If you were given a significant amount of money, what would you do with it?
By CRSunrise
@CRSunrise (2981)
United States
January 8, 2009 1:20pm CST
If I were given a significant amount of money, say $40,000, and so was my husband. We would use it to pay off all our credit cards, pay off our cars, and maybe a few other things. That money would be a big help.
That's the kind of thing the government should do, even if it were a loan, it'd help big time.
1 person likes this
5 responses
@conbill (369)
• United States
8 Jan 09
If I was given a significant amount of money I would use it to open my own business. I would love to have my own little cafe. Nothing fancy, just good home cooking that was affordable for people from all walks of life.
@CRSunrise (2981)
• United States
8 Jan 09
That's definitely a good thought. Although, if needed, if you used it on bills, then you could use your remaining money for the cafe. It can work lots of ways. **claps hands**
@KAStew (15)
• United States
8 Jan 09
If I was given $40,000... I would pay off credit cards, our truck payment, and put the rest toward a downpayment on a house.
With the economy the way it is, and me being a stay at home mom, moeny gets incredibly tight, and sometimes seems like we hit the end of the rope and have no more safety nets. It is such a horrible feeling to have no money and no resources, and I agree, the gov't should be doing things like this... Hell, I'd be happy if someone bought me lunch at this point... :)
@CRSunrise (2981)
• United States
8 Jan 09
but using my scenerio, both you and your hubby would get money. So you should have a healthy sum to put on a house. 
@saundyl (9783)
• Canada
8 Jan 09
Hmmm
The first thing i would do is pay off my student loans. I'd pay back a loan from my grandma i got when i was going to school as well. Then from there I'd consider either a down payment on a house or talk to my parents about some home improvements on the house I'm living in.
Just having those student loans paid off would give me an extra 500 dollars a month almost to play with.
@CRSunrise (2981)
• United States
8 Jan 09
I know what you mean, if I could get rid of even half my bills, it'd free up so much cash.
@Kmarie923 (875)
• United States
9 Jan 09
I would probably invest it in something that will make more money from it. If I was in debt though, I probably would pay that off first.
@LilPixelle (828)
• United States
8 Jan 09
40,000... Hmmm... Well I'm 16 years old right now, I'd probably, put it in gold or something until we moved (We are moving into a considerable cheaper home, so we are getting rid of most of our debt.) I'd probably lend my mom the ammount she needed to pay off the rest of her debt (Probably about 20,000) And then keep the rest in gold, Once I get old enough, I would probably use it to do what my mom did, Get a cheap fixer up house in MI (not Detroit) for close to 5,000 spend the rest getting it fixed up, and IF I have enough, start my bakery, Either that, or live on the bare minimum, and get a job wherever I can till I can start my bakery.
As for college, I do plan to go, Though my mom never put any money away for it, I'll be trying for some scholarships.... If I can't get that, I'm not really sure what I'll do, I was told that depending on the college, I could PROBABLY get in free, considering my grades, and family history... Which would be nice, Other than that, I would probably get a 2 year degree If I had to pay for it out of my own pocket... I don't want much debt at all, especially when this Economy Goes ALL The way down...
