$6000

[jmjj215]

Re: $6000

Put it toward our house downpayment. Or invest it in AAPL.

[Fern]

Re: $6000

I would invest $4,000 in mutual fund retirement savings
$1,000 to splurge a little on things I want, perhaps getting something for my mom, who's on a fixed income
$1,000 to fix up my house in preparation for sale next year.

[PrincessPerky]

Re: $6000

First go out to dinner , then...

pay off CC put the rest to Washington DC trip next year.

After the trip I would split the difference between savings and my next big purchase..

[FrugalTexan75]

Re: $6000

If I had an unexpected windfall of $6,000 - I would:
1. Put $900 of it towards my credit card (mostly pay it off)
2. Put $3000 of it into my Emergency Fund
3. Put $2500 of it into my Long Term Savings (car, house downpayment, etc)
4. Buy a Tivo with lifetime service for ~$400
5. Use the last $200 to buy several good quality business outfits that actually fit me.

Keeping It Frugal in Texas,
Laura

[jodi]

Re: $6000

I have enough in my emergency fund, otherwise it would go there. I just checked my student loan balance a few days ago - $6600. I would add a little extra money to the $6k and pay that loan off once and for all. Oh, to dream...

[aniceguy_2]

Re: $6000

If you had $6000 what would you do with it?

I would use it to pay off all my debts.And if there was anything left over I would invest in a newer car or at least fix the one I have.but that is if there is anything left over.I love to think about what I would do if I won the lotto.Boy do I have dreams.To bad most people who win the lotto were already doing well in life to begin with.As a poor person I think being suddenly wealthy would give me a chance to have a life that I can only dream about now.And of course I would give some back by opening a financial assistance program for the disabled.A sort of assistance that helps people in financial emergencys............But 6000.00 is hardly a multi million jack pot...So with that I would do what I originally said......

[Lady J]

Re: $6000

If I recieved $6000 today and had to use it to better my life this is what I would do:

I would use $800 to pay off my last remaining debt.

I would put $1500 in the bank for future savings.

I would take $600-1000 to buy a good 8 mega pixel digital SLR and any extra equipment I could buy for this amount.

I would complete the series of photography courses at PhotoMahattan and exhibit my work. This would be about $800

I would take $200 to build my portfolio (hard copy and online) of my best work to show to potiental customers.

I would register my photography business and alert the wedding officiant that I am working with that I can now start meeting with her clients. ($200)

I would get business cards and online gallery using Shutterfly Pro Account. Although they charge a 15% commission, I like their service and for starting photographer they take care of all your printing and delivery. I want to keep it simple and could always progress to a better service when I make more money. Their service is $200 a year without download fees.

I would start by doing small jobs and portraits. I plan to offer online proofing and ordering so my out of pocket with be minimal and the profit would come more from print orders and my hourly fee.

The rest of the money I would put in a business account for emergencies for my small business.

I would like to take a chance to get my small business off the ground and this money would help out.

[Ima saver]

Re: $6000

I would pay $6000 off the loan I have on a piece of property.

[pennywise]

Re: $6000

pay down the mortgage. This is my final bill. DH just received a $5000 bonus and all of it is going to the mortgage. No other bills except gas, electric, water, car ins., house ins., phone. I will be so very happy when the house is paid off. I think only 19 more payments, the last taking a huge sum.

[Ima saver]

Re: $6000

penywise, I have been mortgage free for years and it is such a load off of your mind.

[Lori63]

Re: $6000

I would put 2,000 in a CD for son #2 for college (4 years from now), 2,000 for son 3 (8 years from now) and pay $2,000 of my debt off.

[pennywise]

Re: $6000

Dear imasaver and the rest of you: you were very wise to pay off the mortgage. something has really happened to the baby boomers that should not have. Vaguely I remember the old folks saying: pay off the note. Especially African Americans would say pay off the note as fast as possible. One thing I know from reading rich dad poor dad is that before the depression the bank could take the house even if you were paying the payments. There was a demand clause and when the banks started folding they demanded payment in full. After this the federal reserve bank changed that, so long as you are making the payments they cannot take your house. This has given people the comfort to overspend. In one way I am glad that the bankruptcy law changed, so many free loaders, and they laugh over "no debtor jail" and how they got away with it. Shameful for the rest of us who do pay. I am very proud of you for paying off your mortgage and sharing the information. It gives us all the confidence we can do the same. DH and I have made a few financial mistakes, and believe me they will not happen again, and we try to teach our daughter. Schoolcraft college in livonia, Michigan has a course this summer called "does money grow on trees" it is a budgeting course for 5-9 grades, my daughter is registered. I try to teach her but "she doesn't care". Hope she does. By the way I think I will start a new blog "how to teach and motivate your children".

[PrincessPerky]

Re: $6000

By the way I think I will start a new blog "how to teach and motivate your children".

excelent topic! I often look at other families and their kids (often now adults) trying to figure out what was done wrong and what was dobe right.

My biggest confusion is over a family with two kids, one mostly smat about money the other the opposite! How did one set of parents do such a different job on two kids? (close together kids, not like starting over)

[nanamom]

Re: $6000

After the tithe is taken out, I would put most of it into the emergency fund. OUr CC bills are non existent (Thank God) and we plan a move in a year or so and will have expensis there. I'd love to say towards a down payment on a house but we don't plan on living here more than another year (too far from my grandkids and eldest 2 kids)

[CJsoccerchic]

Re: $6000

Put it toward our house downpayment. Or invest it in AAPL.

what is a AAPL?