What would you buy if you had..... - $10,000 dollars to spend?

CAMSMOM1 wrote: We are going to refinance our home next month. And we have been going back and forth on what to do with the money.
We are paying off my car, and a couple of bills, but then we'll have $10,000 for ourselves! We want to put a little away, but I want to get some new furniture, paint the inside of the house, tithe, and redecorate our kitchen!
I've never had more than 100 bucks to spend on myself, so I'm getting a little crazy here!

How would you spend the money? (if your bills were paid)



(Ok, I don't want this to seem like a "bragging post". KWIM? DH and I are debating on what to do with it, and I was just hoping on some feedback. 10,000 can go quick, and I want to make sure we're being responsible with it. My sister just refinaced her hosue, and they blew $20,00 dollars in 2 weeks, and didn't have much to show for it. So I want to make sure we make smart decisions.)

Kaitlin'smom replied: Me personally if all the bills were paied I would make sure I had 4 months worth of bill paing money in the bank. Then I would do what ever I could to improve the house, some things I would do (course this is some that needs to be done in my home) new floors, carpet, tile ect. Paint some rooms. Maybe some new fans or light fixtures, redo our bathroom counters/sink same in the other bathroom. I have a LOT I would lke to do in my home, maybe it does not need to be done but I would like to. So i think I could easily spend 10,000 in to my home. Course I woudl also give each of us just a bit of lots just spend on what we want money, but knowing me i would endup buying something for the house like a new sidetable for the living room oh and I would then deffinaatly get me a massage for all my hard house work.

Good luck!

ammommy replied: That's easy. We'd recarpet part of the house, get new kitchen and bath countertops and refurnish the office.

gr33n3y3z replied: After the house was done
I would invest it

My3LilMonkeys replied: In my current situation, I would use it to pay off my debt - that would wipe out all of it if I put the excess towards our mortgage. But since you said all my bills were paid off....

$5,000 straight into savings for emergencies/future house down payment/kids college/whatever

$1,000 for DH to spend any way he wants
$1,000 for me to spend any way I want (which would probably be on new clothes once I lose some more weight and stuff for the house)

the $3,000 left would probably be used to fix up our house (new dishwasher, redo kitchen floor, recarpet whatever I can with the rest)

amynicole21 replied: I'd either redo the kitchen or the bathrooms, or both if I could swing it. How exciting for you! I wish we would have kept a little money back when we refinanced.

Our Lil' Family replied: After all my bills were paid if there wasn't anything we REALLY needed, I'd put it right back toward the principal of the house!

ETA: Wow, I'm no fun at all huh?

MamaJAM replied: Assuming the bills were actually all paid - which would be a miracle.
We'd put $500 in each child's saving account -- the rest would go into our savings account as a safety-net.

Hillbilly Housewife replied: Well, 10,000$ wouldn't even cover half our debt... lol so let's play.

I'd buy 1000$ Savings bond for my children. In ten years, it will pretty uch double.

(that's 3000$ gone)

Then I'd have eye surgury... that's another 2000$ gone.

DH would want a brand new top of the line computer... I know he would... so another 2000$ gone....at least....

and what's left I'd make us put in a high savings account. We get 20cents interest for aobut 100$... so on 3000$, we'd get like 60$ interest every month

coasterqueen replied: Well I would just be estatic to have my bills paid off. We are so far in debt right now and we are trying to figure out what to do with a good amount we've come into lately. That's how much debt we have we can't figure out what to pay first.

I say invest at least 1/2 into your personal savings/college funds and take the other 1/2 and do what you want. Or 3/4 and 1/4 split.

fashionmumofboys replied: I would probably renovate some of my house, and then take a nice family vacation somewhere beautiful.

luvbug00 replied: Since I have a daughter bank it in a savings account for her wedding. or for her collage fund.

BAC'sMom replied: I would have to agree with everyone else. First thing would be get out of debit, second would be home improvements. I also would put some in children's saving accounts or bonds. I think I would go on a "Real" family vacation, and also give to Hurricane fund.

PrairieMom replied: I'm gonna have to be boring here. If all my bills were payed off, then I would put it all twards the principal on the house. Maybe I would keep out $100 or so for a nice evening out with DH.

~Roo'sMama~ replied: Well it would probably go towards our debt, but I'd love to buy a car that isn't falling apart!

C&K*s Mommie replied: I would divy up $8000 to all of our parents~~ $2000 to each as a thank you gift~(my mother, my father, his mother/adoptive father & his biological father/new wife)

Another $500 would to Christian and Kellie's saving accounts. The remainder would be used to spruce up our home. Mainly buying a dishwasher, and a new refrigerator & a new sink for the kitchen.

jcc64 replied: Dh just got a healthy Christmas bonus, and we used it to pay taxes and credit card debt , but I saved a little out for a new bed.

moped replied: WEll - my company is being sold so in the next month I will come into a chunk of money and after we pay off credit card and others stuff we will have plenty left over. We MAY finance a new car, but more liekly we will buy ourselves ONE luxury item - mine being a better laptop and his being new golf clubs. The rest goes into savings and not to be spent really, unless something comes up.....so maybe you guys could say you can get one luxury item for $1000.00 each and save the rest for a rainy day

CAMSMOM1 replied: Wow....Good suggestions! My DH wants us to put $5,000 away for the months that things get tight. So I'd have to agree with him, and you guys on that one! We really need a new computer, I'm using a 95 laptop...slower than a turtle! And hopefully we have some left over for the house, and we never had a honeymoon, so I would like to take a nice vacation somewhere. Gosh, 10,000 really does go quick! That's why we're trying to plan ahead, so we don't just blow it on little stuff. Cause I could go crazy with it!

kit_kats_mom replied: Well, after I paid off debt of course. If there were any home improvements that would yield a higher sales price on the home (kitchen upgrades, bath upgrades, landscaping etc) then I'd spend it there. Otherwise, I'd just put it back towards the principle of the home. Think of it this way, if you take the money out and put it in a simple savings account for emergencies, you are earning, at best 2% but you are spending 5% or more for the loan so you are losing there. I'd let the bank keep it and if an emergency arose, apply for a signature loan or home equity line of credit at that time.

mysweetpeasWil&Wes replied: I would put most in savings, some in Wil's account, take a long awaited vacation and maybe do a bit on the house. I also need surgery on my feet and work on my teeth, so maybe some of it will go there too!