What would you do with $100k? (balance, liable, cost, children)

[Lowexpectations]

I would love to say Id buy a jaguar f-type but in reality if probably save it

[Linda_d]

I would pay off my house, which would take about $50k, my car ($7.5k), and all other bills including loan for house work (< $10k total) which would leave me about $30k. I'd use some to travel. I'd probably put more into my house, like add a bathroom upstairs.

[almost3am]

pay debt and the rest goes to kids college fund, which I don't have.

[Keim]

Already debt free. So, something like this: 10-15% on something fun. Maybe a good family vacation. The rest into savings-kids got college in a few years!

Maybe a few $k on the dogs-just to **** off jtur88!

[cardinal2007]

Originally Posted by cindersslipper

It sounds like a lot, but of course it isn't.

I think I'd buy a new car, do some things to the house, then travel.

Put some in my retirement fund.

What would you do?

To be honest I would put half of it in savings/investment account, and use half of it to pay down my mortgage, possibly refinance it. Right now after buying my condo I don't have money to be comfortable leaving work and doing freelance work, consulting or my own company, and I guess I just would prefer to be there again.

I know it is weird but I like having savings just in case I want to take the freedom to do something else, and buying the condo ate up that buffer, but in theory it should be much cheaper than renting in the long run.

[Keim]

Originally Posted by cardinal2007

To be honest I would put half of it in savings/investment account, and use half of it to pay down my mortgage, possibly refinance it. Right now after buying my condo I don't have money to be comfortable leaving work and doing freelance work, consulting or my own company, and I guess I just would prefer to be there again.

I know it is weird but I like having savings just in case I want to take the freedom to do something else, and buying the condo ate up that buffer, but in theory it should be much cheaper than renting in the long run.

Kinda sad that is considered weird.

[dpm1]

Roll it into tax deferred accounts as quickly as possible and use a good chunk for a down payment.

[gentlearts]

I would take some nice trips, and throw the rest into the retirement pile.

[selhars]

two girls at the same time

I'm not surprised.

[Lowexpectations]

Originally Posted by dpm1

Roll it into tax deferred accounts as quickly as possible and use a good chunk for a down payment.

It would take a while to do that. You could max your 401k and Ira and live on the 100k but that would still take years