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If you had $6000 what would you do with it?
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Re: $6000
hmmm... probably throw it in my savings account (what a boring answer i know). Or maybe i'd buy some furniture, new desk, couch, bed etc. -
Re: $6000
If I had an extra $6000, I would put most of it toward my house mortgage (credit cards are already paid off), but I would probably take $1000 - $2000 and invest it someplace.
If it came to me unexpectedly, I would use a few $100 of it for a weekend trip to my favorite beach vacation spot (I know, it's not the most frugal thing to do, but I'm sure it is what I would do).Comment
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It would all go towards debt (medical, not credit card, but a lot)...another boring answer, but by far the smartest way to the extra money if I had it.
There would be lots of tempting things to use the money on. I had some friends invite me to join them on a trip to Hawaii that I would love to go on, but I will have to pass this year. It isn't a once in a lifetime issue. They plan something every year so when the finances are in better order, I'll start joining them again. It would be tempting to use a portion of the $6,000 on that, but I think I could control that urge.Comment
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Re: $6000
What a treat! Here's what I recommen: Divide it into thirds:
1/3 to the past (like debt or your mortgage)
1/3 to the present (something you really need or want)
1/3 to the future (retirement or emergency savings).
That way you get to take care of lots of needs at the same time!
Cindy Morus
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Re: $6000
cmorus great idea!Originally posted by cmorusComment
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Re: $6000
Max,
Did you receive $6000 out of the blue and wondering what you should do with it or curious how other people would spend the money?Comment
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marla I received $6000 and I am wondering what I should do with it ?Originally posted by marlaComment
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Re: $6000
Max,
I'm not a financial expert - I like Cindy's advice a lot. I think I would put a little more towards my credit cards just because that is one of my goals now to pay them all off and not get into credit card debt again. I would also pur some into long term savings. That is what I'm trying to study up on these days since I have no retirement fund at the moment.
Whatever you decide to do, congratulations on the money. It is certainly a problem I would like to have!
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Re: $6000
Not sure if you want to share, but I'm curious how you got the money and also how you are debating on using the money.Comment
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I'd put it towards a new car! Mine is on its last legs...Comment
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I would put it towards a new car right now too.Comment
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Pay off my debtComment
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Re: $6000
I'd probably follow something like cmorus outlined.
Although, I'd be more likely to do 2/3 past and 1/3 present. I know, I know, so bad of me, I need to worry more about the future, but I'm so concerned with my past that I need to get it taken care of.
I'd like to do all of it to debt, but I know my DH, he'd want to get some things we've been wanting - recliners for our new house. An actual bed for us. Have part of the carport screened in to make an outdoor living area (which would provide a place for an outdoor kitchen). Some more energy efficient appliances (which is kind of for the future too, since it would reduce our utility bills).Comment
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Re: $6000
Well if you have cc debt or any debts like that student loans or whatever of course put it towards that first. Then if you have a mortgage or car payment put it towards that. And if you have none of these I would do something you want to do put in a cd or go on a vacation or whatever you would like or invest into a house if you dont have one.Comment
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