Consider this......(inspired by WHAT DO YOU VALUE MOST? thread)

[SillyOldBear66]

I heard this on the radio.

Suppose there is a game......

The game has 2 rules.

1. Each day a bank account will be opened in your name and $86,400.00 will be deposited in that account.

You must spend the money. There’s no way to keep it….etc. transfer to another account, withdraw for cash.

At the end of the day whatever you don’t spend the bank takes back. You can’t carry any over.
It starts all over the next day.

2. The deposits can stop at any time the bank chooses.

What would you do with 86,400?

 

[Michelle]

Use it for part of a down payment on a new house.

 

[imgoingtodisney]

pay off my mortgage

 

[MrsPiglet]

I agree the first day i would put all of it on my mortgage, second day the rest of the mortgage gets paid, brand new car and all the rest of my bills gets paid. The third day, I would in advance for all of my daughters education. After that I don't know

 

[Serena]

not waste it

 

[Beauty]

Lets see first, second and third day would be used paying off my mortgage. Second would be sent to pay for college ahead of time for John-Cole. Third would be new vehicles for everyone.....buy a new home somewhere outside of Mississippi!! I would probably do that after I paid of the mortgage and John-Cole's college. That way when we get ready to move we would have a home waiting.

 

[Talking Hands]

First day down payment on a new house in Orlando area then pay it off. Then new cars for us all. New violas and violins for my girls and lots of strings. Set up college for several of my deaf kids who I know could never afford it. New hearing aids.

 

[Laurabearz]

Originally posted by SillyOldBear66
You must spend the money. There’s no way to keep it….etc. transfer to another account, withdraw for cash.
2. The deposits can stop at any time the bank chooses.

What would you do with 86,400?

DO we have to pay taxes on it?

For the first (and maybe last) $86,400, I would spend half of it buying stocks, New driveway and gutters, add a bathroom downstairs, and remodel the upstairs bath.

Second installment again 1/2 stocks, large flat screen tv, surround. DVC player for the van, and other toys. At least 25% going towards childrens pre paid college.

Third Installment again stocks and maybe some towards mortgage, but with our low rate it seems stocks are the better option.

 

[poohraedopey]

Oh gosh I think they first day would be split in half for the kids for college down the road. It won't cover them in full but that's okay. 2nd day I woudl buy 2 new cars. 3rd day I would pay off all of our debt and put the rest into a house down payment. Then if it kept coming I would pay off the house and furnish the house in the week. After that I would pay off my sisters house and car then my inlaws home then my parents that would be using probbaly half the money the rest would be having to go into stocks and retirments of some sort. We'd probably also work some vacations in there!

 

[Jenzebelle]

The first 2 days would be spent paying off my mortgage.

The next few would be spent paying off my cars, credit cards, and other debts. As well as the mortgages and debts of my family.

Then I would use the next day for home repairs and an addition added

Then I would prepay my tuition for the year, my husband's, and my sister's.

Then I would buy luxuries for myself, my husband, my friends, and my family

 

[CathyCanada]

Oh, sounds like fun!

First day, pay off debts

Second day, donate it to the local food bank

Third day, buy new cars (one for Meg and one for my parents)

Fourth day, pay off my brother's mortgage

Fifth day, book a family reunion cruise on the Magic with Cats 1 and 2.

Sixth day, prepay Meg's University

Seventh day, prepay my nephew, Rion's tuition

Eighth day, prepay Patrick's tuition (Rion goes to school a year before Patrick)

Ninth day, prepay my nephew, Titan's tuition

Tenth day, send the money to Michelle to put down as additional payment for her house!

Wait..... how many days does this go on?
CC

 

[jwsqrdplus2]

Live life to the fullest because 1 24-hr day = 86,400 seconds!

Mainly spend it with my kids and husband and cherish every moment.

 

[SillyOldBear66]

Bravo Jessica!

 

[Rajah]

I know this one is number of seconds in a day, but since the question was what we'd do with the money...

First, pay off *all* CC's. Part of what's left over goes for a family trip for DH, me, and my parents. I guess if DH's parents really want to come, they can come too. But they're not traveling/vacationing people like we are. The remainder, into some kind of long-term savings.

Second, pay off both cars. Remainder, long-term savings.

Third and fourth, pay off remainder of house. That might even take just a little of the fifth, depending on if taxes are taken out of it or not.

Fifth -- remainder of house (if needed), buy my dad a new car (he SERIOUSLY needs one), remainder to saving.

Sixth -- pay off *parent's* house. Use seventh as well if needed.

Eighth -- get *parents* out of debt. Remainder goes to *their* long-term savings

Next 5 or so -- buy a nice chunk of property in southwestern Colorado near the Rockies.

Next few, buy a smaller chunk of property either in Grand Junction Colorado or Farmington New Mexico. Then build a house on it.

Repeat, only definately in Farmington. This chunk for my parents to retire.

Once all debt is paid off for me and my parents (I'm not sure DH's parents situation, but I guess we can share with them, too and desired property is obtained (Oh, I forgot -- get DVC membership! ) the remainder goes into savings, with some donations to animal shelters and children's charities and stuff like that.

It's nice to dream.

 

[Planogirl]

Day 1, pay off credit card debt, car loans and plan one major trip. Day 2 (assuming there is one) apply all of it to house loan. Day 3 the same. Day 4, buy lots of trips.

I assume that we don't have to pay taxes on these deposits.