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View Poll Results: $10k to play with, which would you pick
Newer used vehicle 5 13.89%
Plastic Surgery 8 22.22%
Invest/buy stock 23 63.89%
Voters: 36. You may not vote on this poll

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Old 11-22-2018, 10:43 AM
 
447 posts, read 333,450 times
Reputation: 722

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Say you had around $10k to play with and an upcoming big birthday. What would your priorities be? I'm a single female no kids.

Get a newer used car? I drive a 5 year old Honda Fit. This is my third Honda and the first that's been recalled twice, had the A/C replaced, doesn't give as good gas mileage as it once did (despite doing many things to fix this), unstable at high speeds, dangerously under powered on recent road trips, noisy, uncomfortable and terrible Velcro-like cloth seats. I used to love this car, but my life circumstances have changed in the past five years. (I rescued two dogs and their fur makes a horrific mess on the cloth seats.)

After doing research, there are better vehicles out there that have more room, better gas mileage, more power and are smooth and QUIET! I would like to eventually drive something more mature and comfortable.

Plastic surgery - fix an area that's always made me unhappy, uncomfortable and cannot be exercised off.

Invest or buy stock leave it alone, be frugal.

I wrestle with the mentality that you never know when you're going to die and I could treat myself and live a little. What do you think?
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Old 11-22-2018, 10:49 AM
 
4,574 posts, read 7,655,643 times
Reputation: 13999
Windfalls are ALWAYS put towards retirement. You may die tomorrow, but you'll Probably live till you're 100.... hedging against having to work till the day you die is the better bet that living like you'll be dead tomorrow.



Purchases are planned (that includes cosmetic surgery) and saved for. If you were already doing that and just a little shy ($1000 or less), then fill the gap and invest.
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Old 11-23-2018, 07:49 AM
 
Location: between three Great Lakes.
1,902 posts, read 2,080,854 times
Reputation: 6579
Weird! I did not see "custom-fitted figure skates in red leather" on the list!

What's wrong with you, poll-maker? Hmmm?
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Old 11-23-2018, 02:16 PM
 
447 posts, read 333,450 times
Reputation: 722
Quote:
Originally Posted by Zenstyle View Post
Weird! I did not see "custom-fitted figure skates in red leather" on the list!

What's wrong with you, poll-maker? Hmmm?
D'oh! How could I forget??!!
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Old 11-23-2018, 02:51 PM
 
3,141 posts, read 3,244,411 times
Reputation: 9019
It never ceases to amaze me that the last thing on anybody's list is : Saving it! You always hear folks saying "When I get my income tax refund I'm going to get - - - -," it's not new money people, it's your money that you let the government use for free for a year. SAVE IT !!!
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Old 11-23-2018, 04:08 PM
 
447 posts, read 333,450 times
Reputation: 722
Thank you Internet strangers for helping me decide. You're right. The best thing to do is just save it.
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Old 11-23-2018, 05:42 PM
 
3,141 posts, read 3,244,411 times
Reputation: 9019
Wait, you thought this good advice was free ?
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Old 11-23-2018, 06:26 PM
 
4,979 posts, read 2,160,769 times
Reputation: 9844
here goes:

1. pay taxes. if it is life insurance, then skip this.
2. after federal, state, local taxes, ~$7000. depends on the state.
3. blow $1k on fun = fancy restaurants, one big party weekend, new shoes.
4. spend $1k on something you need. maybe a new water heater like we just did.
5. collect $1k in ca$h and keep it hidden away in your home. (not at the bank).
6. save $2k however you choose. savings account, US savings bonds, etc.
7. invest $2k in your 401K, health insurance, gold/silver. lots to choose from.
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Old 11-23-2018, 07:24 PM
 
Location: Silicon Valley
18,605 posts, read 24,300,749 times
Reputation: 36946
I'd just stick it in the bank in some safe savings account. I don't gamble, and stocks are just a form of gambling. I've known so many people over my lifetime who lost their shirts in the stock market that is supposedly the best place to put your money long-term - ha - tell that to the people who lost every dime.

I'd put the money in a safe savings account as an emergency fund in a bank with FDIC insurance. I don't care if it earns a penny of interest. At least it will still be there when I need it.
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Old 11-23-2018, 07:43 PM
 
4,979 posts, read 2,160,769 times
Reputation: 9844
NMSFM:

as Will Rogers once said during the Great Depression -
"I'm not so much concerned about the return on my money as the return of my money."
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