans. . Deeper is the belief that everything that comes to me is given to extend, to share, to allow the flow of energy, love and prosperity. I trust that flow.
I trust the giving and I enjoy the receiving. It makes us all more fully alive.
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My husband and I are each driving cars that, while mechanically well maintained, are VERY VERY ELDERLY, and part of the required running of said vehicles is holding your breath each and every day that they will continue to be reliable transportation to and from work.
So, I'd say we split the $$$ and each get a newer vehicle, and breathe more normally.
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I am still working full time at 68. Were I to win a sum of money, I would use it to pay off the credit balances and student loans I incurred to send my 3 daughters to college. Then, if there was anything left, I would use it for needed repairs on the house. If these things were paid, I could retire sooner - perhaps at 69 or 70.
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I would pay off my debt! Prepare a place in my home for my mother to live comfortably. Donate funds to my fiance' to him help get his camp renovated so the innercity children can visit and expereince the beautiful Pocono Mountains. I would assist young adults who have age out of fostercare and still need guidance, a place to live and care.
Venetta
Bartonsville, PA.