Home > Fayette.Talk > Archives > 2008 > October > 06 > Entry
DEL.ICIO.USWhat would you do with a financial windfall?
The Atlanta Journal-Constitution
I think the topic of money is fascinating. I’m fairly curious about how people spend it, prioritize it, share it, and even waste it.
Now, I know the subject wasn’t so fascinating recently with the downfall of the market and the $700 billion bailout, but on a personal level, I like to ask people how they’d spend their windfall if they were so fortunate to receive one.
However, unlike the question of what would you do with billions, I’m paring down the amount and adding some parameters: Let’s say you are given $500,000, and with that money, you have to purchase a home.
So the question is: would you spend the entire amount on a home? Would you spend part of it and bank the rest? Or would you spend a small portion on housing and use the rest for a fancy car? Hey, it can’t hurt to dream a little, right?
But if you don’t have billions to spend, and most of us don’t, check out Your Money on how to manage what you have.
Permalink | Comments (2) | Post your comment | Categories: Abby Brunks
Comments
By Vera
October 7, 2008 9:32 AM | Link to this
Hi Abby!
If I had a financial windfall I would have a home custom built, because most of the builders around here aren’t nearly as good as their advertising promises. I would probably spend around $350,000 on the house, and use the remaining for decorating inside and landscaping. I like my car, so I’m going to keep it a few more years. The money I wouldn’t have to spend on a mortgage would go into long term retirement investments and supplement the college fun for my adorable six-year old twins.
By Local resident
October 7, 2008 1:19 PM | Link to this
If I had that financial windfall, I would move out of Georgia. Maybe to Florida, some place where there is less traffic. Build a nice house at a golf course and relax.