New computer and I’d get my car overhauled at a specialist and there goes like, 15k. Or more if my car has issues I don’t know about
Student loans… Oh wait.
Index fund. Duh.
That’s not really spending since you can just withdraw it.
Hot air rework setup and inventory for modding GPUs to maximum DRAM.
Yeah, paying off loans.
Alternatively and less boringly, upgrade my desktop and peripherals, new laptop for me and my wife, get nice homelab/server stuff, smart home stuff/sensors, surround sound system for my family room and office/gaming room, proper furniture for my office, new matresses for almost every bed in the house. That would most likely eat all of it.
Yeah I could probably spend almost all of that on just Ubiquiti gear
Ooh sensors would be nice
Buy hardwood floor. A trip to Home Depot could take care of it all.
Putting it toward my mortgage payment.
Its going on the car loan. The whole amount.
I think I only have half that much left on my loan. Also my loan is at 2.49%. It really wouldn’t make sense to pay it off right now.
I’d send them to the builder if my beach house to finally finish, but in sure he’ll still ask for more.
$20,000 gift card
Your money is now locked to one store and has an expiration date
has an expiration date
Only if you live in the corporate shithole formerly known as the United States.
I thought they do, but I also haven’t used them in a very long time.
Well, either way it’s inferior pretend money.
(Minus California, by law they can’t expire here)
California should secede already. 14th province! :D
Pretty sure California is the bigger entity. At least economically. Population is basically even.
I’m so down, please adopt us!
Shares.
Better answer than “debt” unless that debt is at a high interest rate.
Don’t discount paying off a modest 6-7% car or student loan. That’s a guaranteed and tax free return on investment. Historically the stock market returns about a 7% annual ROI. Not having a payment every month can make a big difference for liquidity and peace of mind
I would count that as “high,” especially when, as you suggest, you consider risk-adjusted rates.
Basically, just don’t prematurely pay off your mortgage if you have one of those 3% ones from a decade ago.
The boring but truthful answers of “I have bills that can easily soak it all up without an issue (mortgage, student loans, car, etc)” have been said, so assuming I cannot use it to repay any debts, and I have to make actual new purchases, I’d buy things that I could pay for now but enjoy for a long time. 3-year VPN plan, multi-year phone plan, gift cards to restaurants (especially with a bulk discount like at a Costco), etc. Upgrade my cockatiels to a cage that goes wall to wall with real plants hanging out and all that. The little things that cost enough that I don’t get them but not enough to be a life-changer. Probably be a good amount left, I’d get a moped or electric bike of some kind, and I’d upgrade my laptop to a stupid powerful one.
Yeah, they sound like good things to get :)
I’d do something quite similar, under the same assumptions, but would split the money four ways with my wife, kid, and house stuff. We’d all get decent laptops and computers and upgrade the server and backups. I need a new phone, so that would be sorted.
Selfishly, I’d get a new to me motorbike and get the current one serviced properly. Neither would cost too much, but they’re things that are not currently important enough to spend on.
I’d pay a cleaning company for a few days of cleaning and sorting, as we all have either ADHD or something close, and haven’t been able to get our shit together for long enough to make a difference 🫣
I’d like to get the garage insulated, as it’s part of the house and can be cold, and get the garden tidied enough that we can keep it under control.
I’ve probably overspent, but if not, I’d take the family and some close friends out for a nice meal. We haven’t all been together for a while, and there’s a really nice but reasonably priced restaurant nearby 🙂
1-year bonds. I’m gonna make some stupid decisions if I don’t have time to think about it
Debt.
Out of curiosity, how low would that dollar amount have to be for you to opt to spend it on something else? Would it still go to debt if it was only 1,000 or something?
I guess if it was a few hundred, I would just put it in the bank with the rest of my money where it would go towards food, bills, and any other day to day expenses. Probably anything over $1000 would go directly towards debt.
EDIT: I forgot about the by the end of the day rule. I can’t just save it for later. We’d do a Sam’s club run and put the rest towards a bill.
It’s probably highly specific to how much money somebody makes. If my monthly paycheck is $2000, and you give me $1000, I would use that to get ahead by a half a month. If I make $10k a month and you give me $1000, getting ahead by a tenth of a month won’t do much. So hookers and blow all day.
It’d have to be less than a hundred for me personally. A grand less debt? That’s a nice feeling
Same that would pay off all my debt.
It would cover about 20% of mine
Wouldn’t cover the rest of my house, but it could knock out everything else and that would make a world of difference.
Buy here pay here used car lot, pay all cash for a good Toyota or Honda on the spot, immediately turn it back around and post for private party sale, whenever it sells I get the cash scot free and can turn it back into a real investment
You could also just buy a simple physical asset, like gold or silver.
Or a liquid asset like stock. Just sell it next day
That depends on me being able to find that asset for sale. Physical gold stores that I could unload 20K at don’t exist in my farm town. However, car lots are a dime a dozen.
Costco sells gold now, just as a heads up.
